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GBPCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -20.9%.
See the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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UP–DOWN statistics for Bear Bias GBPCAD 1H
▸When GBPCAD is in Bear Bias:
- then GBPCAD moved to higher Market State: 3,102 times — 71.9%
- then GBPCAD moved to lower Market State: 1,211 times — 28.1%
▸Current GBPCAD market energy: -20.95%
- Distance to upper bound of Bear Bias (at -20.88%): 0.07%
- Distance to lower bound of Bear Bias (at -60%): 39.05%
"To truly understand anything, study its history" — 2AITRADING
Right as the 1H candle closes, GBPCAD recorded in the Market Energy zone leaning Bear.
On trend energy, Market Energy at -20.9%, down -44.3% from 23.3% in the previous candle.
Time in Bear Bias energy zone: 1 1H 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 -92.5 to +93.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was GBPCAD on 1H when this candle closed?
When the 1H candle at 10:00 on 21-07-2020 closed, GBPCAD was in Bear Bias with Market Energy -20.9%, 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 44.3 percentage points from the previous candle — from 23.3% to -20.9%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 23.3%, Bull Bias — when this candle closed, GBPCAD moved down to a lower zone: Bull Bias → Bear Bias.
Where does GBPCAD energy sit within the Bear Bias zone?
At -20.9%, GBPCAD is 0.07 points from the upper boundary of Bear Bias (-20.88%) and 39.05 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Critical with energy 67.5%; GER40 (European equities) in Bull Extreme with energy 76.3%. Against this backdrop, GBPCAD (Bear Bias, -20.9%) 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 Neutral with Market Energy 8.9%. GBPCAD energy is currently below DXY by 29.8 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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