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NZDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -38.3%.
See the full 2AiTrading Model data for NZDCAD on the NZDCAD overview →
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UP–DOWN statistics for Bear Bias NZDCAD Daily
▸When NZDCAD is in Bear Bias:
- then NZDCAD moved to higher Market State: 192 times — 71.6%
- then NZDCAD moved to lower Market State: 76 times — 28.4%
▸Current NZDCAD market energy: -38.33%
- Distance to upper bound of Bear Bias (at -20.88%): 17.45%
- Distance to lower bound of Bear Bias (at -60%): 21.67%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Daily candle, NZDCAD recorded in the energy state leaning Bear.
The NZDCAD market at session end, Compared to the previous candle (-25%), Market Energy dropped -13.3% to -38.3%.
Time in Bear Bias energy zone: 5 Daily 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, NZDCAD Market Energy ranged from -38.3 to -25.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was NZDCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 21-08-2019 closed, NZDCAD was in Bear Bias with Market Energy -38.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 13.3 percentage points from the previous candle — from -25% to -38.3%.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at -25%, Bear Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bear Bias zone?
At -38.3%, NZDCAD is 17.45 points from the upper boundary of Bear Bias (-20.88%) and 21.67 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 Critical with energy -68.4%; GER40 (European equities) in Bear Critical with energy -64.1%. Against this backdrop, NZDCAD (Bear Bias, -38.3%) 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 Bear Critical with Market Energy -65.7%. NZDCAD (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for NZDCAD.
Open Energy ChartSee the full 2AiTrading Model data for NZDCAD on the NZDCAD overview →
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