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Mar 30 05:46 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- NE- NE- NEChartMar 30 05:39 GMT
USDJPY- NE- NE- NE- NEChartMar 30 05:39 GMT
GBPUSD↓ DN- NE- NE- NEChartMar 30 05:39 GMT
USDCHF- NE- NE- NE- NEChartMar 30 05:39 GMT
USDCAD↑ UP- NE- NE↑ UPChartMar 30 05:39 GMT
AUDUSD↓ DN↓ DN- NE- NEChartMar 30 05:39 GMT
NZDUSD↓ DN- NE- NE- NEChartMar 30 05:39 GMT
EURJPY↓ DN- NE- NE↓ DNChartMar 30 05:39 GMT
EURGBP- NE- NE- NE- NEChartMar 30 05:36 GMT
EURCHF↓ DN↓ DN↓ DN↓ DNChartMar 30 05:33 GMT
EURCAD- NE↑ UP- NE- NEChartMar 30 05:39 GMT
EURAUD- NE↑ UP- NE↓ DNChartMar 30 05:39 GMT
EURNZD- NE- NE- NE↓ DNChartMar 30 05:39 GMT
GBPJPY↓ DN- NE↓ DN↓ DNChartMar 30 05:39 GMT
CHFJPY- NE- NE- NE- NEChartMar 30 05:39 GMT
CADJPY↓ DN↓ DN- NE↓ DNChartMar 30 05:39 GMT
AUDJPY↓ DN↓ DN- NE- NEChartMar 30 05:39 GMT
NZDJPY↓ DN↓ DN- NE- NEChartMar 30 05:39 GMT
GBPCHF- NE- NE↓ DN- NEChartMar 30 05:36 GMT
GBPCAD- NE↑ UP- NE- NEChartMar 30 05:39 GMT
GBPAUD- NE↑ UP- NE- NEChartMar 30 05:39 GMT
GBPNZD- NE- NE↓ DN↓ DNChartMar 30 05:39 GMT
CADCHF- NE↓ DN↓ DN- NEChartMar 30 05:39 GMT
AUDCHF- NE↓ DN- NE- NEChartMar 30 05:36 GMT
NZDCHF- NE↓ DN- NE- NEChartMar 30 05:36 GMT
AUDCAD- NE- NE- NE- NEChartMar 30 05:39 GMT
NZDCAD- NE- NE- NE↑ UPChartMar 30 05:36 GMT
AUDNZD- NE↓ DN↓ DN↓ DNChartMar 30 05:39 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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