Analysis

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Candle close
Price and energy
EURGBP from 0.84732 to 0.84779, up 0.06%
Market Energy Bull Bias 52.6% to Bull Extreme 75.9%, up 23.3 pts
Up candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.02%▼ 0.00%▲ 0.11%▲ 0.06%
Energy▼ 1.7▼ 28.1▲ 30.1▲ 23.3
Volatility trend chart · last 4 sessions
▼ 0.02%▼ 0.00%▲ 0.11%▲ 0.06%▼ 1.7▼ 28.1▲ 30.1▲ 23.3
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price up 0.06% — higher than 66% of past rises
0%255075100%
Energy up 23.3 pts — higher than 84% of past rises
RESEARCH

Trend of Bull Extreme EURGBP 1H

Sample: 58,258 1H candles from 2017-05-01 to 2026-10-09
Number of Bull Extreme occurrences: 661 times

▸When EURGBP is in Bull Extreme:

  • then EURGBP moved to higher Market State: 0 times — 0%
  • then EURGBP moved to lower Market State: 661 times — 100%

▸Current EURGBP market energy: 75.86%

  • Distance to peak 100%: 24.14%
  • Distance to lower bound of Bull Extreme (at 74.5%): 1.36%

"History always repeats itself, one way or another" — 2AITRADING

EURGBP · H1 · 2024-06-24 11:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
52.6%
Bull Bias
75.9%
Bull Extreme
70.6%
Bull Critical
Zone
74.5 – 100
Bias
Buyers in control
Explanation

After the 1H candle closes, EURGBP in the Bull Extreme energy zone.

Market movement after the 1H candle closes, Compared to the previous candle (52.6%), Market Energy rose +23.3% to 75.9%.

Time in Bull Extreme 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 -85 to +75.9.

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 18:00 on 24-06-2024 closed, EURGBP was at 0.84779, up 0.06% from the previous candle (0.84732). Market Energy was 75.9%, up 23.3 points from 52.6%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.

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

EURGBP closed at 0.84779, up 0.06% from the previous 1H candle (0.84732). This rise is larger than 66% of past rises on the 1H timeframe for EURGBP, across 34,176 candles since 2019.

How did EURGBP Market Energy change from the previous candle?

Market Energy rose 23.3 percentage points from the previous candle — from 52.6% to 75.9%. This rise is larger than 84% of past rises on the 1H timeframe for EURGBP.

Do EURGBP price and energy agree?

Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was EURGBP in on the previous 1H candle?

The previous 1H candle had EURGBP at 52.6%, Bull Bias — when this candle closed, EURGBP moved up to a higher zone: Bull Bias → Bull Extreme.

Where does EURGBP energy sit within the Bull Extreme zone?

At 75.9%, EURGBP is 24.14 points from the upper boundary of Bull Extreme (100%) and 1.36 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.

What does Bull Extreme mean?

Bull Extreme 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 Extreme 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 22.6%; GER40 (European equities) in Bull Bias with energy 59.4%. Against this backdrop, EURGBP (Bull Extreme, 75.9%) 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 Extreme with Market Energy -87%. EURGBP (Bull Extreme) and DXY currently sit on opposite sides.

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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