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| Price | ▼ 0.66% | ▲ 1.30% | ▲ 0.26% | ▼ 2.13% |
| Energy | ▼ 5.9 | ▲ 17.8 | ▲ 16.2 | ▼ 18.4 |
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: -58.76%
- Distance to upper bound of Bear Bias (at -20.88%): 37.88%
- Distance to lower bound of Bear Bias (at -60%): 1.24%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
The system just recorded GBPCAD in the Bear Bias energy state after the Weekly candle closed.
The GBPCAD market at session end, Market Energy moved from -40.4% to -58.8%, down -18.4% from the previous candle.
Time in Bear Bias energy zone: 3 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.
Not enough data in the past 5 days to show a range.
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 30-05-2022 closed, GBPCAD was at 1.5723, down 2.13% from the previous candle (1.6066). Market Energy was -58.8%, down 18.4 points from -40.4%, 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 1.5723, down 2.13% from the previous Weekly candle (1.6066). This drop is larger than 97% of past drops on the Weekly timeframe for GBPCAD, across 213 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 18.4 percentage points from the previous candle — from -40.4% to -58.8%. This drop is larger than 74% of past drops on the Weekly timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 -40.4%, Bear Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Bias zone?
At -58.8%, GBPCAD is 37.88 points from the upper boundary of Bear Bias (-20.88%) and 1.24 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 Extreme with energy 91.5%; GER40 (European equities) in Bull Extreme with energy 89.7%. Against this backdrop, GBPCAD (Bear Bias, -58.8%) 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 Neutral with Market Energy -0.6%. GBPCAD energy is currently below DXY by 58.2 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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