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| Price | ▼ 0.48% | ▼ 0.03% | ▼ 0.70% | ▼ 0.18% |
| Energy | ▼ 22.7 | ▼ 13.2 | ▼ 36.8 | ▼ 25.7 |
Trend of Bear Bias AUDUSD Daily
▸When AUDUSD is in Bear Bias:
- then AUDUSD moved to higher Market State: 369 times — 68.5%
- then AUDUSD moved to lower Market State: 170 times — 31.5%
▸Current AUDUSD market energy: -28.65%
- Distance to upper bound of Bear Bias (at -20.88%): 7.77%
- Distance to lower bound of Bear Bias (at -60%): 31.35%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
From the just-closed Daily candle data, AUDUSD shows the Market Energy zone leaning Bear.
Observing the AUDUSD market this session, Market Energy dropped -25.7% from the previous candle, from -3% to -28.6%.
Time in Bear Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, AUDUSD Market Energy ranged from -28.6 to +69.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did AUDUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 23-05-2024 closed, AUDUSD was at 0.6607, down 0.18% from the previous candle (0.6619). Market Energy was -28.6%, down 25.7 points from -3%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did AUDUSD price move on this Daily candle, and how large is that historically?
AUDUSD closed at 0.6607, down 0.18% from the previous Daily candle (0.6619). This drop is larger than 34% of past drops on the Daily timeframe for AUDUSD, across 1,685 candles since 2019.
How did AUDUSD Market Energy change from the previous candle?
Market Energy fell 25.7 percentage points from the previous candle — from -3% to -28.6%. This drop is larger than 85% of past drops on the Daily timeframe for AUDUSD.
Do AUDUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was AUDUSD in on the previous Daily candle?
The previous Daily candle had AUDUSD at -3%, Neutral — when this candle closed, AUDUSD moved down to a lower zone: Neutral → Bear Bias.
Where does AUDUSD energy sit within the Bear Bias zone?
At -28.6%, AUDUSD is 7.77 points from the upper boundary of Bear Bias (-20.88%) and 31.35 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Neutral with energy 19.3%; GER40 (European equities) in Neutral with energy 20.6%. Against this backdrop, AUDUSD (Bear Bias, -28.6%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 90%. AUDUSD (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for AUDUSD.
Open Energy ChartSee the full 2AiTrading Model data for AUDUSD on the AUDUSD overview →
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