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| Price | ▲ 1.23% | ▼ 4.56% | ▼ 2.25% | ▲ 1.90% |
| Energy | ▼ 2.2 | ▼ 33.7 | ▼ 41.3 | ▲ 2.8 |
Trend of Bull Bias BCHUSD Daily
▸When BCHUSD is in Bull Bias:
- then BCHUSD moved to higher Market State: 85 times — 41.3%
- then BCHUSD moved to lower Market State: 121 times — 58.7%
▸Current BCHUSD market energy: 21.98%
- Distance to upper bound of Bull Bias (at 60%): 38.02%
- Distance to lower bound of Bull Bias (at 20.88%): 1.1%
"History always repeats itself, one way or another" — 2AITRADING
As the Daily candle completes, BCHUSD noted at trend energy leaning Bull.
Market trend on the 2AiTrading energy system Market Energy rose +2.8% this candle, currently 22% (previous candle 19.2%).
Time in Bull 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, BCHUSD Market Energy ranged from +19.2 to +96.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BCHUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 18-10-2020 closed, BCHUSD was at 249.32, up 1.9% from the previous candle (244.66). Market Energy was 22%, up 2.8 points from 19.2%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did BCHUSD price move on this Daily candle, and how large is that historically?
BCHUSD closed at 249.32, up 1.9% from the previous Daily candle (244.66). This rise is larger than 48% of past rises on the Daily timeframe for BCHUSD, across 324 candles since 2019.
How did BCHUSD Market Energy change from the previous candle?
Market Energy rose 2.8 percentage points from the previous candle — from 19.2% to 22%. This rise is larger than 16% of past rises on the Daily timeframe for BCHUSD.
Do BCHUSD price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was BCHUSD in on the previous Daily candle?
The previous Daily candle had BCHUSD at 19.2%, Neutral — when this candle closed, BCHUSD moved up to a higher zone: Neutral → Bull Bias.
Where does BCHUSD energy sit within the Bull Bias zone?
At 22%, BCHUSD is 38.02 points from the upper boundary of Bull Bias (60%) and 1.1 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bear Extreme with energy -93%; GER40 (European equities) in Bull Bias with energy 59.8%. Against this backdrop, BCHUSD (Bull Bias, 22%) has higher energy than SPX500; sits in the same state zone as 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 Neutral with Market Energy -5.7%. BCHUSD energy is currently above DXY by 27.7 points.
See the real-time energy chart for BCHUSD.
Open Energy ChartSee the full 2AiTrading Model data for BCHUSD on the BCHUSD overview →
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