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| Price | ▲ 0.23% | ▲ 0.69% | ▼ 0.50% | ▼ 0.11% |
| Energy | ▲ 16.2 | ▲ 34.9 | ▼ 11.0 | ▼ 17.4 |
Trend of Bear Bias EURNZD Daily
▸When EURNZD is in Bear Bias:
- then EURNZD moved to higher Market State: 235 times — 73.9%
- then EURNZD moved to lower Market State: 83 times — 26.1%
▸Current EURNZD market energy: -22.29%
- Distance to upper bound of Bear Bias (at -20.88%): 1.41%
- Distance to lower bound of Bear Bias (at -60%): 37.71%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed Daily candle, EURNZD recorded in the Bear Bias level.
Looking at the Market Energy reading, The energy level dropped -17.4%: from -4.9% now at -22.3%.
Time in Bear Bias energy zone: 1 Daily 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, EURNZD Market Energy ranged from -50 to +6.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURNZD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 11-11-2022 closed, EURNZD was at 1.692, down 0.11% from the previous candle (1.6938). Market Energy was -22.3%, down 17.4 points from -4.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURNZD price move on this Daily candle, and how large is that historically?
EURNZD closed at 1.692, down 0.11% from the previous Daily candle (1.6938). This drop is larger than 25% of past drops on the Daily timeframe for EURNZD, across 1,208 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 17.4 percentage points from the previous candle — from -4.9% to -22.3%. This drop is larger than 69% of past drops on the Daily timeframe for EURNZD.
Do EURNZD 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 EURNZD in on the previous Daily candle?
The previous Daily candle had EURNZD at -4.9%, Neutral — when this candle closed, EURNZD moved down to a lower zone: Neutral → Bear Bias.
Where does EURNZD energy sit within the Bear Bias zone?
At -22.3%, EURNZD is 1.41 points from the upper boundary of Bear Bias (-20.88%) and 37.71 points from the lower boundary (-60%) — so energy sits closer to the upper 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 94.9%; GER40 (European equities) in Bull Extreme with energy 91%. Against this backdrop, EURNZD (Bear Bias, -22.3%) 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 Extreme with Market Energy -93.6%. EURNZD (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for EURNZD.
Open Energy ChartSee the full 2AiTrading Model data for EURNZD on the EURNZD overview →
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