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| Price | ▲ 0.59% | ▼ 0.99% | ▼ 0.31% | ▼ 0.29% |
| Energy | ▲ 4.9 | ▼ 10.7 | ▼ 12.6 | ▼ 10.4 |
Trend of Bear Bias GBPNZD Weekly
▸When GBPNZD is in Bear Bias:
- then GBPNZD moved to higher Market State: 34 times — 81%
- then GBPNZD moved to lower Market State: 8 times — 19%
▸Current GBPNZD market energy: -22.17%
- Distance to upper bound of Bear Bias (at -20.88%): 1.29%
- Distance to lower bound of Bear Bias (at -60%): 37.83%
"History always repeats itself, one way or another" — 2AITRADING
As the Weekly candle closes, GBPNZD within the Bear trend energy zone.
Market energy movement Market Energy dropped -10.4% from the previous session, from -11.8% to -22.2%.
Time in Bear Bias energy zone: 1 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did GBPNZD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 12-12-2022 closed, GBPNZD was at 1.9086, down 0.29% from the previous candle (1.9142). Market Energy was -22.2%, down 10.4 points from -11.8%, 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 Weekly candle, and how large is that historically?
GBPNZD closed at 1.9086, down 0.29% from the previous Weekly candle (1.9142). This drop is larger than 32% of past drops on the Weekly timeframe for GBPNZD, across 241 candles since 2019.
How did GBPNZD Market Energy change from the previous candle?
Market Energy fell 10.4 percentage points from the previous candle — from -11.8% to -22.2%. This drop is larger than 51% of past drops on the Weekly timeframe for GBPNZD.
Do GBPNZD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was GBPNZD in on the previous Weekly candle?
The previous Weekly candle had GBPNZD at -11.8%, 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 -22.2%, GBPNZD is 1.29 points from the upper boundary of Bear Bias (-20.88%) and 37.83 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 -80.7%; GER40 (European equities) in Bear Bias with energy -25.5%. Against this backdrop, GBPNZD (Bear Bias, -22.2%) has higher energy 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 Bull Bias with Market Energy 35.5%. GBPNZD (Bear Bias) and DXY currently sit on opposite sides.
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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