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| Price | ▲ 0.32% | ▼ 0.07% | ▼ 0.23% | ▼ 0.76% |
| Energy | ▲ 30.5 | ▲ 1.4 | ▼ 16.7 | ▼ 56.2 |
Trend of Bear Bias GBPNZD Daily
▸When GBPNZD is in Bear Bias:
- then GBPNZD moved to higher Market State: 223 times — 74.8%
- then GBPNZD moved to lower Market State: 75 times — 25.2%
▸Current GBPNZD market energy: -29.22%
- Distance to upper bound of Bear Bias (at -20.88%): 8.34%
- Distance to lower bound of Bear Bias (at -60%): 30.78%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily session ends, GBPNZD currently in the Bear trend energy zone.
The market energy reading Market Energy dropped -56.2% this candle, currently -29.2% (previous candle 26.9%).
Time in Bear Bias 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 -29.2 to +43.7.
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 24-09-2024 closed, GBPNZD was at 2.1138, down 0.76% from the previous candle (2.13). Market Energy was -29.2%, down 56.2 points from 26.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did GBPNZD price move on this Daily candle, and how large is that historically?
GBPNZD closed at 2.1138, down 0.76% from the previous Daily candle (2.13). This drop is larger than 91% of past drops on the Daily timeframe for GBPNZD, across 1,789 candles since 2019.
How did GBPNZD Market Energy change from the previous candle?
Market Energy fell 56.2 percentage points from the previous candle — from 26.9% to -29.2%. This drop is larger than 99% 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 26.9%, Bull Bias — when this candle closed, GBPNZD moved down to a lower zone: Bull Bias → Bear Bias.
Where does GBPNZD energy sit within the Bear Bias zone?
At -29.2%, GBPNZD is 8.34 points from the upper boundary of Bear Bias (-20.88%) and 30.78 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 Bull Bias with energy 31.6%; GER40 (European equities) in Bull Critical with energy 69.4%. Against this backdrop, GBPNZD (Bear Bias, -29.2%) 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 -0.1%. GBPNZD energy is currently below DXY by 29.1 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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