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EURGBP is currently controlled by sellers, in the Bear Bias zone. Measured energy: -41.4%.
See the full 2AiTrading Model data for EURGBP on the EURGBP overview →
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UP–DOWN statistics for 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: -41.44%
- Distance to upper bound of Bear Bias (at -20.88%): 20.56%
- Distance to lower bound of Bear Bias (at -60%): 18.56%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Weekly candle closes, EURGBP classified as Bear Bias of Market Energy.
Market energy measurement Energy delta -13.4%: Market Energy at -41.4%, previously -28%.
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.
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 state was EURGBP on Weekly when this candle closed?
When the Weekly candle at 07:00 on 02-08-2021 closed, EURGBP was in Bear Bias with Market Energy -41.4%, 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 13.4 percentage points from the previous candle — from -28% to -41.4%.
What state was EURGBP in on the previous Weekly candle?
The previous Weekly candle had EURGBP at -28%, Bear Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bear Bias zone?
At -41.4%, EURGBP is 20.56 points from the upper boundary of Bear Bias (-20.88%) and 18.56 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Extreme with energy 82.6%; GER40 (European equities) in Bull Extreme with energy 86.7%. Against this backdrop, EURGBP (Bear Bias, -41.4%) 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 Bull Bias with Market Energy 42.9%. EURGBP (Bear 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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