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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: 15.94%
- Distance to upper bound of Neutral (at 20.88%): 4.94%
- Distance to lower bound of Neutral (at -20.88%): 36.82%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed 1H candle, GBPCAD reflects the balanced trend energy zone.
The energy side shows Market Energy dropped -24.3% from the previous candle, from 40.2% to 15.9%.
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 -72.2 to +97.2.
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 23:00 on 06-11-2023 closed, GBPCAD was in Neutral with Market Energy 15.9%, 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 fell 24.3 percentage points from the previous candle — from 40.2% to 15.9%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 40.2%, 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 15.9%, GBPCAD is 4.94 points from the upper boundary of Neutral (20.88%) and 36.82 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 Neutral with energy 16%; GER40 (European equities) in Bear Bias with energy -44.9%. Against this backdrop, GBPCAD (Neutral, 15.9%) has higher energy than GER40; sits in the same state zone as SPX500.
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 10.7%. GBPCAD energy is currently above DXY by 5.3 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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