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Jul 25 13:40 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↓ DN- NEChartJul 25 13:36 GMT
USDJPY- NE↑ UP- NE- NEChartJul 25 13:36 GMT
GBPUSD- NE↓ DN↓ DN- NEChartJul 25 13:36 GMT
USDCHF↑ UP↑ UP↑ UP- NEChartJul 25 13:36 GMT
USDCAD↑ UP↑ UP- NE- NEChartJul 25 13:36 GMT
AUDUSD- NE- NE↑ UP- NEChartJul 25 13:36 GMT
NZDUSD↓ DN↓ DN↓ DN- NEChartJul 25 13:36 GMT
EURJPY↓ DN- NE↓ DN↓ DNChartJul 25 13:36 GMT
EURGBP↓ DN- NE- NE↓ DNChartJul 25 13:36 GMT
EURCHF↓ DN- NE- NE- NEChartJul 25 13:36 GMT
EURCAD- NE- NE- NE↓ DNChartJul 25 13:36 GMT
EURAUD↓ DN- NE↓ DN↓ DNChartJul 25 13:36 GMT
EURNZD- NE↑ UP↑ UP↓ DNChartJul 25 13:36 GMT
GBPJPY- NE- NE↓ DN- NEChartJul 25 13:36 GMT
CHFJPY- NE- NE↓ DN↓ DNChartJul 25 13:36 GMT
CADJPY↓ DN- NE- NE- NEChartJul 25 13:36 GMT
AUDJPY- NE- NE- NE- NEChartJul 25 13:36 GMT
NZDJPY↓ DN↓ DN↓ DN- NEChartJul 25 13:36 GMT
GBPCHF↑ UP- NE- NE↑ UPChartJul 25 13:36 GMT
GBPCAD↑ UP- NE- NE- NEChartJul 25 13:36 GMT
GBPAUD- NE- NE↓ DN- NEChartJul 25 13:36 GMT
GBPNZD↑ UP↑ UP↑ UP- NEChartJul 25 13:36 GMT
CADCHF- NE- NE↑ UP↑ UPChartJul 25 13:36 GMT
AUDCHF↑ UP- NE↑ UP↑ UPChartJul 25 13:36 GMT
NZDCHF- NE↓ DN↓ DN- NEChartJul 25 13:36 GMT
AUDCAD↑ UP- NE- NE- NEChartJul 25 13:36 GMT
NZDCAD- NE↓ DN↓ DN- NEChartJul 25 13:36 GMT
AUDNZD↑ UP↑ UP↑ UP- NEChartJul 25 13:36 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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