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Trend of Bull Bias EURAUD 1H
▸When EURAUD is in Bull Bias:
- then EURAUD moved to higher Market State: 1,277 times — 28.7%
- then EURAUD moved to lower Market State: 3,170 times — 71.3%
▸Current EURAUD market energy: 47.85%
- Distance to upper bound of Bull Bias (at 60%): 12.15%
- Distance to lower bound of Bull Bias (at 20.88%): 26.97%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
EURAUD classified into the Bull Bias level after the 1H candle completed.
Market trend update: The energy level rose +18.5%: from 29.4% now at 47.8%.
Time in Bull Bias energy zone: 2 1H 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 -91.2 to +86.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURAUD on 1H when this candle closed?
When the 1H candle at 22:00 on 08-03-2024 closed, EURAUD was in Bull Bias with Market Energy 47.8%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURAUD Market Energy change from the previous candle?
Market Energy rose 18.5 percentage points from the previous candle — from 29.4% to 47.8%.
What state was EURAUD in on the previous 1H candle?
The previous 1H candle had EURAUD at 29.4%, Bull Bias — this candle kept the same state, no zone change.
Where does EURAUD energy sit within the Bull Bias zone?
At 47.8%, EURAUD is 12.15 points from the upper boundary of Bull Bias (60%) and 26.97 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bull Extreme with energy 92.1%; GER40 (European equities) in Neutral with energy 15.6%. Against this backdrop, EURAUD (Bull Bias, 47.8%) has higher energy than GER40; lower than 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 Bear Bias with Market Energy -57.6%. EURAUD (Bull 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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