Analysis

·

Candle close
Price and energy
EURGBP from 0.87104 to 0.87052, down 0.06%
Market Energy Bull Extreme 84.7% to Bull Critical 70.2%, down 14.5 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 0.10%▲ 0.07%▲ 0.09%▼ 0.06%
Energy▲ 20.4▲ 18.2▼ 0.6▼ 14.5
Volatility trend chart · last 4 sessions
▲ 0.10%▲ 0.07%▲ 0.09%▼ 0.06%▲ 20.4▲ 18.2▼ 0.6▼ 14.5
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.06% — higher than 66% of past drops
0%255075100%
Energy down 14.5 pts — higher than 70% of past drops
RESEARCH

Trend of Bull Critical EURGBP 1H

Sample: 58,250 1H candles from 2017-05-01 to 2026-10-09
Number of Bull Critical occurrences: 1,481 times

▸When EURGBP is in Bull Critical:

  • then EURGBP moved to higher Market State: 389 times — 26.3%
  • then EURGBP moved to lower Market State: 1,092 times — 73.7%

▸Current EURGBP market energy: 70.17%

  • Distance to upper bound of Bull Critical (at 74.5%): 4.33%
  • Distance to lower bound of Bull Critical (at 60%): 10.17%

"Let data guide you, but never trust it completely" — 2AITRADING

EURGBP · H1 · 2023-10-19 10:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
84.7%
Bull Extreme
70.2%
Bull Critical
65.8%
Bull Critical
Zone
60 – 74.5
Bias
Buyers in control
Explanation

The Bull Critical state recorded from just-completed 1H candle data for EURGBP.

On trend energy, Market Energy at 70.2%, down -14.5% from 84.7% in the previous candle.

Time in Bull Critical energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, EURGBP Market Energy ranged from -57.2 to +93.9.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did EURGBP price and energy show when this 1H candle closed?

When the 1H candle at 17:00 on 19-10-2023 closed, EURGBP was at 0.87052, down 0.06% from the previous candle (0.87104). Market Energy was 70.2%, down 14.5 points from 84.7%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.

How much did EURGBP price move on this 1H candle, and how large is that historically?

EURGBP closed at 0.87052, down 0.06% from the previous 1H candle (0.87104). This drop is larger than 66% of past drops on the 1H timeframe for EURGBP, across 29,975 candles since 2019.

How did EURGBP Market Energy change from the previous candle?

Market Energy fell 14.5 percentage points from the previous candle — from 84.7% to 70.2%. This drop is larger than 70% of past drops on the 1H timeframe for EURGBP.

Do EURGBP price and energy agree?

Yes. On this candle price fell and energy fell — 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 1H candle?

The previous 1H candle had EURGBP at 84.7%, Bull Extreme — when this candle closed, EURGBP moved down to a lower zone: Bull Extreme → Bull Critical.

Where does EURGBP energy sit within the Bull Critical zone?

At 70.2%, EURGBP is 4.33 points from the upper boundary of Bull Critical (74.5%) and 10.17 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.

What does Bull Critical mean?

Bull Critical 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 Critical 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 Extreme with energy 79%; GER40 (European equities) in Bull Extreme with energy 74.8%. Against this backdrop, EURGBP (Bull Critical, 70.2%) 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 Neutral with Market Energy -8%. EURGBP energy is currently above DXY by 78.1 points.

Real-time Energy Chart

See the real-time energy chart for EURGBP.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for EURGBP on the EURGBP overview →

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