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| Price | ▼ 0.03% | ▲ 0.03% | ▲ 0.08% | ▼ 0.27% |
| Energy | ▼ 13.4 | ▼ 2.6 | ▲ 25.0 | ▼ 48.4 |
Trend of Bear Bias GBPCAD 1H
▸When GBPCAD is in Bear Bias:
- then GBPCAD moved to higher Market State: 3,138 times — 71.8%
- then GBPCAD moved to lower Market State: 1,235 times — 28.2%
▸Current GBPCAD market energy: -33.78%
- Distance to upper bound of Bear Bias (at -20.88%): 12.9%
- Distance to lower bound of Bear Bias (at -60%): 26.22%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the 1H candle, GBPCAD recorded in Bear Bias.
Looking at the energy level, Market Energy dropped -48.4% from the previous session, from 14.6% to -33.8%.
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 -87.3 to +80.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPCAD price and energy show when this 1H candle closed?
When the 1H candle at 23:00 on 15-01-2021 closed, GBPCAD was at 1.7283, down 0.27% from the previous candle (1.733). Market Energy was -33.8%, down 48.4 points from 14.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did GBPCAD price move on this 1H candle, and how large is that historically?
GBPCAD closed at 1.7283, down 0.27% from the previous 1H candle (1.733). This drop is larger than 96% of past drops on the 1H timeframe for GBPCAD, across 12,708 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 48.4 percentage points from the previous candle — from 14.6% to -33.8%. This drop is larger than 97% of past drops on the 1H timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 14.6%, Neutral — when this candle closed, GBPCAD moved down to a lower zone: Neutral → Bear Bias.
Where does GBPCAD energy sit within the Bear Bias zone?
At -33.8%, GBPCAD is 12.9 points from the upper boundary of Bear Bias (-20.88%) and 26.22 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 Bear Bias with energy -30.9%; GER40 (European equities) in Bear Bias with energy -51.9%. Against this backdrop, GBPCAD (Bear Bias, -33.8%) sits in the same state zone as 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 Extreme with Market Energy 79.7%. 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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