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| Price | ▼ 0.34% | ▼ 1.56% | ▼ 0.23% | ▼ 0.60% |
| Energy | ▲ 8.3 | ▼ 18.3 | ▼ 7.2 | ▼ 1.4 |
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: -53.99%
- Distance to upper bound of Bear Bias (at -20.88%): 33.11%
- Distance to lower bound of Bear Bias (at -60%): 6.01%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Weekly candle closes, GBPCAD in the energy level leaning Bear.
On trend energy, Market Energy dropped -1.4% from the previous session, from -52.6% to -54%.
Time in Bear Bias energy zone: 5 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 11-07-2022 closed, GBPCAD was at 1.5467, down 0.6% from the previous candle (1.5561). Market Energy was -54%, down 1.4 points from -52.6%, 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 1.5467, down 0.6% from the previous Weekly candle (1.5561). This drop is larger than 48% of past drops on the Weekly timeframe for GBPCAD, across 219 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 1.4 percentage points from the previous candle — from -52.6% to -54%. This drop is larger than 7% of past drops on the Weekly timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was GBPCAD in on the previous Weekly candle?
The previous Weekly candle had GBPCAD at -52.6%, Bear Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bear Bias zone?
At -54%, GBPCAD is 33.11 points from the upper boundary of Bear Bias (-20.88%) and 6.01 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 Neutral with energy 12.9%; GER40 (European equities) in Bull Bias with energy 47.5%. Against this backdrop, GBPCAD (Bear Bias, -54%) 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 3.9%. GBPCAD energy is currently below DXY by 57.9 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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