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| Price | ▼ 1.31% | ▲ 1.19% | ▼ 1.26% | ▲ 1.68% |
| Energy | ▼ 23.2 | ▲ 3.2 | ▼ 17.5 | ▲ 15.0 |
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: 31.68%
- Distance to upper bound of Bull Bias (at 60%): 28.32%
- Distance to lower bound of Bull Bias (at 20.88%): 10.8%
"History always repeats itself, one way or another" — 2AITRADING
As the Weekly candle completes, GBPCAD within the energy zone leaning Bull.
Market trend update: Market Energy at 31.7%, up +15% from 16.7% in the previous candle.
Time in Bull 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.
Not enough data in the past 5 days to show a range.
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What did GBPCAD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 17-04-2023 closed, GBPCAD was at 1.6855, up 1.68% from the previous candle (1.6576). Market Energy was 31.7%, up 15.0 points from 16.7%, 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 1.6855, up 1.68% from the previous Weekly candle (1.6576). This rise is larger than 90% of past rises on the Weekly timeframe for GBPCAD, across 259 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 15 percentage points from the previous candle — from 16.7% to 31.7%. This rise is larger than 68% 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 16.7%, Neutral — when this candle closed, GBPCAD moved up to a higher zone: Neutral → Bull Bias.
Where does GBPCAD energy sit within the Bull Bias zone?
At 31.7%, GBPCAD is 28.32 points from the upper boundary of Bull Bias (60%) and 10.8 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bias with energy 34.2%; GER40 (European equities) in Bull Bias with energy 21.3%. Against this backdrop, GBPCAD (Bull Bias, 31.7%) sits in the same state zone as 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 86.6%. 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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