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Trend of Bull Bias GBPCAD Daily
▸When GBPCAD is in Bull Bias:
- then GBPCAD moved to higher Market State: 95 times — 27.5%
- then GBPCAD moved to lower Market State: 250 times — 72.5%
▸Current GBPCAD market energy: 51.97%
- Distance to upper bound of Bull Bias (at 60%): 8.03%
- Distance to lower bound of Bull Bias (at 20.88%): 31.09%
"Let data guide you, but never trust it completely" — 2AITRADING
Measurement result after the Daily candle closes, GBPCAD noted at Bull Bias of Market Energy.
On trend energy, Market Energy rose +3.4% this candle, currently 52% (previous candle 48.6%).
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 +11.6 to +52.
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 09-04-2024 closed, GBPCAD was in Bull Bias with Market Energy 52%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 3.4 percentage points from the previous candle — from 48.6% to 52%.
What state was GBPCAD in on the previous Daily candle?
The previous Daily candle had GBPCAD at 48.6%, Bull Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Bias zone?
At 52%, GBPCAD is 8.03 points from the upper boundary of Bull Bias (60%) and 31.09 points from the lower boundary (20.88%) — so energy sits closer to the upper 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: SPX500 (US equities) in Bull Bias with energy 22.4%; GER40 (European equities) in Bear Bias with energy -21.6%. Against this backdrop, GBPCAD (Bull Bias, 52%) has higher energy 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 Bear Critical with Market Energy -71.5%. GBPCAD (Bull 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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