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| Price | ▼ 0.54% | ▼ 0.34% | ▼ 0.16% | ▲ 0.05% |
| Energy | ▼ 11.3 | ▼ 10.7 | ▼ 3.4 | ▲ 1.0 |
Trend of Bear Bias EURAUD Daily
▸When EURAUD is in Bear Bias:
- then EURAUD moved to higher Market State: 220 times — 69%
- then EURAUD moved to lower Market State: 99 times — 31%
▸Current EURAUD market energy: -56.52%
- Distance to upper bound of Bear Bias (at -20.88%): 35.64%
- Distance to lower bound of Bear Bias (at -60%): 3.48%
"To truly understand anything, study its history" — 2AITRADING
Observing the completed Daily candle, EURAUD in the energy level leaning Bear.
The EURAUD market at session end, A +1% change from the previous candle, Market Energy is now -56.5% (previous: -57.6%).
Time in Bear Bias energy zone: 5 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, EURAUD Market Energy ranged from -57.6 to -32.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURAUD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 29-01-2023 closed, EURAUD was at 1.5296, up 0.05% from the previous candle (1.5289). Market Energy was -56.5%, up 1.0 points from -57.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURAUD price move on this Daily candle, and how large is that historically?
EURAUD closed at 1.5296, up 0.05% from the previous Daily candle (1.5289). This rise is larger than 12% of past rises on the Daily timeframe for EURAUD, across 1,274 candles since 2019.
How did EURAUD Market Energy change from the previous candle?
Market Energy rose 1 percentage points from the previous candle — from -57.6% to -56.5%. This rise is larger than 6% of past rises on the Daily timeframe for EURAUD.
Do EURAUD price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was EURAUD in on the previous Daily candle?
The previous Daily candle had EURAUD at -57.6%, Bear Bias — this candle kept the same state, no zone change.
Where does EURAUD energy sit within the Bear Bias zone?
At -56.5%, EURAUD is 35.64 points from the upper boundary of Bear Bias (-20.88%) and 3.48 points from the lower boundary (-60%) — so energy sits closer to the lower 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 27.5%; GER40 (European equities) in Neutral with energy -0.5%. Against this backdrop, EURAUD (Bear Bias, -56.5%) 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 Bias with Market Energy 27.4%. EURAUD (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for EURAUD.
Open Energy ChartSee the full 2AiTrading Model data for EURAUD on the EURAUD overview →
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