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GBPCAD is currently controlled by sellers, in the Bear Critical zone. Measured energy: -71.2%.
See the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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UP–DOWN statistics for Bear Critical GBPCAD Daily
▸When GBPCAD is in Bear Critical:
- then GBPCAD moved to higher Market State: 72 times — 72.7%
- then GBPCAD moved to lower Market State: 27 times — 27.3%
▸Current GBPCAD market energy: -71.22%
- Distance to upper bound of Bear Critical (at -60%): 11.22%
- Distance to lower bound of Bear Critical (at -74.5%): 3.28%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed Daily candle, Result for GBPCAD: the Bear Critical zone.
On the energy side, Market Energy dropped -2.5% from the previous session, from -68.7% to -71.2%.
Time in Bear Critical energy zone: 1 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 -71.2 to -19.8.
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 21-08-2022 closed, GBPCAD was in Bear Critical with Market Energy -71.2%, controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 2.5 percentage points from the previous candle — from -68.7% to -71.2%.
What state was GBPCAD in on the previous Daily candle?
The previous Daily candle had GBPCAD at -68.7%, Bear Critical — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Critical zone?
At -71.2%, GBPCAD is 11.22 points from the upper boundary of Bear Critical (-60%) and 3.28 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 -59.8%; GER40 (European equities) in Bear Critical with energy -60.7%. Against this backdrop, GBPCAD (Bear Critical, -71.2%) lower 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 Bull Critical with Market Energy 73.4%. GBPCAD (Bear Critical) 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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