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EURGBP is currently controlled by sellers, in the Bear Bias zone. Measured energy: -59.3%.
See the full 2AiTrading Model data for EURGBP on the EURGBP overview →
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UP–DOWN statistics for Bear Bias EURGBP Daily
▸When EURGBP is in Bear Bias:
- then EURGBP moved to higher Market State: 246 times — 76.9%
- then EURGBP moved to lower Market State: 74 times — 23.1%
▸Current EURGBP market energy: -59.35%
- Distance to upper bound of Bear Bias (at -20.88%): 38.47%
- Distance to lower bound of Bear Bias (at -60%): 0.65%
"A person's history reveals more than you might think" — 2AITRADING
After the Daily session ends, Market EURGBP in the Bear Bias state.
On the energy side, Market Energy moved from -61.1% to -59.3%, up +1.8% from the previous candle.
Time in Bear Bias 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 -66.2 to -35.1.
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 08-02-2021 closed, EURGBP was in Bear Bias with Market Energy -59.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURGBP Market Energy change from the previous candle?
Market Energy rose 1.8 percentage points from the previous candle — from -61.1% to -59.3%.
What state was EURGBP in on the previous Daily candle?
The previous Daily candle had EURGBP at -61.1%, Bear Critical — when this candle closed, EURGBP moved up to a higher zone: Bear Critical → Bear Bias.
Where does EURGBP energy sit within the Bear Bias zone?
At -59.3%, EURGBP is 38.47 points from the upper boundary of Bear Bias (-20.88%) and 0.65 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 62.5%; GER40 (European equities) in Bear Bias with energy -28.7%. Against this backdrop, EURGBP (Bear Bias, -59.3%) lower than SPX500; sits in the same state zone as 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 Bear Bias with Market Energy -51.8%. EURGBP (Bear Bias) and DXY currently sit on the same Bear side.
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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