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| Price | ▼ 0.01% | ▼ 0.26% | ▲ 0.19% | ▼ 0.27% |
| Energy | ▼ 3.5 | ▼ 20.0 | ▼ 4.1 | ▼ 19.9 |
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: -11.69%
- Distance to upper bound of Neutral (at 20.88%): 32.57%
- Distance to lower bound of Neutral (at -20.88%): 9.19%
"Does history really repeat itself?" — 2AITRADING
Observing the completed Daily candle, EURNZD shows the balanced Market Energy state.
Market movement just recorded on the Daily timeframe, Market Energy dropped -19.9% from the previous candle, from 8.2% to -11.7%.
Time in Neutral energy zone: 3 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 -11.7 to +35.9.
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 12-09-2024 closed, EURNZD was at 1.7906, down 0.27% from the previous candle (1.7955). Market Energy was -11.7%, down 19.9 points from 8.2%, 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 1.7906, down 0.27% from the previous Daily candle (1.7955). This drop is larger than 53% of past drops on the Daily timeframe for EURNZD, across 1,779 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 19.9 percentage points from the previous candle — from 8.2% to -11.7%. This drop is larger than 76% 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 8.2%, Neutral — this candle kept the same state, no zone change.
Where does EURNZD energy sit within the Neutral zone?
At -11.7%, EURNZD is 32.57 points from the upper boundary of Neutral (20.88%) and 9.19 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 Bull Extreme with energy 78.2%; GER40 (European equities) in Bull Extreme with energy 82.5%. Against this backdrop, EURNZD (Neutral, -11.7%) 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 Bull Extreme with Market Energy 76.4%. EURNZD energy is currently below DXY by 88.1 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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