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| Price | ▲ 0.04% | ▼ 0.02% | ▼ 0.00% | ▼ 0.13% |
| Energy | ▲ 18.9 | ▼ 5.1 | ▼ 4.4 | ▼ 85.7 |
Trend of Bear Bias EURJPY 1H
▸When EURJPY is in Bear Bias:
- then EURJPY moved to higher Market State: 3,419 times — 62.8%
- then EURJPY moved to lower Market State: 2,024 times — 37.2%
▸Current EURJPY market energy: -42.39%
- Distance to upper bound of Bear Bias (at -20.88%): 21.51%
- Distance to lower bound of Bear Bias (at -60%): 17.61%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
From the just-closed 1H candle data, EURJPY shows Bear Bias of Market Energy.
Looking at the Market Energy reading, Market Energy reading dropped -85.7%, moving from 43.3% to -42.4% after the 1H candle.
Time in Bear Bias energy zone: 1 1H 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, EURJPY Market Energy ranged from -42.4 to +97.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURJPY price and energy show when this 1H candle closed?
When the 1H candle at 11:00 on 17-07-2024 closed, EURJPY was at 172.507, down 0.13% from the previous candle (172.734). Market Energy was -42.4%, down 85.7 points from 43.3%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURJPY price move on this 1H candle, and how large is that historically?
EURJPY closed at 172.507, down 0.13% from the previous 1H candle (172.734). This drop is larger than 86% of past drops on the 1H timeframe for EURJPY, across 34,556 candles since 2019.
How did EURJPY Market Energy change from the previous candle?
Market Energy fell 85.7 percentage points from the previous candle — from 43.3% to -42.4%. This drop is larger than 98% of past drops on the 1H timeframe for EURJPY.
Do EURJPY price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was EURJPY in on the previous 1H candle?
The previous 1H candle had EURJPY at 43.3%, Bull Bias — when this candle closed, EURJPY moved down to a lower zone: Bull Bias → Bear Bias.
Where does EURJPY energy sit within the Bear Bias zone?
At -42.4%, EURJPY is 21.51 points from the upper boundary of Bear Bias (-20.88%) and 17.61 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 Bias with energy 59.9%; GER40 (European equities) in Bull Critical with energy 68.9%. Against this backdrop, EURJPY (Bear Bias, -42.4%) 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 Neutral with Market Energy -14.6%. EURJPY energy is currently below DXY by 27.8 points.
See the real-time energy chart for EURJPY.
Open Energy ChartSee the full 2AiTrading Model data for EURJPY on the EURJPY overview →
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