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| Price | ▲ 0.15% | ▼ 0.53% | ▲ 0.78% | ▲ 0.18% |
| Energy | ▲ 9.1 | ▼ 26.2 | ▲ 12.6 | ▲ 16.0 |
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: 46.72%
- Distance to upper bound of Bull Bias (at 60%): 13.28%
- Distance to lower bound of Bull Bias (at 20.88%): 25.84%
"To truly understand anything, study its history" — 2AITRADING
Once measurement on the Weekly timeframe completes, EURGBP shows the Bull Bias state.
The energy side shows Market Energy moved from 30.8% to 46.7%, up +16% from the previous candle.
Time in Bull 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 did EURGBP price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 13-11-2023 closed, EURGBP was at 0.87572, up 0.18% from the previous candle (0.87417). Market Energy was 46.7%, up 16.0 points from 30.8%, 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 0.87572, up 0.18% from the previous Weekly candle (0.87417). This rise is larger than 20% of past rises on the Weekly timeframe for EURGBP, across 289 candles since 2019.
How did EURGBP Market Energy change from the previous candle?
Market Energy rose 16 percentage points from the previous candle — from 30.8% to 46.7%. This rise is larger than 71% of past rises on the Weekly timeframe for EURGBP.
Do EURGBP price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was EURGBP in on the previous Weekly candle?
The previous Weekly candle had EURGBP at 30.8%, Bull Bias — this candle kept the same state, no zone change.
Where does EURGBP energy sit within the Bull Bias zone?
At 46.7%, EURGBP is 13.28 points from the upper boundary of Bull Bias (60%) and 25.84 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bull Bias with energy 58.2%; GER40 (European equities) in Neutral with energy -15.4%. Against this backdrop, EURGBP (Bull Bias, 46.7%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Neutral with Market Energy -1.8%. EURGBP energy is currently above DXY by 48.5 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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