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Trend of Neutral GBPCAD 1H
▸When GBPCAD is in Neutral:
- then GBPCAD moved to higher Market State: 2,968 times — 50.1%
- then GBPCAD moved to lower Market State: 2,961 times — 49.9%
▸Current GBPCAD market energy: 13.89%
- Distance to upper bound of Neutral (at 20.88%): 6.99%
- Distance to lower bound of Neutral (at -20.88%): 34.77%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
GBPCAD classified into Neutral after the 1H candle completed.
Market trend on the 2AiTrading energy system Market trend energy recorded a +23.2% rise from the previous candle, from -9.3% to 13.9%.
Time in Neutral 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 -70.9 to +88.4.
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 22:00 on 06-10-2023 closed, GBPCAD was in Neutral with Market Energy 13.9%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 23.2 percentage points from the previous candle — from -9.3% to 13.9%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at -9.3%, Neutral — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Neutral zone?
At 13.9%, GBPCAD is 6.99 points from the upper boundary of Neutral (20.88%) and 34.77 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 73%; GER40 (European equities) in Bull Critical with energy 70.6%. Against this backdrop, GBPCAD (Neutral, 13.9%) 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 Bear Bias with Market Energy -47.3%. GBPCAD energy is currently above DXY by 61.2 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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