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Trend of Bull Critical GBPCAD 1H
▸When GBPCAD is in Bull Critical:
- then GBPCAD moved to higher Market State: 413 times — 27.1%
- then GBPCAD moved to lower Market State: 1,113 times — 72.9%
▸Current GBPCAD market energy: 64.18%
- Distance to upper bound of Bull Critical (at 74.5%): 10.32%
- Distance to lower bound of Bull Critical (at 60%): 4.18%
"Does history really repeat itself?" — 2AITRADING
Observing the completed 1H candle, GBPCAD recorded in the near-peak Bull energy level.
Market energy movement Market Energy moved from 60.6% to 64.2%, up +3.6% from the previous candle.
Time in Bull Critical 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 -56 to +82.3.
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 11:00 on 16-05-2024 closed, GBPCAD was in Bull Critical with Market Energy 64.2%, controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 3.6 percentage points from the previous candle — from 60.6% to 64.2%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 60.6%, Bull Critical — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Critical zone?
At 64.2%, GBPCAD is 10.32 points from the upper boundary of Bull Critical (74.5%) and 4.18 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Critical 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 83.8%; GER40 (European equities) in Bull Critical with energy 62.7%. Against this backdrop, GBPCAD (Bull Critical, 64.2%) lower than SPX500; sits in the same state zone as 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 Critical with Market Energy -60.9%. GBPCAD (Bull Critical) 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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