·
| Price | ▲ 0.04% | ▲ 0.07% | ▲ 0.01% | ▼ 0.05% |
| Energy | ▲ 0.7 | ▲ 14.5 | ▲ 6.9 | ▼ 8.3 |
Trend of Neutral EURGBP 1H
▸When EURGBP is in Neutral:
- then EURGBP moved to higher Market State: 2,904 times — 48.8%
- then EURGBP moved to lower Market State: 3,046 times — 51.2%
▸Current EURGBP market energy: 8.27%
- Distance to upper bound of Neutral (at 20.88%): 12.61%
- Distance to lower bound of Neutral (at -20.88%): 29.15%
"A person's history reveals more than you might think" — 2AITRADING
Once measurement on the 1H timeframe completes, EURGBP noted at balanced trend energy.
End-of-session update for 1H, A -8.3% change from the previous candle, Market Energy is now 8.3% (previous: 16.5%).
Time in Neutral energy zone: 11 1H 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 -90.8 to +66.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURGBP price and energy show when this 1H candle closed?
When the 1H candle at 03:00 on 23-10-2020 closed, EURGBP was at 0.90337, down 0.05% from the previous candle (0.90383). Market Energy was 8.3%, down 8.3 points from 16.5%, 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 1H candle, and how large is that historically?
EURGBP closed at 0.90337, down 0.05% from the previous 1H candle (0.90383). This drop is larger than 58% of past drops on the 1H timeframe for EURGBP, across 11,321 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 8.3 percentage points from the previous candle — from 16.5% to 8.3%. This drop is larger than 52% of past drops on the 1H timeframe for EURGBP.
Do EURGBP price and energy agree?
Yes. Both price and energy moved down 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 1H candle?
The previous 1H candle had EURGBP at 16.5%, Neutral — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Neutral zone?
At 8.3%, EURGBP is 12.61 points from the upper boundary of Neutral (20.88%) and 29.15 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 66%; GER40 (European equities) in Bull Critical with energy 65.8%. Against this backdrop, EURGBP (Neutral, 8.3%) 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 Bull Bias with Market Energy 38.3%. EURGBP energy is currently below DXY by 30 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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