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GBPCAD is currently controlled by sellers, in the Bear Extreme zone. Measured energy: -87.9%.
See the full 2AiTrading Model data for GBPCAD on the GBPCAD overview →
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UP–DOWN statistics for Bear Extreme GBPCAD 1H
▸When GBPCAD is in Bear Extreme:
- then GBPCAD moved to higher Market State: 653 times — 100%
- then GBPCAD moved to lower Market State: 0 times — 0%
▸Current GBPCAD market energy: -87.9%
- Distance to upper bound of Bear Extreme (at -74.5%): 13.4%
- Distance to bottom -100%: 12.1%
"Does history really repeat itself?" — 2AITRADING
From the just-closed 1H candle data, Market GBPCAD in the extreme Bear energy state.
Market trend on the 2AiTrading energy system Market trend energy recorded a -8.8% drop from the previous candle, from -79.1% to -87.9%.
Time in Bear Extreme energy zone: 2 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 -87.9 to +72.9.
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 15:00 on 17-09-2021 closed, GBPCAD was in Bear Extreme with Market Energy -87.9%, controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 8.8 percentage points from the previous candle — from -79.1% to -87.9%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at -79.1%, Bear Extreme — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Extreme zone?
At -87.9%, GBPCAD is 13.4 points from the upper boundary of Bear Extreme (-74.5%) and 12.1 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 Neutral with energy -9.9%; GER40 (European equities) in Bull Bias with energy 24.8%. Against this backdrop, GBPCAD (Bear Extreme, -87.9%) 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 7.8%. GBPCAD energy is currently below DXY by 95.8 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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