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| Price | ▼ 0.04% | ▼ 0.11% | ▼ 0.47% | ▼ 0.74% |
| Energy | ▼ 0.9 | ▼ 5.8 | ▼ 34.2 | ▼ 73.5 |
Trend of Neutral EURNZD Daily
▸When EURNZD is in Neutral:
- then EURNZD moved to higher Market State: 209 times — 47.5%
- then EURNZD moved to lower Market State: 231 times — 52.5%
▸Current EURNZD market energy: -19.61%
- Distance to upper bound of Neutral (at 20.88%): 40.49%
- Distance to lower bound of Neutral (at -20.88%): 1.27%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Daily candle, Result for EURNZD: the balanced energy level.
Market energy movement Market Energy dropped -73.5% from the previous session, from 53.9% to -19.6%.
Time in Neutral 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 -19.6 to +94.7.
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 31-07-2024 closed, EURNZD was at 1.8187, down 0.74% from the previous candle (1.8323). Market Energy was -19.6%, down 73.5 points from 53.9%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURNZD price move on this Daily candle, and how large is that historically?
EURNZD closed at 1.8187, down 0.74% from the previous Daily candle (1.8323). This drop is larger than 90% of past drops on the Daily timeframe for EURNZD, across 1,742 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 73.5 percentage points from the previous candle — from 53.9% to -19.6%. This is the largest of all drops on the Daily timeframe for EURNZD on record since 2019.
Do EURNZD price and energy agree?
Yes. Both price and 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 53.9%, Bull Bias — when this candle closed, EURNZD moved down to a lower zone: Bull Bias → Neutral.
Where does EURNZD energy sit within the Neutral zone?
At -19.6%, EURNZD is 40.49 points from the upper boundary of Neutral (20.88%) and 1.27 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Bias with energy -46.3%; GER40 (European equities) in Bull Bias with energy 27.8%. Against this backdrop, EURNZD (Neutral, -19.6%) 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 Bear Critical with Market Energy -66%. EURNZD energy is currently above DXY by 46.4 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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