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| Price | ▲ 0.04% | ▲ 0.75% | ▼ 1.70% | ▲ 1.04% |
| Energy | ▼ 2.3 | ▲ 10.8 | ▼ 11.4 | ▲ 17.1 |
Trend of Bear Bias GBPCAD Weekly
▸When GBPCAD is in Bear Bias:
- then GBPCAD moved to higher Market State: 35 times — 70%
- then GBPCAD moved to lower Market State: 15 times — 30%
▸Current GBPCAD market energy: -43.32%
- Distance to upper bound of Bear Bias (at -20.88%): 22.44%
- Distance to lower bound of Bear Bias (at -60%): 16.68%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
From the just-closed Weekly candle data, GBPCAD within the energy level leaning Bear.
On the measurement side, Market Energy rose +17.1% this candle, currently -43.3% (previous candle -60.5%).
Time in Bear Bias energy zone: 1 Weekly 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 -60.5 to -43.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPCAD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 08-08-2019 closed, GBPCAD was at 1.6053, up 1.04% from the previous candle (1.5888). Market Energy was -43.3%, up 17.1 points from -60.5%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did GBPCAD price move on this Weekly candle, and how large is that historically?
GBPCAD closed at 1.6053, up 1.04% from the previous Weekly candle (1.5888). This rise is larger than 81% of past rises on the Weekly timeframe for GBPCAD, across 63 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 17.1 percentage points from the previous candle — from -60.5% to -43.3%. This rise is larger than 74% of past rises on the Weekly timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was GBPCAD in on the previous Weekly candle?
The previous Weekly candle had GBPCAD at -60.5%, Bear Critical — when this candle closed, GBPCAD moved up to a higher zone: Bear Critical → Bear Bias.
Where does GBPCAD energy sit within the Bear Bias zone?
At -43.3%, GBPCAD is 22.44 points from the upper boundary of Bear Bias (-20.88%) and 16.68 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bull Bias with energy 26.4%; GER40 (European equities) in Bull Bias with energy 27%. Against this backdrop, GBPCAD (Bear Bias, -43.3%) 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 Bull Bias with Market Energy 25.7%. GBPCAD (Bear Bias) 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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