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| Price | ▼ 1.24% | ▼ 2.27% | ▼ 2.86% | ▼ 2.40% |
| Energy | ▼ 10.7 | ▼ 13.0 | ▼ 13.3 | ▼ 6.5 |
Trend of Bear Bias DOGEUSD Daily
▸When DOGEUSD is in Bear Bias:
- then DOGEUSD moved to higher Market State: 139 times — 80.3%
- then DOGEUSD moved to lower Market State: 34 times — 19.7%
▸Current DOGEUSD market energy: -29.43%
- Distance to upper bound of Bear Bias (at -20.88%): 8.55%
- Distance to lower bound of Bear Bias (at -60%): 30.57%
"To truly understand anything, study its history" — 2AITRADING
From the just-closed Daily candle data, DOGEUSD noted at the Bear trend energy zone.
Market trend on the 2AiTrading energy system Market Energy at -29.4%, down -6.5% from -22.9% in the previous candle.
Time in Bear Bias energy zone: 2 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, DOGEUSD Market Energy ranged from -29.4 to +24.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did DOGEUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 01-08-2024 closed, DOGEUSD was at 0.11899, down 2.4% from the previous candle (0.12192). Market Energy was -29.4%, down 6.5 points from -22.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did DOGEUSD price move on this Daily candle, and how large is that historically?
DOGEUSD closed at 0.11899, down 2.4% from the previous Daily candle (0.12192). This drop is larger than 53% of past drops on the Daily timeframe for DOGEUSD, across 1,853 candles since 2019.
How did DOGEUSD Market Energy change from the previous candle?
Market Energy fell 6.5 percentage points from the previous candle — from -22.9% to -29.4%. This drop is larger than 49% of past drops on the Daily timeframe for DOGEUSD.
Do DOGEUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was DOGEUSD in on the previous Daily candle?
The previous Daily candle had DOGEUSD at -22.9%, Bear Bias — this candle kept the same state, no zone change.
Where does DOGEUSD energy sit within the Bear Bias zone?
At -29.4%, DOGEUSD is 8.55 points from the upper boundary of Bear Bias (-20.88%) and 30.57 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 Bull Bias with energy 57.8%; GER40 (European equities) in Neutral with energy -16.8%. Against this backdrop, DOGEUSD (Bear Bias, -29.4%) 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 Bear Critical with Market Energy -69%. DOGEUSD (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for DOGEUSD.
Open Energy ChartSee the full 2AiTrading Model data for DOGEUSD on the DOGEUSD overview →
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