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Oct 21 21:34 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↓ DNChartOct 21 21:21 GMT
USDJPY↑ UP- NE- NE- NEChartOct 21 21:21 GMT
GBPUSD↓ DN- NE- NE↓ DNChartOct 21 21:21 GMT
USDCHF↑ UP- NE- NE- NEChartOct 21 21:21 GMT
USDCAD- NE↓ DN- NE↑ UPChartOct 21 21:21 GMT
AUDUSD↓ DN- NE- NE↓ DNChartOct 21 21:21 GMT
NZDUSD↓ DN- NE- NE↓ DNChartOct 21 21:21 GMT
EURJPY- NE- NE- NE↓ DNChartOct 21 21:21 GMT
EURGBP↓ DN↓ DN- NE- NEChartOct 21 21:21 GMT
EURCHF- NE- NE↓ DN- NEChartOct 21 21:15 GMT
EURCAD↓ DN↓ DN- NE- NEChartOct 21 21:21 GMT
EURAUD- NE- NE- NE- NEChartOct 21 21:21 GMT
EURNZD- NE- NE- NE- NEChartOct 21 21:21 GMT
GBPJPY↑ UP- NE- NE↓ DNChartOct 21 21:21 GMT
CHFJPY- NE- NE- NE↓ DNChartOct 21 21:21 GMT
CADJPY↑ UP- NE- NE- NEChartOct 21 21:21 GMT
AUDJPY- NE- NE- NE- NEChartOct 21 21:18 GMT
NZDJPY- NE- NE- NE↓ DNChartOct 21 21:21 GMT
GBPCHF↑ UP↑ UP- NE- NEChartOct 21 21:21 GMT
GBPCAD↓ DN- NE- NE- NEChartOct 21 21:21 GMT
GBPAUD- NE- NE- NE- NEChartOct 21 21:21 GMT
GBPNZD- NE- NE- NE- NEChartOct 21 21:21 GMT
CADCHF↑ UP↑ UP- NE- NEChartOct 21 21:21 GMT
AUDCHF↑ UP- NE- NE↓ DNChartOct 21 21:21 GMT
NZDCHF- NE- NE- NE- NEChartOct 21 21:18 GMT
AUDCAD↓ DN- NE- NE- NEChartOct 21 21:21 GMT
NZDCAD↓ DN- NE- NE- NEChartOct 21 21:21 GMT
AUDNZD- NE- NE↓ DN- NEChartOct 21 21:21 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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