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Trend of Bull Bias EURGBP 1H
▸When EURGBP is in Bull Bias:
- then EURGBP moved to higher Market State: 1,100 times — 26.7%
- then EURGBP moved to lower Market State: 3,021 times — 73.3%
▸Current EURGBP market energy: 53.21%
- Distance to upper bound of Bull Bias (at 60%): 6.79%
- Distance to lower bound of Bull Bias (at 20.88%): 32.33%
"Why does archaeology matter?" — 2AITRADING
Reading from the 1H candle, EURGBP noted at the Bull Bias state.
The energy side shows Compared to the previous candle (66.5%), Market Energy dropped -13.3% to 53.2%.
Time in Bull Bias energy zone: 1 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 -94.7 to +85.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURGBP on 1H when this candle closed?
When the 1H candle at 23:00 on 06-04-2023 closed, EURGBP was in Bull Bias with Market Energy 53.2%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 13.3 percentage points from the previous candle — from 66.5% to 53.2%.
What state was EURGBP in on the previous 1H candle?
The previous 1H candle had EURGBP at 66.5%, Bull Critical — when this candle closed, EURGBP moved down to a lower zone: Bull Critical → Bull Bias.
Where does EURGBP energy sit within the Bull Bias zone?
At 53.2%, EURGBP is 6.79 points from the upper boundary of Bull Bias (60%) and 32.33 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 56.1%; GER40 (European equities) in Bull Extreme with energy 97.1%. Against this backdrop, EURGBP (Bull Bias, 53.2%) lower 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 Critical with Market Energy -69.5%. 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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