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May 27 06:23 GMT

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Action Bias Summary Print E-mail

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

Below is a summary of Action Bias of dollar index plus 28 currency pairs for four time frames - 4 hours, daily, weekly and Monthly. The table will be updated throughout the trading day.

See note for more explanations

Remember to click on the pairs to view the Action Bias Charts.

Action Bias Summary Table

  Hourly 6 Hours Daily Weekly Charts Last Updated
EURUSD- NE- NE↓ DN- NEChartMay 27 06:21 GMT
USDJPY- NE- NE- NE- NEChartMay 27 06:18 GMT
GBPUSD- NE- NE↑ UP↑ UPChartMay 27 06:18 GMT
USDCHF- NE- NE↑ UP- NEChartMay 27 06:21 GMT
USDCAD- NE- NE- NE- NEChartMay 27 06:21 GMT
AUDUSD- NE- NE- NE- NEChartMay 27 06:12 GMT
NZDUSD- NE- NE- NE- NEChartMay 27 06:15 GMT
EURJPY- NE- NE- NE- NEChartMay 27 06:21 GMT
EURGBP- NE- NE↓ DN- NEChartMay 27 06:21 GMT
EURCHF↑ UP- NE- NE↑ UPChartMay 27 06:21 GMT
EURCAD- NE- NE↓ DN- NEChartMay 27 06:21 GMT
EURAUD- NE- NE- NE- NEChartMay 27 06:21 GMT
EURNZD- NE- NE- NE- NEChartMay 27 06:21 GMT
GBPJPY- NE- NE↑ UP- NEChartMay 27 06:21 GMT
CHFJPY- NE- NE- NE- NEChartMay 27 06:21 GMT
CADJPY↓ DN- NE- NE- NEChartMay 27 06:21 GMT
AUDJPY- NE- NE- NE↓ DNChartMay 27 06:21 GMT
NZDJPY- NE- NE- NE- NEChartMay 27 06:21 GMT
GBPCHF- NE- NE↑ UP- NEChartMay 27 06:21 GMT
GBPCAD- NE- NE- NE- NEChartMay 27 06:21 GMT
GBPAUD- NE- NE↑ UP- NEChartMay 27 06:21 GMT
GBPNZD↑ UP- NE- NE- NEChartMay 27 06:21 GMT
CADCHF- NE- NE↑ UP- NEChartMay 27 06:21 GMT
AUDCHF- NE- NE- NE- NEChartMay 27 06:21 GMT
NZDCHF- NE- NE- NE- NEChartMay 27 06:21 GMT
AUDCAD↑ UP- NE- NE- NEChartMay 27 06:21 GMT
NZDCAD- NE- NE- NE- NEChartMay 27 06:21 GMT
AUDNZD- NE↑ UP- NE- NEChartMay 27 06:21 GMT

Note:

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. Here are some possible uses:

  • 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.
  • 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.
  • 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.
  • 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.

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