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NZDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -22.2%.
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: -22.18%
- Distance to upper bound of Bear Bias (at -20.88%): 1.3%
- Distance to lower bound of Bear Bias (at -60%): 37.82%
"To truly understand anything, study its history" — 2AITRADING
As the Daily candle completes, NZDCAD within the energy level leaning Bear.
Meanwhile, The energy level dropped -36.1%: from 14% now at -22.2%.
Time in Bear Bias energy zone: 1 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 -22.2 to +27.2.
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 13-05-2020 closed, NZDCAD was in Bear Bias with Market Energy -22.2%, 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 36.1 percentage points from the previous candle — from 14% to -22.2%.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at 14%, Neutral — when this candle closed, NZDCAD moved down to a lower zone: Neutral → Bear Bias.
Where does NZDCAD energy sit within the Bear Bias zone?
At -22.2%, NZDCAD is 1.3 points from the upper boundary of Bear Bias (-20.88%) and 37.82 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 Extreme with energy -89.4%; GER40 (European equities) in Bear Extreme with energy -99.9%. Against this backdrop, NZDCAD (Bear Bias, -22.2%) 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 Neutral with Market Energy 5.6%. NZDCAD energy is currently below DXY by 27.8 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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