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Trend of Bull Bias EURNZD 1H
▸When EURNZD is in Bull Bias:
- then EURNZD moved to higher Market State: 1,269 times — 28.8%
- then EURNZD moved to lower Market State: 3,143 times — 71.2%
▸Current EURNZD market energy: 40.08%
- Distance to upper bound of Bull Bias (at 60%): 19.92%
- Distance to lower bound of Bull Bias (at 20.88%): 19.2%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle closes, EURNZD in the energy level leaning Bull.
Market trend on the 2AiTrading energy system Market Energy moved from 34.6% to 40.1%, up +5.5% from the previous candle.
Time in Bull Bias energy zone: 8 1H 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 -83.7 to +63.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURNZD on 1H when this candle closed?
When the 1H candle at 06:00 on 05-01-2023 closed, EURNZD was in Bull Bias with Market Energy 40.1%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURNZD Market Energy change from the previous candle?
Market Energy rose 5.5 percentage points from the previous candle — from 34.6% to 40.1%.
What state was EURNZD in on the previous 1H candle?
The previous 1H candle had EURNZD at 34.6%, Bull Bias — this candle kept the same state, no zone change.
Where does EURNZD energy sit within the Bull Bias zone?
At 40.1%, EURNZD is 19.92 points from the upper boundary of Bull Bias (60%) and 19.2 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bull Bias with energy 27.4%; GER40 (European equities) in Bull Bias with energy 59.2%. Against this backdrop, EURNZD (Bull Bias, 40.1%) sits in the same state zone as 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 Neutral with Market Energy -2%. EURNZD energy is currently above DXY by 42 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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