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| Price | ▲ 0.03% | ▲ 0.09% | ▼ 1.51% | ▼ 1.32% |
| Energy | ▲ 3.0 | ▲ 0.2 | ▼ 14.7 | ▼ 23.6 |
Trend of Neutral COFFEE Daily
▸When COFFEE is in Neutral:
- then COFFEE moved to higher Market State: 182 times — 46.2%
- then COFFEE moved to lower Market State: 212 times — 53.8%
▸Current COFFEE market energy: 2.42%
- Distance to upper bound of Neutral (at 20.88%): 18.46%
- Distance to lower bound of Neutral (at -20.88%): 23.3%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed Daily candle, Market Energy of COFFEE indicates the Neutral level.
On the 2AiTrading energy system, Compared to the previous candle (26%), Market Energy dropped -23.6% to 2.4%.
Time in Neutral 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, COFFEE Market Energy ranged from +2.4 to +40.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did COFFEE price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 05-02-2024 closed, COFFEE was at 1.8626, down 1.32% from the previous candle (1.8875). Market Energy was 2.4%, down 23.6 points from 26%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did COFFEE price move on this Daily candle, and how large is that historically?
COFFEE closed at 1.8626, down 1.32% from the previous Daily candle (1.8875). This drop is larger than 49% of past drops on the Daily timeframe for COFFEE, across 1,274 candles since 2019.
How did COFFEE Market Energy change from the previous candle?
Market Energy fell 23.6 percentage points from the previous candle — from 26% to 2.4%. This drop is larger than 80% of past drops on the Daily timeframe for COFFEE.
Do COFFEE price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was COFFEE in on the previous Daily candle?
The previous Daily candle had COFFEE at 26%, Bull Bias — when this candle closed, COFFEE moved down to a lower zone: Bull Bias → Neutral.
Where does COFFEE energy sit within the Neutral zone?
At 2.4%, COFFEE is 18.46 points from the upper boundary of Neutral (20.88%) and 23.3 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 8.1%; GER40 (European equities) in Bear Bias with energy -50.2%. Against this backdrop, COFFEE (Neutral, 2.4%) has higher energy than GER40; sits in the same state zone as SPX500.
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 84.5%. COFFEE energy is currently below DXY by 82 points.
See the real-time energy chart for COFFEE.
Open Energy ChartSee the full 2AiTrading Model data for COFFEE on the COFFEE overview →
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