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| Price | ▼ 0.57% | ▼ 0.06% | ▼ 1.00% | ▼ 1.63% |
| Energy | ▼ 3.6 | ▼ 2.6 | ▼ 15.7 | ▼ 87.1 |
Trend of Bear Bias NEARUSD 1H
▸When NEARUSD is in Bear Bias:
- then NEARUSD moved to higher Market State: 2,773 times — 70.4%
- then NEARUSD moved to lower Market State: 1,165 times — 29.6%
▸Current NEARUSD market energy: -23.05%
- Distance to upper bound of Bear Bias (at -20.88%): 2.17%
- Distance to lower bound of Bear Bias (at -60%): 36.95%
"To truly understand anything, study its history" — 2AITRADING
NEARUSD processing result: the Bear Bias level after the 1H candle closed.
Market trend energy Energy delta -87.1%: Market Energy at -23%, previously 64%.
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, NEARUSD Market Energy ranged from -97.8 to +99.6.
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 17:00 on 07-10-2024 closed, NEARUSD was at 5.071, down 1.63% from the previous candle (5.155). Market Energy was -23%, down 87.1 points from 64%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did NEARUSD price move on this 1H candle, and how large is that historically?
NEARUSD closed at 5.071, down 1.63% from the previous 1H candle (5.155). This drop is larger than 84% of past drops on the 1H timeframe for NEARUSD, across 34,879 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy fell 87.1 percentage points from the previous candle — from 64% to -23%. This drop is larger than 99% of past drops on the 1H timeframe for NEARUSD.
Do NEARUSD 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 NEARUSD in on the previous 1H candle?
The previous 1H candle had NEARUSD at 64%, Bull Critical — when this candle closed, NEARUSD moved down to a lower zone: Bull Critical → Bear Bias.
Where does NEARUSD energy sit within the Bear Bias zone?
At -23%, NEARUSD is 2.17 points from the upper boundary of Bear Bias (-20.88%) and 36.95 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 Extreme with energy -76.1%. Against this backdrop, NEARUSD (Bear Bias, -23%) 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 Bull Critical with Market Energy 67.7%. NEARUSD (Bear Bias) and DXY currently sit on opposite sides.
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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