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| Price | ▲ 0.08% | ▲ 0.10% | ▼ 0.39% | ▼ 0.26% |
| Energy | ▼ 3.1 | ▲ 10.2 | ▼ 11.6 | ▼ 13.7 |
Trend of Bear Extreme EURGBP Daily
▸When EURGBP is in Bear Extreme:
- then EURGBP moved to higher Market State: 25 times — 100%
- then EURGBP moved to lower Market State: 0 times — 0%
▸Current EURGBP market energy: -75.53%
- Distance to upper bound of Bear Extreme (at -74.5%): 1.03%
- Distance to bottom -100%: 24.47%
"A person's history reveals more than you might think" — 2AITRADING
Observing the completed Daily candle, EURGBP shows the Bear Extreme reading.
The market energy reading Market Energy dropped -13.7% from the previous session, from -61.9% to -75.5%.
Time in Bear Extreme energy zone: 1 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 -75.5 to -50.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURGBP price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 02-09-2020 closed, EURGBP was at 0.88749, down 0.26% from the previous candle (0.88976). Market Energy was -75.5%, down 13.7 points from -61.9%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did EURGBP price move on this Daily candle, and how large is that historically?
EURGBP closed at 0.88749, down 0.26% from the previous Daily candle (0.88976). This drop is larger than 52% of past drops on the Daily timeframe for EURGBP, across 524 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 13.7 percentage points from the previous candle — from -61.9% to -75.5%. This drop is larger than 61% of past drops on the Daily timeframe for EURGBP.
Do EURGBP price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was EURGBP in on the previous Daily candle?
The previous Daily candle had EURGBP at -61.9%, Bear Critical — when this candle closed, EURGBP moved down to a lower zone: Bear Critical → Bear Extreme.
Where does EURGBP energy sit within the Bear Extreme zone?
At -75.5%, EURGBP is 1.03 points from the upper boundary of Bear Extreme (-74.5%) and 24.47 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 93.7%; GER40 (European equities) in Bull Extreme with energy 76.8%. Against this backdrop, EURGBP (Bear Extreme, -75.5%) 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 Critical with Market Energy 68%. EURGBP (Bear Extreme) 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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