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| Price | ▲ 67.61% | ▼ 3.90% | ▼ 11.92% | ▲ 2.86% |
| Energy | ▲ 7.6 | ▼ 7.2 | ▼ 19.6 | ▼ 9.6 |
Trend of Bull Bias NEARUSD Weekly
▸When NEARUSD is in Bull Bias:
- then NEARUSD moved to higher Market State: 9 times — 37.5%
- then NEARUSD moved to lower Market State: 15 times — 62.5%
▸Current NEARUSD market energy: 52.58%
- Distance to upper bound of Bull Bias (at 60%): 7.42%
- Distance to lower bound of Bull Bias (at 20.88%): 31.7%
"Does history really repeat itself?" — 2AITRADING
After the Weekly session ends, NEARUSD recorded in the Bull Bias zone.
On the measurement side, Market Energy moved from 62.2% to 52.6%, down -9.6% from the previous candle.
Time in Bull 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 NEARUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 08-01-2024 closed, NEARUSD was at 3.307, up 2.86% from the previous candle (3.215). Market Energy was 52.6%, down 9.6 points from 62.2%, 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 Weekly candle, and how large is that historically?
NEARUSD closed at 3.307, up 2.86% from the previous Weekly candle (3.215). This rise is larger than 18% of past rises on the Weekly timeframe for NEARUSD, across 168 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy fell 9.6 percentage points from the previous candle — from 62.2% to 52.6%. This drop is larger than 53% of past drops on the Weekly timeframe for NEARUSD.
Do NEARUSD price and energy agree?
No. This candle recorded a price rise with energy moving the other way. 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 62.2%, Bull Critical — when this candle closed, NEARUSD moved down to a lower zone: Bull Critical → Bull Bias.
Where does NEARUSD energy sit within the Bull Bias zone?
At 52.6%, NEARUSD is 7.42 points from the upper boundary of Bull Bias (60%) and 31.7 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bias with energy 43.4%; GER40 (European equities) in Bull Critical with energy 69.4%. Against this backdrop, NEARUSD (Bull Bias, 52.6%) lower than GER40; sits in the same state zone as SPX500.
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 -58.5%. NEARUSD (Bull 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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