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| Price | ▼ 0.18% | ▼ 0.82% | ▲ 0.47% | ▲ 0.51% |
| Energy | ▲ 1.6 | ▼ 40.5 | ▲ 9.1 | ▲ 26.7 |
Trend of Neutral GBPCAD Weekly
▸When GBPCAD is in Neutral:
- then GBPCAD moved to higher Market State: 48 times — 56.5%
- then GBPCAD moved to lower Market State: 37 times — 43.5%
▸Current GBPCAD market energy: 5.55%
- Distance to upper bound of Neutral (at 20.88%): 15.33%
- Distance to lower bound of Neutral (at -20.88%): 26.43%
"To truly understand anything, study its history" — 2AITRADING
Reading from the Weekly candle, Market Energy of GBPCAD indicates the balanced energy level.
Looking at the Market Energy reading, The energy level rose +26.7%: from -21.1% now at 5.6%.
Time in Neutral 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.
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 29-04-2024 closed, GBPCAD was at 1.717, up 0.51% from the previous candle (1.7083). Market Energy was 5.6%, up 26.7 points from -21.1%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did GBPCAD price move on this Weekly candle, and how large is that historically?
GBPCAD closed at 1.717, up 0.51% from the previous Weekly candle (1.7083). This rise is larger than 46% of past rises on the Weekly timeframe for GBPCAD, across 313 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy rose 26.7 percentage points from the previous candle — from -21.1% to 5.6%. This rise is larger than 89% of past rises on the Weekly timeframe for GBPCAD.
Do GBPCAD price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. 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 -21.1%, Bear Bias — when this candle closed, GBPCAD moved up to a higher zone: Bear Bias → Neutral.
Where does GBPCAD energy sit within the Neutral zone?
At 5.6%, GBPCAD is 15.33 points from the upper boundary of Neutral (20.88%) and 26.43 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 60.5%; GER40 (European equities) in Bull Extreme with energy 78%. Against this backdrop, GBPCAD (Neutral, 5.6%) 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 Critical with Market Energy 61.3%. GBPCAD energy is currently below DXY by 55.8 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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