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| Price | ▼ 0.03% | ▲ 0.18% | ▲ 0.03% | ▼ 0.11% |
| Energy | ▼ 8.1 | ▲ 25.4 | ▲ 21.4 | ▼ 11.7 |
Trend of Bear Bias GBPNZD 1H
▸When GBPNZD is in Bear Bias:
- then GBPNZD moved to higher Market State: 3,165 times — 71.9%
- then GBPNZD moved to lower Market State: 1,237 times — 28.1%
▸Current GBPNZD market energy: -21.38%
- Distance to upper bound of Bear Bias (at -20.88%): 0.5%
- Distance to lower bound of Bear Bias (at -60%): 38.62%
"History always repeats itself, one way or another" — 2AITRADING
GBPNZD recorded in the Bear Bias state as the 1H candle ended.
Market trend update: Energy delta -11.7%: Market Energy at -21.4%, previously -9.7%.
Time in Bear Bias energy zone: 1 1H 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 -58.5 to +85.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPNZD price and energy show when this 1H candle closed?
When the 1H candle at 20:00 on 21-06-2023 closed, GBPNZD was at 2.0608, down 0.11% from the previous candle (2.0631). Market Energy was -21.4%, down 11.7 points from -9.7%, 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 1H candle, and how large is that historically?
GBPNZD closed at 2.0608, down 0.11% from the previous 1H candle (2.0631). This drop is larger than 75% of past drops on the 1H timeframe for GBPNZD, across 27,864 candles since 2019.
How did GBPNZD Market Energy change from the previous candle?
Market Energy fell 11.7 percentage points from the previous candle — from -9.7% to -21.4%. This drop is larger than 59% of past drops on the 1H timeframe for GBPNZD.
Do GBPNZD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was GBPNZD in on the previous 1H candle?
The previous 1H candle had GBPNZD at -9.7%, Neutral — when this candle closed, GBPNZD moved down to a lower zone: Neutral → Bear Bias.
Where does GBPNZD energy sit within the Bear Bias zone?
At -21.4%, GBPNZD is 0.5 points from the upper boundary of Bear Bias (-20.88%) and 38.62 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 Bear Extreme with energy -94.3%; GER40 (European equities) in Bear Extreme with energy -98.7%. Against this backdrop, GBPNZD (Bear Bias, -21.4%) 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 Neutral with Market Energy -19.4%. GBPNZD energy is currently below DXY by 2 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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