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| Price | ▼ 7.96% | ▼ 8.40% | ▼ 14.39% | ▼ 7.89% |
| Energy | ▼ 10.7 | ▼ 23.6 | ▼ 46.0 | ▼ 20.2 |
Trend of Bear Bias NEARUSD Weekly
▸When NEARUSD is in Bear Bias:
- then NEARUSD moved to higher Market State: 16 times — 61.5%
- then NEARUSD moved to lower Market State: 10 times — 38.5%
▸Current NEARUSD market energy: -46.89%
- Distance to upper bound of Bear Bias (at -20.88%): 26.01%
- Distance to lower bound of Bear Bias (at -60%): 13.11%
"Does history really repeat itself?" — 2AITRADING
After the Weekly session ends, NEARUSD within the energy state tilted toward Bear.
The energy side shows Market Energy reading dropped -20.2%, moving from -26.7% to -46.9% after the Weekly candle.
Time in Bear Bias energy zone: 2 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 17-06-2024 closed, NEARUSD was at 5.195, down 7.89% from the previous candle (5.64). Market Energy was -46.9%, down 20.2 points from -26.7%, 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 Weekly candle, and how large is that historically?
NEARUSD closed at 5.195, down 7.89% from the previous Weekly candle (5.64). This drop is larger than 44% of past drops on the Weekly timeframe for NEARUSD, across 191 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy fell 20.2 percentage points from the previous candle — from -26.7% to -46.9%. This drop is larger than 74% of past drops on the Weekly 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 Weekly candle?
The previous Weekly candle had NEARUSD at -26.7%, Bear Bias — this candle kept the same state, no zone change.
Where does NEARUSD energy sit within the Bear Bias zone?
At -46.9%, NEARUSD is 26.01 points from the upper boundary of Bear Bias (-20.88%) and 13.11 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Bull Critical with energy 64.2%; GER40 (European equities) in Bear Bias with energy -36%. Against this backdrop, NEARUSD (Bear Bias, -46.9%) 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 -17.4%. NEARUSD energy is currently below DXY by 29.4 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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