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EURGBP is currently controlled by sellers, in the Bear Bias zone. Measured energy: -43.6%.
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: -43.57%
- Distance to upper bound of Bear Bias (at -20.88%): 22.69%
- Distance to lower bound of Bear Bias (at -60%): 16.43%
"Let data guide you, but never trust it completely" — 2AITRADING
The energy state tilted toward Bear determined for EURGBP through the Daily candle data.
Market movement after the Daily candle closes, A -2.7% change from the previous candle, Market Energy is now -43.6% (previous: -40.9%).
Time in Bear Bias energy zone: 17 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 -55.4 to -28.5.
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 21-10-2021 closed, EURGBP was in Bear Bias with Market Energy -43.6%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 2.7 percentage points from the previous candle — from -40.9% to -43.6%.
What state was EURGBP in on the previous Daily candle?
The previous Daily candle had EURGBP at -40.9%, Bear Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bear Bias zone?
At -43.6%, EURGBP is 22.69 points from the upper boundary of Bear Bias (-20.88%) and 16.43 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 Bias with energy 26.1%; GER40 (European equities) in Neutral with energy -5.5%. Against this backdrop, EURGBP (Bear Bias, -43.6%) 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 Bear Critical with Market Energy -73.7%. 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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