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| Price | ▼ 0.03% | ▼ 0.05% | ▲ 0.13% | ▼ 0.10% |
| Energy | ▼ 5.3 | ▼ 22.2 | ▲ 15.6 | ▼ 29.2 |
Trend of Bull Bias EURNZD 1H
▸When EURNZD is in Bull Bias:
- then EURNZD moved to higher Market State: 1,286 times — 28.8%
- then EURNZD moved to lower Market State: 3,185 times — 71.2%
▸Current EURNZD market energy: 28.89%
- Distance to upper bound of Bull Bias (at 60%): 31.11%
- Distance to lower bound of Bull Bias (at 20.88%): 8.01%
"Does history really repeat itself?" — 2AITRADING
After the system processes the 1H candle, EURNZD in Bull Bias.
Market energy movement A -29.2% change from the previous candle, Market Energy is now 28.9% (previous: 58.1%).
Time in Bull Bias energy zone: 3 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 -88 to +84.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURNZD price and energy show when this 1H candle closed?
When the 1H candle at 09:00 on 24-07-2023 closed, EURNZD was at 1.8034, down 0.1% from the previous candle (1.8053). Market Energy was 28.9%, down 29.2 points from 58.1%, 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 1H candle, and how large is that historically?
EURNZD closed at 1.8034, down 0.1% from the previous 1H candle (1.8053). This drop is larger than 75% of past drops on the 1H timeframe for EURNZD, across 28,404 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 29.2 percentage points from the previous candle — from 58.1% to 28.9%. This drop is larger than 89% of past drops on the 1H 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 1H candle?
The previous 1H candle had EURNZD at 58.1%, Bull Bias — this candle kept the same state, no zone change.
Where does EURNZD energy sit within the Bull Bias zone?
At 28.9%, EURNZD is 31.11 points from the upper boundary of Bull Bias (60%) and 8.01 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 Bear Bias with energy -47.5%; GER40 (European equities) in Neutral with energy 7.2%. Against this backdrop, EURNZD (Bull Bias, 28.9%) has higher energy 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 Neutral with Market Energy 9.8%. EURNZD energy is currently above DXY by 19.1 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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