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| Price | ▼ 0.94% | ▲ 2.44% | ▼ 0.67% | ▲ 1.99% |
| Energy | ▲ 12.7 | ▲ 11.4 | ▲ 0.2 | ▲ 9.6 |
Trend of Bull Bias GBPCAD Weekly
▸When GBPCAD is in Bull Bias:
- then GBPCAD moved to higher Market State: 9 times — 16.1%
- then GBPCAD moved to lower Market State: 47 times — 83.9%
▸Current GBPCAD market energy: 44.5%
- Distance to upper bound of Bull Bias (at 60%): 15.5%
- Distance to lower bound of Bull Bias (at 20.88%): 23.62%
"Does history really repeat itself?" — 2AITRADING
From the just-closed Weekly candle data, Result for GBPCAD: the Bull Bias state.
End-of-session energy readings on Weekly, Market trend energy recorded a +9.6% rise from the previous candle, from 34.9% to 44.5%.
Time in Bull Bias energy zone: 4 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 24-10-2022 closed, GBPCAD was at 1.578, up 1.99% from the previous candle (1.5472). Market Energy was 44.5%, up 9.6 points from 34.9%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did GBPCAD price move on this Weekly candle, and how large is that historically?
GBPCAD closed at 1.578, up 1.99% from the previous Weekly candle (1.5472). This rise is larger than 93% of past rises on the Weekly timeframe for GBPCAD, across 234 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 9.6 percentage points from the previous candle — from 34.9% to 44.5%. This rise is larger than 45% 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 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 34.9%, Bull Bias — this candle kept the same state, no zone change.
Where does GBPCAD energy sit within the Bull Bias zone?
At 44.5%, GBPCAD is 15.5 points from the upper boundary of Bull Bias (60%) and 23.62 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 Bull Critical with energy 64.1%; GER40 (European equities) in Bull Extreme with energy 96%. Against this backdrop, GBPCAD (Bull Bias, 44.5%) 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 Bear Bias with Market Energy -29.2%. GBPCAD (Bull 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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