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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: 7.5%
- Distance to upper bound of Neutral (at 20.88%): 13.38%
- Distance to lower bound of Neutral (at -20.88%): 28.38%
"A person's history reveals more than you might think" — 2AITRADING
Once measurement on the 1H timeframe completes, GBPCAD in the Neutral state.
Observing the GBPCAD market this session, Market Energy dropped -24.9% this candle, currently 7.5% (previous candle 32.4%).
Time in Neutral 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 -37.4 to +90.2.
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 20:00 on 31-10-2023 closed, GBPCAD was in Neutral with Market Energy 7.5%, 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 fell 24.9 percentage points from the previous candle — from 32.4% to 7.5%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 32.4%, Bull Bias — when this candle closed, GBPCAD moved down to a lower zone: Bull Bias → Neutral.
Where does GBPCAD energy sit within the Neutral zone?
At 7.5%, GBPCAD is 13.38 points from the upper boundary of Neutral (20.88%) and 28.38 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 Bear Critical with energy -61.6%; GER40 (European equities) in Bull Bias with energy 32.4%. Against this backdrop, GBPCAD (Neutral, 7.5%) has higher energy than SPX500; lower than 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 99.6%. GBPCAD energy is currently below DXY by 92.1 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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