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| Price | ▲ 0.10% | ▼ 0.11% | ▼ 0.74% | ▼ 0.11% |
| Energy | ▲ 12.0 | ▼ 11.6 | ▼ 39.9 | ▼ 15.3 |
Trend of Bear Extreme EURNZD Daily
▸When EURNZD is in Bear Extreme:
- then EURNZD moved to higher Market State: 32 times — 100%
- then EURNZD moved to lower Market State: 0 times — 0%
▸Current EURNZD market energy: -84.02%
- Distance to upper bound of Bear Extreme (at -74.5%): 9.52%
- Distance to bottom -100%: 15.98%
"Why does archaeology matter?" — 2AITRADING
Right as the Daily candle closes, EURNZD reflects Bear trend energy in an unusual reading.
Market energy measurement Market Energy moved from -68.7% to -84%, down -15.3% from the previous candle.
Time in Bear Extreme 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 -84 to -17.2.
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 16-05-2024 closed, EURNZD was at 1.7747, down 0.11% from the previous candle (1.7765). Market Energy was -84%, down 15.3 points from -68.7%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did EURNZD price move on this Daily candle, and how large is that historically?
EURNZD closed at 1.7747, down 0.11% from the previous Daily candle (1.7765). This drop is larger than 25% of past drops on the Daily timeframe for EURNZD, across 1,677 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 15.3 percentage points from the previous candle — from -68.7% to -84%. This drop is larger than 62% 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 -68.7%, Bear Critical — when this candle closed, EURNZD moved down to a lower zone: Bear Critical → Bear Extreme.
Where does EURNZD energy sit within the Bear Extreme zone?
At -84%, EURNZD is 9.52 points from the upper boundary of Bear Extreme (-74.5%) and 15.98 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 91.9%; GER40 (European equities) in Bull Critical with energy 73.2%. Against this backdrop, EURNZD (Bear Extreme, -84%) 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 -86.3%. EURNZD (Bear Extreme) 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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