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Apr 21 23:23 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- NE- NEChartApr 21 23:15 GMT
USDJPY- NE- NE- NE- NEChartApr 21 23:12 GMT
GBPUSD- NE- NE- NE- NEChartApr 21 23:15 GMT
USDCHF- NE- NE↓ DN- NEChartApr 21 23:15 GMT
USDCAD- NE- NE- NE- NEChartApr 21 23:15 GMT
AUDUSD- NE- NE- NE- NEChartApr 21 23:15 GMT
NZDUSD- NE- NE- NE- NEChartApr 21 23:15 GMT
EURJPY↑ UP- NE- NE↓ DNChartApr 21 23:15 GMT
EURGBP- NE- NE↓ DN↓ DNChartApr 21 23:15 GMT
EURCHF- NE- NE↓ DN- NEChartApr 21 23:15 GMT
EURCAD- NE- NE↓ DN↓ DNChartApr 21 23:15 GMT
EURAUD↑ UP- NE- NE↓ DNChartApr 21 23:15 GMT
EURNZD↑ UP- NE↓ DN↓ DNChartApr 21 23:15 GMT
GBPJPY- NE↑ UP- NE- NEChartApr 21 23:12 GMT
CHFJPY- NE↑ UP↑ UP- NEChartApr 21 23:15 GMT
CADJPY- NE- NE- NE- NEChartApr 21 23:15 GMT
AUDJPY- NE- NE- NE- NEChartApr 21 23:15 GMT
NZDJPY- NE- NE↑ UP- NEChartApr 21 23:15 GMT
GBPCHF- NE- NE- NE- NEChartApr 21 23:12 GMT
GBPCAD- NE↑ UP- NE- NEChartApr 21 23:12 GMT
GBPAUD↑ UP↑ UP- NE- NEChartApr 21 23:15 GMT
GBPNZD↑ UP- NE- NE↓ DNChartApr 21 23:15 GMT
CADCHF- NE- NE- NE- NEChartApr 21 23:15 GMT
AUDCHF- NE↓ DN- NE- NEChartApr 21 23:15 GMT
NZDCHF↓ DN- NE- NE↑ UPChartApr 21 23:15 GMT
AUDCAD- NE- NE↓ DN↓ DNChartApr 21 23:15 GMT
NZDCAD- NE↑ UP- NE- NEChartApr 21 23:15 GMT
AUDNZD- NE↓ DN↓ DN↓ DNChartApr 21 23:15 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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