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Trend of Bear Bias GBPCAD Daily
▸When GBPCAD is in Bear Bias:
- then GBPCAD moved to higher Market State: 244 times — 75.1%
- then GBPCAD moved to lower Market State: 81 times — 24.9%
▸Current GBPCAD market energy: -46.84%
- Distance to upper bound of Bear Bias (at -20.88%): 25.96%
- Distance to lower bound of Bear Bias (at -60%): 13.16%
"Let data guide you, but never trust it completely" — 2AITRADING
Measurement result after the Daily candle closes, Result for GBPCAD: the Bear Bias energy state.
On the energy side, Compared to the previous candle (-34.6%), Market Energy dropped -12.3% to -46.8%.
Time in Bear Bias energy zone: 6 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 -46.8 to -29.5.
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 05-04-2022 closed, GBPCAD was in Bear Bias with Market Energy -46.8%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 12.3 percentage points from the previous candle — from -34.6% to -46.8%.
What state was GBPCAD in on the previous Daily candle?
The previous Daily candle had GBPCAD at -34.6%, Bear Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Bias zone?
At -46.8%, GBPCAD is 25.96 points from the upper boundary of Bear Bias (-20.88%) and 13.16 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Extreme with energy 78.7%; GER40 (European equities) in Bull Critical with energy 63.2%. Against this backdrop, GBPCAD (Bear Bias, -46.8%) 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 Critical with Market Energy 64.6%. GBPCAD (Bear Bias) and DXY currently sit on opposite sides.
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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