USD/CAD Action Bias

 
Current
H
6H
D
W

Last Updated: Dec 09 09:45 GMT

Technical Studies
Last Updated: Dec 09 09:45 GMT
8 EMA
1.2666
21 EMA
1.2660
55 EMA
1.2675
ADX
20.78
+DMI
21.45
-DMI
57.56
RSI
57.56
MACD
0.0004
MACD Signal
0.0002
Bollinger Band Upper
1.2682
Bollinger Band Lower
1.2632
Bollinger Band Width
0.0049

Technical Studies
Last Updated: Dec 09 09:45 GMT
8 EMA
1.2671
21 EMA
1.2709
55 EMA
1.2701
ADX
33.56
+DMI
13.81
-DMI
42.93
RSI
42.93
MACD
-0.0029
MACD Signal
-0.0006
Bollinger Band Upper
1.2893
Bollinger Band Lower
1.2580
Bollinger Band Width
0.0313

Technical Studies
Last Updated: Dec 09 09:45 GMT
8 EMA
1.2709
21 EMA
1.2669
55 EMA
1.2598
ADX
27.92
+DMI
20.02
-DMI
52.16
RSI
52.16
MACD
0.0052
MACD Signal
0.0010
Bollinger Band Upper
1.2869
Bollinger Band Lower
1.2497
Bollinger Band Width
0.0372

Technical Studies
Last Updated: Dec 09 09:42 GMT
8 EMA
1.2650
21 EMA
1.2582
55 EMA
1.2656
ADX
25.34
+DMI
28.02
-DMI
53.65
RSI
53.65
MACD
0.0042
MACD Signal
0.0008
Bollinger Band Upper
1.2883
Bollinger Band Lower
1.2299
Bollinger Band Width
0.0584

Action Bias is derived from our proprietary algorithms based on technical studies of prices of currency pairs. Action Bias is NOT intended for use as trading signals. Though it is by no means 100% accurate, it could be one of the best tools for a trader to reference to before deciding on your trades.

   = Upside Bias

   = Neutral Bias

   = Downside Bias

Here are some possible uses:

  1. Action Bias can be used to determine the primary direction to trade the currency pair. That is, one could only consider going long when Action Bias is on the upside and short only when Action Bias is on the downside.
  2. Action Bias can also be used to determine the exit of your trades. For example, one could consider exiting a long trade when Action Bias changes from up to neutral.
  3. Action Bias of different time frames can be used to reference each other. For example, an intraday trader could only consider going long when 4 hours and daily bias are NOT in conflict. That means, when 4 hours bias is up and daily bias is at least neutral.
  4. Action Bias of different pairs can be compared to have better understanding of the strength of a certain currency. For example, one could compare both the daily bias and weekly bias of all JPY crosses to see if there is particular underlying strength or weakness in Japanese Yen.

There are just too many possibilities. Explore and have fun.