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| Price | ▼ 30.69% | ▼ 11.01% | ▲ 15.33% | ▼ 12.37% |
| Energy | ▼ 7.1 | ▼ 6.0 | ▲ 10.2 | ▲ 2.5 |
Trend of Bear Extreme NEARUSD Weekly
▸When NEARUSD is in Bear Extreme:
- then NEARUSD moved to higher Market State: 12 times — 100%
- then NEARUSD moved to lower Market State: 0 times — 0%
▸Current NEARUSD market energy: -83.98%
- Distance to upper bound of Bear Extreme (at -74.5%): 9.48%
- Distance to bottom -100%: 16.02%
"To truly understand anything, study its history" — 2AITRADING
Reading from the Weekly candle, Market Energy of NEARUSD indicates Bear in Extreme state.
At the Weekly session close, Market trend energy recorded a +2.5% rise from the previous candle, from -86.5% to -84%.
Time in Bear Extreme energy zone: 7 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 NEARUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 27-06-2022 closed, NEARUSD was at 3.323, down 12.37% from the previous candle (3.792). Market Energy was -84%, up 2.5 points from -86.5%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did NEARUSD price move on this Weekly candle, and how large is that historically?
NEARUSD closed at 3.323, down 12.37% from the previous Weekly candle (3.792). This drop is larger than 58% of past drops on the Weekly timeframe for NEARUSD, across 88 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy rose 2.5 percentage points from the previous candle — from -86.5% to -84%. This rise is larger than 9% of past rises on the Weekly timeframe for NEARUSD.
Do NEARUSD price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. This describes the candle that just closed; it does not say where price goes next.
What state was NEARUSD in on the previous Weekly candle?
The previous Weekly candle had NEARUSD at -86.5%, Bear Extreme — this candle kept the same state, no zone change.
Where does NEARUSD energy sit within the Bear Extreme zone?
At -84%, NEARUSD is 9.48 points from the upper boundary of Bear Extreme (-74.5%) and 16.02 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 Neutral with energy -6.3%; GER40 (European equities) in Bull Extreme with energy 89.1%. Against this backdrop, NEARUSD (Bear Extreme, -84%) lower 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 11.2%. NEARUSD energy is currently below DXY by 95.1 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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