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| Price | ▲ 22.72% | ▲ 17.39% | ▼ 14.12% | ▼ 24.10% |
| Energy | ▲ 20.8 | ▲ 84.7 | ▼ 17.0 | ▼ 84.3 |
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: -50.59%
- Distance to upper bound of Bear Bias (at -20.88%): 29.71%
- Distance to lower bound of Bear Bias (at -60%): 9.41%
"A person's history reveals more than you might think" — 2AITRADING
Observing the completed Weekly candle, NEARUSD within Bear Bias of Market Energy.
Per the 2AiTrading energy measurement system, The energy level dropped -84.3%: from 33.7% now at -50.6%.
Time in Bear 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 29-07-2024 closed, NEARUSD was at 4.133, down 24.1% from the previous candle (5.445). Market Energy was -50.6%, down 84.3 points from 33.7%, 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 4.133, down 24.1% from the previous Weekly candle (5.445). This drop is larger than 89% of past drops on the Weekly timeframe for NEARUSD, across 197 candles since 2019.
How did NEARUSD Market Energy change from the previous candle?
Market Energy fell 84.3 percentage points from the previous candle — from 33.7% to -50.6%. This is the largest of all drops on the Weekly timeframe for NEARUSD on record since 2019.
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 33.7%, Bull Bias — when this candle closed, NEARUSD moved down to a lower zone: Bull Bias → Bear Bias.
Where does NEARUSD energy sit within the Bear Bias zone?
At -50.6%, NEARUSD is 29.71 points from the upper boundary of Bear Bias (-20.88%) and 9.41 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 Bias with energy 55.4%; GER40 (European equities) in Bull Extreme with energy 97.9%. Against this backdrop, NEARUSD (Bear Bias, -50.6%) 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 Bear Bias with Market Energy -43.9%. NEARUSD (Bear Bias) and DXY currently sit on the same Bear side.
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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