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| Price | ▲ 0.07% | ▲ 0.00% | ▲ 0.06% | ▲ 0.21% |
| Energy | ▲ 18.9 | ▲ 0.2 | ▲ 2.8 | ▲ 10.2 |
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: 38.12%
- Distance to upper bound of Bull Bias (at 60%): 21.88%
- Distance to lower bound of Bull Bias (at 20.88%): 17.24%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Daily candle, EURGBP recorded in the energy state tilted toward Bull.
Market trend on the 2AiTrading energy system Market trend energy recorded a +10.2% rise from the previous candle, from 27.9% to 38.1%.
Time in Bull Bias 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 +6 to +38.1.
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 09-08-2022 closed, EURGBP was at 0.84565, up 0.21% from the previous candle (0.84389). Market Energy was 38.1%, up 10.2 points from 27.9%, 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 0.84565, up 0.21% from the previous Daily candle (0.84389). This rise is larger than 54% of past rises on the Daily timeframe for EURGBP, across 1,127 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy rose 10.2 percentage points from the previous candle — from 27.9% to 38.1%. This rise is larger than 51% of past rises on the Daily timeframe for EURGBP.
Do EURGBP price and energy agree?
Yes. On this candle price rose and energy rose — 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 27.9%, Bull Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bull Bias zone?
At 38.1%, EURGBP is 21.88 points from the upper boundary of Bull Bias (60%) and 17.24 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 Bear Bias with energy -27.9%; GER40 (European equities) in Neutral with energy -14.3%. Against this backdrop, EURGBP (Bull Bias, 38.1%) has higher energy 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 Bias with Market Energy 26.9%. EURGBP (Bull Bias) and DXY currently sit on the same Bull 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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