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GBPNZD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -21.8%.
See the full 2AiTrading Model data for GBPNZD on the GBPNZD overview →
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UP–DOWN statistics for Bear Bias GBPNZD Daily
▸When GBPNZD is in Bear Bias:
- then GBPNZD moved to higher Market State: 222 times — 74.7%
- then GBPNZD moved to lower Market State: 75 times — 25.3%
▸Current GBPNZD market energy: -21.78%
- Distance to upper bound of Bear Bias (at -20.88%): 0.9%
- Distance to lower bound of Bear Bias (at -60%): 38.22%
"Does history really repeat itself?" — 2AITRADING
Observing the completed Daily candle, GBPNZD shows the energy zone leaning Bear.
Market movement just recorded on the Daily timeframe, Market trend energy recorded a +17.2% rise from the previous candle, from -39% to -21.8%.
Time in Bear Bias energy zone: 2 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 -39 to +16.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was GBPNZD on Daily when this candle closed?
When the Daily candle at 07:00 on 21-08-2024 closed, GBPNZD was in Bear Bias with Market Energy -21.8%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did GBPNZD Market Energy change from the previous candle?
Market Energy rose 17.2 percentage points from the previous candle — from -39% to -21.8%.
What state was GBPNZD in on the previous Daily candle?
The previous Daily candle had GBPNZD at -39%, Bear Bias — this candle kept the same state, no zone change.
Where does GBPNZD energy sit within the Bear Bias zone?
At -21.8%, GBPNZD is 0.9 points from the upper boundary of Bear Bias (-20.88%) and 38.22 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Neutral with energy -3.1%; GER40 (European equities) in Bear Bias with energy -46.2%. Against this backdrop, GBPNZD (Bear Bias, -21.8%) lower than SPX500; sits in the same state zone as 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 -77.3%. GBPNZD (Bear Bias) and DXY currently sit on the same Bear side.
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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