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| Price | ▲ 2.01% | ▲ 0.92% | ▲ 1.78% | ▼ 1.59% |
| Energy | ▲ 53.1 | ▲ 26.8 | ▲ 12.7 | ▼ 25.4 |
Trend of Bull Critical GBPNZD Weekly
▸When GBPNZD is in Bull Critical:
- then GBPNZD moved to higher Market State: 3 times — 16.7%
- then GBPNZD moved to lower Market State: 15 times — 83.3%
▸Current GBPNZD market energy: 63.3%
- Distance to upper bound of Bull Critical (at 74.5%): 11.2%
- Distance to lower bound of Bull Critical (at 60%): 3.3%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Weekly data updates, GBPNZD currently in Bull Critical of Market Energy.
Market trend energy Market Energy dropped -25.4% this candle, currently 63.3% (previous candle 88.7%).
Time in Bull Critical 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 29-07-2024 closed, GBPNZD was at 2.1505, down 1.59% from the previous candle (2.1851). Market Energy was 63.3%, down 25.4 points from 88.7%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did GBPNZD price move on this Weekly candle, and how large is that historically?
GBPNZD closed at 2.1505, down 1.59% from the previous Weekly candle (2.1851). This drop is larger than 88% of past drops on the Weekly timeframe for GBPNZD, across 326 candles since 2019.
How did GBPNZD Market Energy change from the previous candle?
Market Energy fell 25.4 percentage points from the previous candle — from 88.7% to 63.3%. This drop is larger than 84% of past drops on the Weekly 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 Weekly candle?
The previous Weekly candle had GBPNZD at 88.7%, Bull Extreme — when this candle closed, GBPNZD moved down to a lower zone: Bull Extreme → Bull Critical.
Where does GBPNZD energy sit within the Bull Critical zone?
At 63.3%, GBPNZD is 11.2 points from the upper boundary of Bull Critical (74.5%) and 3.3 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Critical 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 55.4%; GER40 (European equities) in Bull Extreme with energy 97.9%. Against this backdrop, GBPNZD (Bull Critical, 63.3%) has higher energy than SPX500; lower than 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 Bias with Market Energy -43.9%. GBPNZD (Bull Critical) 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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