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Trend of Neutral GBPCAD Daily
▸When GBPCAD is in Neutral:
- then GBPCAD moved to higher Market State: 247 times — 51.4%
- then GBPCAD moved to lower Market State: 234 times — 48.6%
▸Current GBPCAD market energy: 19.12%
- Distance to upper bound of Neutral (at 20.88%): 1.76%
- Distance to lower bound of Neutral (at -20.88%): 40%
"To truly understand anything, study its history" — 2AITRADING
Observing the completed Daily candle, GBPCAD in Neutral of Market Energy.
Market energy measurement Market trend energy recorded a +28.8% rise from the previous candle, from -9.7% to 19.1%.
Time in Neutral energy zone: 5 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 -9.7 to +20.3.
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 11-04-2022 closed, GBPCAD was in Neutral with Market Energy 19.1%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 28.8 percentage points from the previous candle — from -9.7% to 19.1%.
What state was GBPCAD in on the previous Daily candle?
The previous Daily candle had GBPCAD at -9.7%, Neutral — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Neutral zone?
At 19.1%, GBPCAD is 1.76 points from the upper boundary of Neutral (20.88%) and 40 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 Bear Bias with energy -37.5%; GER40 (European equities) in Neutral with energy 6.1%. Against this backdrop, GBPCAD (Neutral, 19.1%) has higher energy than SPX500; 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 -2.7%. GBPCAD energy is currently above DXY by 21.8 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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