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| Price | ▲ 0.18% | ▲ 0.05% | ▼ 0.22% | ▼ 0.12% |
| Energy | ▲ 34.5 | ▲ 52.7 | ▼ 74.8 | ▼ 38.5 |
Trend of Bear Critical EURJPY 1H
▸When EURJPY is in Bear Critical:
- then EURJPY moved to higher Market State: 2,374 times — 71.5%
- then EURJPY moved to lower Market State: 948 times — 28.5%
▸Current EURJPY market energy: -68.75%
- Distance to upper bound of Bear Critical (at -60%): 8.75%
- Distance to lower bound of Bear Critical (at -74.5%): 5.75%
"To truly understand anything, study its history" — 2AITRADING
Reading from the 1H candle, Result for EURJPY: the Bear Critical zone.
Looking at the Market Energy reading, Energy delta -38.5%: Market Energy at -68.8%, previously -30.3%.
Time in Bear Critical 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 -99.9 to +93.3.
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 08:00 on 29-07-2024 closed, EURJPY was at 166.73, down 0.12% from the previous candle (166.928). Market Energy was -68.8%, down 38.5 points from -30.3%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did EURJPY price move on this 1H candle, and how large is that historically?
EURJPY closed at 166.73, down 0.12% from the previous 1H candle (166.928). This drop is larger than 83% of past drops on the 1H timeframe for EURJPY, across 34,745 candles since 2019.
How did EURJPY Market Energy change from the previous candle?
Market Energy fell 38.5 percentage points from the previous candle — from -30.3% to -68.8%. This drop is larger than 88% of past drops on the 1H timeframe for EURJPY.
Do EURJPY price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 -30.3%, Bear Bias — when this candle closed, EURJPY moved down to a lower zone: Bear Bias → Bear Critical.
Where does EURJPY energy sit within the Bear Critical zone?
At -68.8%, EURJPY is 8.75 points from the upper boundary of Bear Critical (-60%) and 5.75 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 55.2%; GER40 (European equities) in Bull Extreme with energy 93.8%. Against this backdrop, EURJPY (Bear Critical, -68.8%) 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 Critical with Market Energy -66.6%. EURJPY (Bear Critical) and DXY currently sit on the same Bear side.
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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