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GBPCAD is currently controlled by sellers, in the Bear Critical zone. Measured energy: -65.8%.
See the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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UP–DOWN statistics for Bear Critical GBPCAD 1H
▸When GBPCAD is in Bear Critical:
- then GBPCAD moved to higher Market State: 1,167 times — 74.7%
- then GBPCAD moved to lower Market State: 396 times — 25.3%
▸Current GBPCAD market energy: -65.83%
- Distance to upper bound of Bear Critical (at -60%): 5.83%
- Distance to lower bound of Bear Critical (at -74.5%): 8.67%
"To truly understand anything, study its history" — 2AITRADING
With the 1H candle just closed, GBPCAD in the near-extreme Bear energy state.
Market energy measurement Energy delta +7.9%: Market Energy at -65.8%, previously -73.7%.
Time in Bear Critical 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 -81.3 to +89.6.
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 17:00 on 08-06-2021 closed, GBPCAD was in Bear Critical with Market Energy -65.8%, controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 7.9 percentage points from the previous candle — from -73.7% to -65.8%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at -73.7%, Bear Critical — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Critical zone?
At -65.8%, GBPCAD is 5.83 points from the upper boundary of Bear Critical (-60%) and 8.67 points from the lower boundary (-74.5%) — so energy sits closer to the upper 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 Bull Bias with energy 32.6%; GER40 (European equities) in Bull Bias with energy 24.4%. Against this backdrop, GBPCAD (Bear Critical, -65.8%) 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 7.6%. GBPCAD energy is currently below DXY by 73.5 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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