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| Price | ▲ 0.57% | ▼ 0.41% | ▼ 0.08% | ▲ 0.75% |
| Energy | ▲ 10.2 | ▼ 6.2 | ▼ 14.5 | ▼ 0.5 |
Trend of Bull Bias EURGBP Weekly
▸When EURGBP is in Bull Bias:
- then EURGBP moved to higher Market State: 8 times — 16.7%
- then EURGBP moved to lower Market State: 40 times — 83.3%
▸Current EURGBP market energy: 33.23%
- Distance to upper bound of Bull Bias (at 60%): 26.77%
- Distance to lower bound of Bull Bias (at 20.88%): 12.35%
"Let data guide you, but never trust it completely" — 2AITRADING
Trend energy leaning Bull determined for EURGBP through the Weekly candle data.
On the 2AiTrading energy system, Compared to the previous candle (33.7%), Market Energy dropped -0.5% to 33.2%.
Time in Bull Bias energy zone: 20 Weekly 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 +33.2 to +33.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURGBP price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 28-08-2017 closed, EURGBP was at 0.9064, up 0.75% from the previous candle (0.89963). Market Energy was 33.2%, down 0.5 points from 33.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURGBP price move on this Weekly candle, and how large is that historically?
EURGBP closed at 0.9064, up 0.75% from the previous Weekly candle (0.89963).
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 0.5 percentage points from the previous candle — from 33.7% to 33.2%.
Do EURGBP price and energy agree?
No. Price moved up while 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 Weekly candle?
The previous Weekly candle had EURGBP at 33.7%, Bull Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bull Bias zone?
At 33.2%, EURGBP is 26.77 points from the upper boundary of Bull Bias (60%) and 12.35 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 Critical with energy -64%; GER40 (European equities) in Bear Critical with energy -60.5%. Against this backdrop, EURGBP (Bull Bias, 33.2%) 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 -56.7%. 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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