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EURGBP is currently controlled by buyers, in the Bull Bias zone. Measured energy: +54.0%.
See the full 2AiTrading Model data for EURGBP on the EURGBP overview →
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UP–DOWN statistics for Bull Bias EURGBP Daily
▸When EURGBP is in Bull Bias:
- then EURGBP moved to higher Market State: 78 times — 25.2%
- then EURGBP moved to lower Market State: 231 times — 74.8%
▸Current EURGBP market energy: 54.02%
- Distance to upper bound of Bull Bias (at 60%): 5.98%
- Distance to lower bound of Bull Bias (at 20.88%): 33.14%
"Why does archaeology matter?" — 2AITRADING
As the Daily candle completes, Market EURGBP in the energy zone leaning Bull.
Per the 2AiTrading energy measurement system, Market Energy at 54%, down -4.7% from 58.8% in the previous candle.
Time in Bull Bias energy zone: 3 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, EURGBP Market Energy ranged from +50.4 to +73.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURGBP on Daily when this candle closed?
When the Daily candle at 07:00 on 21-05-2020 closed, EURGBP was in Bull Bias with Market Energy 54%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 4.7 percentage points from the previous candle — from 58.8% to 54%.
What state was EURGBP in on the previous Daily candle?
The previous Daily candle had EURGBP at 58.8%, Bull Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bull Bias zone?
At 54%, EURGBP is 5.98 points from the upper boundary of Bull Bias (60%) and 33.14 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 Bias with energy 22.1%; GER40 (European equities) in Bull Critical with energy 62.8%. Against this backdrop, EURGBP (Bull Bias, 54%) lower 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 Bear Bias with Market Energy -24%. EURGBP (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for EURGBP.
Open Energy ChartSee the full 2AiTrading Model data for EURGBP on the EURGBP overview →
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