Analysis

·

Candle close
Price and energy
EURNZD from 1.7959 to 1.7946, down 0.07%
Market Energy Bull Bias 43.9% to Neutral 15.1%, down 28.8 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.03%▲ 0.07%▲ 0.01%▼ 0.07%
Energy▼ 11.1▲ 22.1▲ 16.7▼ 28.8
Volatility trend chart · last 4 sessions
▼ 0.03%▲ 0.07%▲ 0.01%▼ 0.07%▼ 11.1▲ 22.1▲ 16.7▼ 28.8
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.07% — higher than 64% of past drops
0%255075100%
Energy down 28.8 pts — higher than 89% of past drops
RESEARCH

Trend of Neutral EURNZD 1H

Sample: 58,089 1H candles from 2017-05-01 to 2026-10-09
Number of Neutral occurrences: 6,246 times

▸When EURNZD is in Neutral:

  • then EURNZD moved to higher Market State: 3,060 times — 49%
  • then EURNZD moved to lower Market State: 3,186 times — 51%

▸Current EURNZD market energy: 15.14%

  • Distance to upper bound of Neutral (at 20.88%): 5.74%
  • Distance to lower bound of Neutral (at -20.88%): 36.02%

"Does history really repeat itself?" — 2AITRADING

EURNZD · H1 · 2024-10-11 10:00 UTC
Preview the last 30 candles — price and energy
View live EURNZD chart →
Market Energy
43.9%
Bull Bias
15.1%
Neutral
1.8%
Neutral
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Observing the completed 1H candle, EURNZD recorded in the Neutral zone.

Market movement after the 1H candle closes, Market Energy dropped -28.8% from the previous candle, from 43.9% to 15.1%.

Time in Neutral energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, EURNZD Market Energy ranged from -69.4 to +86.2.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did EURNZD price and energy show when this 1H candle closed?

When the 1H candle at 17:00 on 11-10-2024 closed, EURNZD was at 1.7946, down 0.07% from the previous candle (1.7959). Market Energy was 15.1%, down 28.8 points from 43.9%, 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 1H candle, and how large is that historically?

EURNZD closed at 1.7946, down 0.07% from the previous 1H candle (1.7959). This drop is larger than 64% of past drops on the 1H timeframe for EURNZD, across 36,020 candles since 2019.

How did EURNZD Market Energy change from the previous candle?

Market Energy fell 28.8 percentage points from the previous candle — from 43.9% to 15.1%. This drop is larger than 89% of past drops on the 1H timeframe for EURNZD.

Do EURNZD price and energy agree?

Yes. On this candle price fell and energy fell — both moved the same way. 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 43.9%, 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 15.1%, EURNZD is 5.74 points from the upper boundary of Neutral (20.88%) and 36.02 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 Neutral with energy -0.7%; GER40 (European equities) in Bull Bias with energy 44.3%. Against this backdrop, EURNZD (Neutral, 15.1%) lower than GER40; sits in the same state zone as SPX500.

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 Bias with Market Energy 32.2%. EURNZD energy is currently below DXY by 17 points.

Real-time Energy Chart

See the real-time energy chart for EURNZD.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for EURNZD on the EURNZD overview →

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