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Aug 30 14:56 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↓ DN↓ DN- NE- NEChartAug 30 14:51 GMT
USDJPY↑ UP↑ UP- NE- NEChartAug 30 14:51 GMT
GBPUSD↑ UP↓ DN- NE- NEChartAug 30 14:51 GMT
USDCHF↑ UP↑ UP- NE- NEChartAug 30 14:51 GMT
USDCAD↑ UP↑ UP- NE- NEChartAug 30 14:51 GMT
AUDUSD↓ DN↓ DN- NE- NEChartAug 30 14:36 GMT
NZDUSD↓ DN- NE- NE- NEChartAug 30 14:51 GMT
EURJPY↑ UP↑ UP↑ UP- NEChartAug 30 14:48 GMT
EURGBP↓ DN- NE- NE↑ UPChartAug 30 14:51 GMT
EURCHF- NE- NE↑ UP- NEChartAug 30 14:48 GMT
EURCAD↑ UP- NE- NE- NEChartAug 30 14:51 GMT
EURAUD↑ UP- NE- NE- NEChartAug 30 14:51 GMT
EURNZD- NE- NE↓ DN↓ DNChartAug 30 14:51 GMT
GBPJPY↑ UP↑ UP- NE↓ DNChartAug 30 14:48 GMT
CHFJPY↑ UP↑ UP- NE- NEChartAug 30 14:51 GMT
CADJPY↑ UP↑ UP- NE- NEChartAug 30 14:51 GMT
AUDJPY- NE- NE- NE- NEChartAug 30 14:51 GMT
NZDJPY↑ UP↑ UP↑ UP- NEChartAug 30 14:51 GMT
GBPCHF↑ UP↑ UP↑ UP↓ DNChartAug 30 14:51 GMT
GBPCAD↑ UP- NE↑ UP↓ DNChartAug 30 14:51 GMT
GBPAUD↑ UP- NE- NE- NEChartAug 30 14:51 GMT
GBPNZD↑ UP↑ UP- NE↓ DNChartAug 30 14:51 GMT
CADCHF- NE- NE- NE- NEChartAug 30 14:51 GMT
AUDCHF↓ DN- NE- NE- NEChartAug 30 14:51 GMT
NZDCHF- NE- NE↑ UP- NEChartAug 30 14:51 GMT
AUDCAD↓ DN- NE- NE- NEChartAug 30 14:51 GMT
NZDCAD- NE- NE↑ UP↑ UPChartAug 30 14:51 GMT
AUDNZD↓ DN- NE↓ DN↓ DNChartAug 30 14:51 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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