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| Price | ▲ 0.25% | ▼ 0.11% | ▲ 0.59% | ▼ 0.66% |
| Energy | ▼ 4.1 | ▼ 2.5 | ▲ 6.9 | ▼ 25.5 |
Trend of Bull Bias EURNZD Daily
▸When EURNZD is in Bull Bias:
- then EURNZD moved to higher Market State: 96 times — 30.6%
- then EURNZD moved to lower Market State: 218 times — 69.4%
▸Current EURNZD market energy: 42.18%
- Distance to upper bound of Bull Bias (at 60%): 17.82%
- Distance to lower bound of Bull Bias (at 20.88%): 21.3%
"Why does archaeology matter?" — 2AITRADING
Following the completion of the Daily candle, EURNZD within the energy state tilted toward Bull.
Market trend on the 2AiTrading energy system Market Energy dropped -25.5% from the previous candle, from 67.7% to 42.2%.
Time in Bull 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 +42.2 to +67.7.
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 23-01-2024 closed, EURNZD was at 1.7791, down 0.66% from the previous candle (1.791). Market Energy was 42.2%, down 25.5 points from 67.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURNZD price move on this Daily candle, and how large is that historically?
EURNZD closed at 1.7791, down 0.66% from the previous Daily candle (1.791). This drop is larger than 86% of past drops on the Daily timeframe for EURNZD, across 1,579 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 25.5 percentage points from the previous candle — from 67.7% to 42.2%. This drop is larger than 84% of past drops on the Daily timeframe for EURNZD.
Do EURNZD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 67.7%, Bull Critical — when this candle closed, EURNZD moved down to a lower zone: Bull Critical → Bull Bias.
Where does EURNZD energy sit within the Bull Bias zone?
At 42.2%, EURNZD is 17.82 points from the upper boundary of Bull Bias (60%) and 21.3 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 Neutral with energy 11.4%; GER40 (European equities) in Bull Bias with energy 59.2%. Against this backdrop, EURNZD (Bull Bias, 42.2%) has higher energy than SPX500; sits in the same state zone as 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 Bull Bias with Market Energy 28.3%. EURNZD (Bull Bias) and DXY currently sit on the same Bull 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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