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Trend of Bear Bias EURGBP Weekly
▸When EURGBP is in Bear Bias:
- then EURGBP moved to higher Market State: 52 times — 82.5%
- then EURGBP moved to lower Market State: 11 times — 17.5%
▸Current EURGBP market energy: -39.5%
- Distance to upper bound of Bear Bias (at -20.88%): 18.62%
- Distance to lower bound of Bear Bias (at -60%): 20.5%
"Why does archaeology matter?" — 2AITRADING
Once measurement on the Weekly timeframe completes, EURGBP within the Market Energy state leaning Bear.
On the 2AiTrading energy system, The energy level dropped -16.4%: from -23.1% now at -39.5%.
Time in Bear Bias energy zone: 2 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 -39.5 to -23.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURGBP on Weekly when this candle closed?
When the Weekly candle at 07:00 on 29-04-2019 closed, EURGBP was in Bear Bias with Market Energy -39.5%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 16.4 percentage points from the previous candle — from -23.1% to -39.5%.
What state was EURGBP in on the previous Weekly candle?
The previous Weekly candle had EURGBP at -23.1%, Bear Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bear Bias zone?
At -39.5%, EURGBP is 18.62 points from the upper boundary of Bear Bias (-20.88%) and 20.5 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Critical with energy 74.1%; GER40 (European equities) in Bull Bias with energy 53.7%. Against this backdrop, EURGBP (Bear Bias, -39.5%) 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 Bear Bias with Market Energy -44.6%. EURGBP (Bear Bias) and DXY currently sit on the same Bear side.
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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