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| Price | ▲ 0.17% | ▲ 0.38% | ▼ 0.24% | ▼ 1.36% |
| Energy | ▲ 8.7 | ▼ 0.7 | ▼ 10.4 | ▼ 52.1 |
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: 2.5%
- Distance to upper bound of Neutral (at 20.88%): 18.38%
- Distance to lower bound of Neutral (at -20.88%): 23.38%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Observing the completed Weekly candle, Market GBPCAD in the Neutral zone.
The energy side shows Market trend energy recorded a -52.1% drop from the previous candle, from 54.6% to 2.5%.
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.
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What did GBPCAD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 05-08-2024 closed, GBPCAD was at 1.7511, down 1.36% from the previous candle (1.7753). Market Energy was 2.5%, down 52.1 points from 54.6%, 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 1.7511, down 1.36% from the previous Weekly candle (1.7753). This drop is larger than 84% of past drops on the Weekly timeframe for GBPCAD, across 327 candles since 2019.
How did GBPCAD Market Energy change from the previous candle?
Market Energy fell 52.1 percentage points from the previous candle — from 54.6% to 2.5%. This drop is larger than 97% 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 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 54.6%, Bull Bias — when this candle closed, GBPCAD moved down to a lower zone: Bull Bias → Neutral.
Where does GBPCAD energy sit within the Neutral zone?
At 2.5%, GBPCAD is 18.38 points from the upper boundary of Neutral (20.88%) and 23.38 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 Bear Extreme with energy -75.4%; GER40 (European equities) in Bear Extreme with energy -93.4%. Against this backdrop, GBPCAD (Neutral, 2.5%) has higher energy 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 Extreme with Market Energy -77.6%. GBPCAD energy is currently above DXY by 80.1 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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