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| Price | ▼ 0.14% | ▲ 1.94% | ▲ 0.37% | ▼ 1.85% |
| Energy | ▼ 6.9 | ▲ 42.4 | ▲ 16.3 | ▼ 62.7 |
Trend of Bull Bias NEARUSD 1H
▸When NEARUSD is in Bull Bias:
- then NEARUSD moved to higher Market State: 1,226 times — 32.5%
- then NEARUSD moved to lower Market State: 2,549 times — 67.5%
▸Current NEARUSD market energy: 28.57%
- Distance to upper bound of Bull Bias (at 60%): 31.43%
- Distance to lower bound of Bull Bias (at 20.88%): 7.69%
"Let data guide you, but never trust it completely" — 2AITRADING
From the just-closed 1H candle data, NEARUSD currently in the Bull Bias level.
Per the 2AiTrading energy measurement system, Energy delta -62.7%: Market Energy at 28.6%, previously 91.3%.
Time in Bull 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, NEARUSD Market Energy ranged from -100 to +91.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did NEARUSD price and energy show when this 1H candle closed?
When the 1H candle at 19:00 on 22-08-2024 closed, NEARUSD was at 4.245, down 1.85% from the previous candle (4.325). Market Energy was 28.6%, down 62.7 points from 91.3%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did NEARUSD price move on this 1H candle, and how large is that historically?
NEARUSD closed at 4.245, down 1.85% from the previous 1H candle (4.325). This drop is larger than 87% of past drops on the 1H timeframe for NEARUSD, across 33,777 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy fell 62.7 percentage points from the previous candle — from 91.3% to 28.6%. This drop is larger than 98% of past drops on the 1H timeframe for NEARUSD.
Do NEARUSD 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 NEARUSD in on the previous 1H candle?
The previous 1H candle had NEARUSD at 91.3%, Bull Extreme — when this candle closed, NEARUSD moved down to a lower zone: Bull Extreme → Bull Bias.
Where does NEARUSD energy sit within the Bull Bias zone?
At 28.6%, NEARUSD is 31.43 points from the upper boundary of Bull Bias (60%) and 7.69 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Extreme with energy 82.7%; GER40 (European equities) in Bull Bias with energy 21.3%. Against this backdrop, NEARUSD (Bull Bias, 28.6%) 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 Neutral with Market Energy 7.6%. NEARUSD energy is currently above DXY by 20.9 points.
See the real-time energy chart for NEARUSD.
Open Energy ChartSee the full 2AiTrading Model data for NEARUSD on the NEARUSD overview →
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