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May 27 15:45 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↓ DN↓ DN- NEChartMay 27 15:39 GMT
USDJPY↑ UP↑ UP↑ UP- NEChartMay 27 15:39 GMT
GBPUSD↓ DN↓ DN- NE- NEChartMay 27 15:39 GMT
USDCHF- NE↑ UP↑ UP- NEChartMay 27 15:39 GMT
USDCAD- NE↑ UP↑ UP- NEChartMay 27 15:39 GMT
AUDUSD- NE↓ DN↓ DN- NEChartMay 27 15:39 GMT
NZDUSD- NE↓ DN↓ DN↓ DNChartMay 27 15:39 GMT
EURJPY↑ UP- NE- NE- NEChartMay 27 15:39 GMT
EURGBP↑ UP- NE↓ DN- NEChartMay 27 15:39 GMT
EURCHF- NE↓ DN↓ DN- NEChartMay 27 15:39 GMT
EURCAD↑ UP- NE- NE- NEChartMay 27 15:39 GMT
EURAUD↑ UP- NE- NE- NEChartMay 27 15:39 GMT
EURNZD↑ UP- NE- NE- NEChartMay 27 15:39 GMT
GBPJPY- NE↑ UP↑ UP↑ UPChartMay 27 15:39 GMT
CHFJPY↑ UP↑ UP- NE↑ UPChartMay 27 15:39 GMT
CADJPY- NE↑ UP- NE↑ UPChartMay 27 15:39 GMT
AUDJPY↑ UP- NE- NE- NEChartMay 27 15:39 GMT
NZDJPY↑ UP↑ UP- NE- NEChartMay 27 15:39 GMT
GBPCHF↓ DN↓ DN↑ UP- NEChartMay 27 15:39 GMT
GBPCAD- NE- NE↑ UP- NEChartMay 27 15:39 GMT
GBPAUD- NE- NE↑ UP- NEChartMay 27 15:39 GMT
GBPNZD↓ DN- NE- NE↑ UPChartMay 27 15:39 GMT
CADCHF↓ DN↓ DN- NE- NEChartMay 27 15:39 GMT
AUDCHF↓ DN↓ DN- NE- NEChartMay 27 15:39 GMT
NZDCHF↓ DN- NE- NE↓ DNChartMay 27 15:39 GMT
AUDCAD- NE- NE- NE- NEChartMay 27 15:39 GMT
NZDCAD- NE↑ UP- NE↓ DNChartMay 27 15:39 GMT
AUDNZD- NE↓ DN- NE↑ UPChartMay 27 15:39 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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