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| Price | ▲ 0.09% | ▼ 0.05% | ▼ 0.03% | ▼ 0.15% |
| Energy | ▲ 40.5 | ▼ 9.9 | ▼ 14.5 | ▼ 45.2 |
Trend of Bear Bias GBPCAD 1H
▸When GBPCAD is in Bear Bias:
- then GBPCAD moved to higher Market State: 3,139 times — 71.7%
- then GBPCAD moved to lower Market State: 1,236 times — 28.3%
▸Current GBPCAD market energy: -32.62%
- Distance to upper bound of Bear Bias (at -20.88%): 11.74%
- Distance to lower bound of Bear Bias (at -60%): 27.38%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the 1H candle, GBPCAD noted at the energy state tilted toward Bear.
The energy side shows Market Energy reading dropped -45.2%, moving from 12.5% to -32.6% after the 1H 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 -79.7 to +46.8.
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 18:00 on 11-01-2022 closed, GBPCAD was at 1.7172, down 0.15% from the previous candle (1.7198). Market Energy was -32.6%, down 45.2 points from 12.5%, 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 1.7172, down 0.15% from the previous 1H candle (1.7198). This drop is larger than 89% of past drops on the 1H timeframe for GBPCAD, across 18,871 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 45.2 percentage points from the previous candle — from 12.5% to -32.6%. This drop is larger than 96% of past drops on the 1H timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. Both price and energy moved down on this candle. 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 12.5%, 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 -32.6%, GBPCAD is 11.74 points from the upper boundary of Bear Bias (-20.88%) and 27.38 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 Extreme with energy 75%; GER40 (European equities) in Bull Critical with energy 61.2%. Against this backdrop, GBPCAD (Bear Bias, -32.6%) 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 Bull Bias with Market Energy 40.3%. 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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