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Trend of Neutral NZDCAD Daily
▸When NZDCAD is in Neutral:
- then NZDCAD moved to higher Market State: 186 times — 49.6%
- then NZDCAD moved to lower Market State: 189 times — 50.4%
▸Current NZDCAD market energy: -19.7%
- Distance to upper bound of Neutral (at 20.88%): 40.58%
- Distance to lower bound of Neutral (at -20.88%): 1.18%
"History always repeats itself, one way or another" — 2AITRADING
Once measurement on the Daily timeframe completes, NZDCAD in the balanced trend energy zone.
Market energy measurement Market Energy dropped -6.6% this candle, currently -19.7% (previous candle -13.1%).
Time in Neutral energy zone: 4 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 -19.7 to +28.3.
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 03-04-2020 closed, NZDCAD was in Neutral with Market Energy -19.7%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 6.6 percentage points from the previous candle — from -13.1% to -19.7%.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at -13.1%, Neutral — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Neutral zone?
At -19.7%, NZDCAD is 40.58 points from the upper boundary of Neutral (20.88%) and 1.18 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 37.4%; GER40 (European equities) in Bull Bias with energy 52.2%. Against this backdrop, NZDCAD (Neutral, -19.7%) 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 Bull Critical with Market Energy 60.5%. NZDCAD energy is currently below DXY by 80.2 points.
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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