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Trend of Bear Bias EURAUD Weekly
▸When EURAUD is in Bear Bias:
- then EURAUD moved to higher Market State: 38 times — 84.4%
- then EURAUD moved to lower Market State: 7 times — 15.6%
▸Current EURAUD market energy: -42.82%
- Distance to upper bound of Bear Bias (at -20.88%): 21.94%
- Distance to lower bound of Bear Bias (at -60%): 17.18%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Weekly candle closes, EURAUD currently in the energy state leaning Bear.
End-of-session update for Weekly, Market Energy reading rose +2.5%, moving from -45.3% to -42.8% after the Weekly candle.
Time in Bear Bias energy zone: 2 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURAUD on Weekly when this candle closed?
When the Weekly candle at 07:00 on 06-05-2024 closed, EURAUD was in Bear Bias with Market Energy -42.8%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURAUD Market Energy change from the previous candle?
Market Energy rose 2.5 percentage points from the previous candle — from -45.3% to -42.8%.
What state was EURAUD in on the previous Weekly candle?
The previous Weekly candle had EURAUD at -45.3%, Bear Bias — this candle kept the same state, no zone change.
Where does EURAUD energy sit within the Bear Bias zone?
At -42.8%, EURAUD is 21.94 points from the upper boundary of Bear Bias (-20.88%) and 17.18 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 Critical with energy 71.5%; GER40 (European equities) in Neutral with energy 11.2%. Against this backdrop, EURAUD (Bear Bias, -42.8%) 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 Neutral with Market Energy -8.6%. EURAUD energy is currently below DXY by 34.2 points.
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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