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| Price | ▼ 0.04% | ▼ 0.75% | ▼ 0.56% | ▼ 0.85% |
| Energy | ▼ 12.4 | ▼ 23.5 | ▼ 19.9 | ▼ 13.9 |
Trend of Bear Extreme GBPNZD Daily
▸When GBPNZD is in Bear Extreme:
- then GBPNZD moved to higher Market State: 35 times — 100%
- then GBPNZD moved to lower Market State: 0 times — 0%
▸Current GBPNZD market energy: -80.47%
- Distance to upper bound of Bear Extreme (at -74.5%): 5.97%
- Distance to bottom -100%: 19.53%
"A person's history reveals more than you might think" — 2AITRADING
Following the completion of the Daily candle, GBPNZD within the Bear Extreme reading.
Market energy movement Market Energy at -80.5%, down -13.9% from -66.5% in the previous candle.
Time in Bear Extreme energy zone: 1 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, GBPNZD Market Energy ranged from -80.5 to +7.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPNZD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 12-08-2022 closed, GBPNZD was at 1.8796, down 0.85% from the previous candle (1.8957). Market Energy was -80.5%, down 13.9 points from -66.5%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did GBPNZD price move on this Daily candle, and how large is that historically?
GBPNZD closed at 1.8796, down 0.85% from the previous Daily candle (1.8957). This drop is larger than 93% of past drops on the Daily timeframe for GBPNZD, across 1,130 candles since 2019.
How did GBPNZD Market Energy change from the previous candle?
Market Energy fell 13.9 percentage points from the previous candle — from -66.5% to -80.5%. This drop is larger than 59% of past drops on the Daily timeframe for GBPNZD.
Do GBPNZD 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 GBPNZD in on the previous Daily candle?
The previous Daily candle had GBPNZD at -66.5%, Bear Critical — when this candle closed, GBPNZD moved down to a lower zone: Bear Critical → Bear Extreme.
Where does GBPNZD energy sit within the Bear Extreme zone?
At -80.5%, GBPNZD is 5.97 points from the upper boundary of Bear Extreme (-74.5%) and 19.53 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 Critical with energy -60%; GER40 (European equities) in Bear Bias with energy -55.4%. Against this backdrop, GBPNZD (Bear Extreme, -80.5%) 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 12.4%. GBPNZD energy is currently below DXY by 92.9 points.
See the real-time energy chart for GBPNZD.
Open Energy ChartSee the full 2AiTrading Model data for GBPNZD on the GBPNZD overview →
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