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Trend of Bull Bias GBPCAD 1H
▸When GBPCAD is in Bull Bias:
- then GBPCAD moved to higher Market State: 1,155 times — 27.1%
- then GBPCAD moved to lower Market State: 3,110 times — 72.9%
▸Current GBPCAD market energy: 49.75%
- Distance to upper bound of Bull Bias (at 60%): 10.25%
- Distance to lower bound of Bull Bias (at 20.88%): 28.87%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
As the 1H candle completes, GBPCAD recorded in the Bull Bias state.
Looking at the energy level, A -1.6% change from the previous candle, Market Energy is now 49.8% (previous: 51.3%).
Time in Bull Bias energy zone: 8 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 -18.5 to +97.3.
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 04:00 on 23-05-2024 closed, GBPCAD was in Bull Bias with Market Energy 49.8%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 1.6 percentage points from the previous candle — from 51.3% to 49.8%.
What state was GBPCAD in on the previous 1H candle?
The previous 1H candle had GBPCAD at 51.3%, Bull Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Bias zone?
At 49.8%, GBPCAD is 10.25 points from the upper boundary of Bull Bias (60%) and 28.87 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Neutral with energy 0.5%; GER40 (European equities) in Neutral with energy 8.8%. Against this backdrop, GBPCAD (Bull Bias, 49.8%) has higher energy 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 Extreme with Market Energy 92.2%. GBPCAD (Bull Bias) and DXY currently sit on the same Bull side.
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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