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GBPCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +23.9%.
See the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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UP–DOWN statistics for Bull Bias GBPCAD Daily
▸When GBPCAD is in Bull Bias:
- then GBPCAD moved to higher Market State: 95 times — 27.6%
- then GBPCAD moved to lower Market State: 249 times — 72.4%
▸Current GBPCAD market energy: 23.9%
- Distance to upper bound of Bull Bias (at 60%): 36.1%
- Distance to lower bound of Bull Bias (at 20.88%): 3.02%
"Why does archaeology matter?" — 2AITRADING
Once measurement on the Daily timeframe completes, GBPCAD recorded in Bull Bias.
Per the 2AiTrading energy measurement system, Market Energy dropped -31.5% from the previous candle, from 55.4% to 23.9%.
Time in Bull Bias energy zone: 4 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, GBPCAD Market Energy ranged from +23.9 to +55.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was GBPCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 21-10-2014 closed, GBPCAD was in Bull Bias with Market Energy 23.9%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 31.5 percentage points from the previous candle — from 55.4% to 23.9%.
What state was GBPCAD in on the previous Daily candle?
The previous Daily candle had GBPCAD at 55.4%, Bull Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Bias zone?
At 23.9%, GBPCAD is 36.1 points from the upper boundary of Bull Bias (60%) and 3.02 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: GER40 (European equities) in Bull Bias with energy 21.3%. Against this backdrop, GBPCAD (Bull Bias, 23.9%) sits in the same state zone as 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 -17.7%. GBPCAD energy is currently above DXY by 41.6 points.
See the real-time energy chart for GBPCAD.
Open Energy ChartSee the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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