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| Price | ▲ 0.05% | ▼ 0.21% | ▼ 0.56% | ▼ 0.16% |
| Energy | ▲ 8.7 | ▼ 3.5 | ▼ 1.7 | ▲ 0.3 |
Trend of Bear Bias GBPCHF Daily
▸When GBPCHF is in Bear Bias:
- then GBPCHF moved to higher Market State: 233 times — 75.6%
- then GBPCHF moved to lower Market State: 75 times — 24.4%
▸Current GBPCHF market energy: -42.45%
- Distance to upper bound of Bear Bias (at -20.88%): 21.57%
- Distance to lower bound of Bear Bias (at -60%): 17.55%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily candle closes, GBPCHF within Bear Bias.
Per the 2AiTrading energy measurement system, Market Energy rose +0.3% this candle, currently -42.5% (previous candle -42.7%).
Time in Bear Bias energy zone: 6 Daily 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.
Over the past 5 days, GBPCHF Market Energy ranged from -46.2 to -37.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPCHF price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 08-12-2020 closed, GBPCHF was at 1.1879, down 0.16% from the previous candle (1.1898). Market Energy was -42.5%, up 0.3 points from -42.7%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did GBPCHF price move on this Daily candle, and how large is that historically?
GBPCHF closed at 1.1879, down 0.16% from the previous Daily candle (1.1898). This drop is larger than 31% of past drops on the Daily timeframe for GBPCHF, across 607 candles since 2019.
How did GBPCHF Market Energy change from the previous candle?
Market Energy rose 0.3 percentage points from the previous candle — from -42.7% to -42.5%. This rise is larger than 2% of past rises on the Daily timeframe for GBPCHF.
Do GBPCHF price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. This describes a closed candle, not a forecast of where price goes next.
What state was GBPCHF in on the previous Daily candle?
The previous Daily candle had GBPCHF at -42.7%, Bear Bias — this candle kept the same state, no zone change.
Where does GBPCHF energy sit within the Bear Bias zone?
At -42.5%, GBPCHF is 21.57 points from the upper boundary of Bear Bias (-20.88%) and 17.55 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 25.5%; GER40 (European equities) in Bull Bias with energy 50.2%. Against this backdrop, GBPCHF (Bear Bias, -42.5%) 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 Neutral with Market Energy 13.2%. GBPCHF energy is currently below DXY by 55.7 points.
See the real-time energy chart for GBPCHF.
Open Energy ChartSee the full 2AiTrading Model data for GBPCHF on the GBPCHF overview →
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