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| Price | ▼ 0.29% | ▲ 0.41% | ▼ 0.34% | ▼ 0.10% |
| Energy | ▼ 28.3 | ▲ 22.1 | ▼ 11.7 | ▼ 10.9 |
Trend of Neutral EURGBP Daily
▸When EURGBP is in Neutral:
- then EURGBP moved to higher Market State: 228 times — 48.8%
- then EURGBP moved to lower Market State: 239 times — 51.2%
▸Current EURGBP market energy: -7.75%
- Distance to upper bound of Neutral (at 20.88%): 28.63%
- Distance to lower bound of Neutral (at -20.88%): 13.13%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily data updates, EURGBP recorded in the balanced trend energy zone.
On the 2AiTrading energy system, Market Energy at -7.7%, down -10.9% from 3.2% in the previous candle.
Time in Neutral energy zone: 4 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 -7.7 to +21.1.
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 04-07-2021 closed, EURGBP was at 0.85719, down 0.1% from the previous candle (0.85802). Market Energy was -7.7%, down 10.9 points from 3.2%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURGBP price move on this Daily candle, and how large is that historically?
EURGBP closed at 0.85719, down 0.1% from the previous Daily candle (0.85802). This drop is larger than 28% of past drops on the Daily timeframe for EURGBP, across 783 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 10.9 percentage points from the previous candle — from 3.2% to -7.7%. This drop is larger than 52% of past drops on the Daily timeframe for EURGBP.
Do EURGBP price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was EURGBP in on the previous Daily candle?
The previous Daily candle had EURGBP at 3.2%, Neutral — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Neutral zone?
At -7.7%, EURGBP is 28.63 points from the upper boundary of Neutral (20.88%) and 13.13 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 71.6%; GER40 (European equities) in Neutral with energy 19.4%. Against this backdrop, EURGBP (Neutral, -7.7%) 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 Extreme with Market Energy -83.4%. EURGBP energy is currently above DXY by 75.7 points.
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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