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| Price | ▼ 0.12% | ▲ 0.06% | ▼ 0.17% | ▲ 1.08% |
| Energy | ▼ 2.2 | ▲ 1.3 | ▲ 1.6 | ▲ 77.6 |
Trend of Bull Bias EURGBP Daily
▸When EURGBP is in Bull Bias:
- then EURGBP moved to higher Market State: 79 times — 25.2%
- then EURGBP moved to lower Market State: 234 times — 74.8%
▸Current EURGBP market energy: 26.1%
- Distance to upper bound of Bull Bias (at 60%): 33.9%
- Distance to lower bound of Bull Bias (at 20.88%): 5.22%
"Why does archaeology matter?" — 2AITRADING
Reading from the Daily candle, EURGBP currently in the Bull Bias zone.
The energy side shows The energy level rose +77.6%: from -51.5% now at 26.1%.
Time in Bull 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 -54.4 to +26.1.
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 06-04-2021 closed, EURGBP was at 0.85854, up 1.08% from the previous candle (0.84939). Market Energy was 26.1%, up 77.6 points from -51.5%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURGBP price move on this Daily candle, and how large is that historically?
EURGBP closed at 0.85854, up 1.08% from the previous Daily candle (0.84939). This rise is larger than 96% of past rises on the Daily timeframe for EURGBP, across 707 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy rose 77.6 percentage points from the previous candle — from -51.5% to 26.1%. This is the largest of all rises on the Daily timeframe for EURGBP on record since 2019.
Do EURGBP price and energy agree?
Yes. Both price and energy moved up on this candle. 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 -51.5%, Bear Bias — when this candle closed, EURGBP moved up to a higher zone: Bear Bias → Bull Bias.
Where does EURGBP energy sit within the Bull Bias zone?
At 26.1%, EURGBP is 33.9 points from the upper boundary of Bull Bias (60%) and 5.22 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 46.8%; GER40 (European equities) in Neutral with energy 17.3%. Against this backdrop, EURGBP (Bull Bias, 26.1%) has higher energy 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 Extreme with Market Energy -80.4%. 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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