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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: 24.03%
- Distance to upper bound of Bull Bias (at 60%): 35.97%
- Distance to lower bound of Bull Bias (at 20.88%): 3.15%
"Why does archaeology matter?" — 2AITRADING
From the just-closed 1H candle data, EURGBP currently in the energy state tilted toward Bull.
On the measurement side, Market Energy at 24%, up +68% from -44% in the previous candle.
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 -71.5 to +91.6.
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 13:00 on 24-07-2023 closed, EURGBP was in Bull Bias with Market Energy 24%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURGBP Market Energy change from the previous candle?
Market Energy rose 68 percentage points from the previous candle — from -44% to 24%.
What state was EURGBP in on the previous 1H candle?
The previous 1H candle had EURGBP at -44%, Bear Bias — when this candle closed, EURGBP moved up to a higher zone: Bear Bias → Bull Bias.
Where does EURGBP energy sit within the Bull Bias zone?
At 24%, EURGBP is 35.97 points from the upper boundary of Bull Bias (60%) and 3.15 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 -44.4%; GER40 (European equities) in Bear Critical with energy -61.9%. Against this backdrop, EURGBP (Bull Bias, 24%) 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 Bear Bias with Market Energy -36.7%. 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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