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| Price | ▲ 1.31% | ▲ 0.17% | ▲ 0.38% | ▼ 0.24% |
| Energy | ▲ 39.4 | ▲ 8.7 | ▼ 0.7 | ▼ 10.4 |
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: 54.59%
- Distance to upper bound of Bull Bias (at 60%): 5.41%
- Distance to lower bound of Bull Bias (at 20.88%): 33.71%
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GBPCAD processing result: Bull Bias after the Weekly candle closed.
On trend energy, The energy level dropped -10.4%: from 65% now at 54.6%.
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 29-07-2024 closed, GBPCAD was at 1.7753, down 0.24% from the previous candle (1.7795). Market Energy was 54.6%, down 10.4 points from 65%, 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 1.7753, down 0.24% from the previous Weekly candle (1.7795). This drop is larger than 23% of past drops on the Weekly timeframe for GBPCAD, across 326 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 10.4 percentage points from the previous candle — from 65% to 54.6%. This drop is larger than 48% 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 65%, Bull Critical — when this candle closed, GBPCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does GBPCAD energy sit within the Bull Bias zone?
At 54.6%, GBPCAD is 5.41 points from the upper boundary of Bull Bias (60%) and 33.71 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 Bias with energy 55.4%; GER40 (European equities) in Bull Extreme with energy 97.9%. Against this backdrop, GBPCAD (Bull Bias, 54.6%) lower than GER40; sits in the same state zone as SPX500.
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 -43.9%. 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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