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| Price | ▲ 0.37% | ▲ 0.18% | ▼ 0.35% | ▼ 0.98% |
| Energy | ▼ 7.7 | ▲ 8.7 | ▼ 2.6 | ▼ 23.4 |
Trend of Neutral EURGBP Weekly
▸When EURGBP is in Neutral:
- then EURGBP moved to higher Market State: 39 times — 42.4%
- then EURGBP moved to lower Market State: 53 times — 57.6%
▸Current EURGBP market energy: -14.66%
- Distance to upper bound of Neutral (at 20.88%): 35.54%
- Distance to lower bound of Neutral (at -20.88%): 6.22%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Measurement result after the Weekly candle closes, EURGBP classified as the balanced Bull/Bear state.
Market trend energy Market Energy dropped -23.4% from the previous session, from 8.8% to -14.7%.
Time in Neutral energy zone: 5 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.
Not enough data in the past 5 days to show a range.
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 24-08-2020 closed, EURGBP was at 0.89234, down 0.98% from the previous candle (0.90115). Market Energy was -14.7%, down 23.4 points from 8.8%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURGBP price move on this Weekly candle, and how large is that historically?
EURGBP closed at 0.89234, down 0.98% from the previous Weekly candle (0.90115). This drop is larger than 69% of past drops on the Weekly timeframe for EURGBP, across 121 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy fell 23.4 percentage points from the previous candle — from 8.8% to -14.7%. This drop is larger than 76% of past drops on the Weekly 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 Weekly candle?
The previous Weekly candle had EURGBP at 8.8%, Neutral — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Neutral zone?
At -14.7%, EURGBP is 35.54 points from the upper boundary of Neutral (20.88%) and 6.22 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 74.3%; GER40 (European equities) in Neutral with energy 6.6%. Against this backdrop, EURGBP (Neutral, -14.7%) lower than SPX500; sits in the same state zone as 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 Bull Bias with Market Energy 30.9%. EURGBP energy is currently below DXY by 45.6 points.
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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