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| Price | ▼ 0.02% | ▲ 0.03% | ▼ 0.79% | ▲ 0.23% |
| Energy | ▼ 1.9 | ▲ 5.8 | ▼ 22.2 | ▼ 1.5 |
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: -44.85%
- Distance to upper bound of Bear Bias (at -20.88%): 23.97%
- Distance to lower bound of Bear Bias (at -60%): 15.15%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Daily candle closes, EURNZD noted at Bear Bias.
Looking at the Market Energy reading, Market Energy dropped -1.5% this candle, currently -44.8% (previous candle -43.3%).
Time in Bear Bias energy zone: 6 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 -44.8 to -21.1.
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 11-12-2022 closed, EURNZD was at 1.6459, up 0.23% from the previous candle (1.6422). Market Energy was -44.8%, down 1.5 points from -43.3%, 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 1.6459, up 0.23% from the previous Daily candle (1.6422). This rise is larger than 50% of past rises on the Daily timeframe for EURNZD, across 1,233 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 1.5 percentage points from the previous candle — from -43.3% to -44.8%. This drop is larger than 7% of past drops on the Daily timeframe for EURNZD.
Do EURNZD price and energy agree?
No. Price moved up while energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was EURNZD in on the previous Daily candle?
The previous Daily candle had EURNZD at -43.3%, Bear Bias — this candle kept the same state, no zone change.
Where does EURNZD energy sit within the Bear Bias zone?
At -44.8%, EURNZD is 23.97 points from the upper boundary of Bear Bias (-20.88%) and 15.15 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 Bear Extreme with energy -82.2%; GER40 (European equities) in Neutral with energy -0.1%. Against this backdrop, EURNZD (Bear Bias, -44.8%) has higher energy than SPX500; lower than 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 15%. EURNZD energy is currently below DXY by 59.8 points.
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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