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NZDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +22.9%.
See the full 2AiTrading Model data for NZDCAD on the NZDCAD overview →
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UP–DOWN statistics for Bull Bias NZDCAD Daily
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 58 times — 23.5%
- then NZDCAD moved to lower Market State: 189 times — 76.5%
▸Current NZDCAD market energy: 22.88%
- Distance to upper bound of Bull Bias (at 60%): 37.12%
- Distance to lower bound of Bull Bias (at 20.88%): 2%
"To truly understand anything, study its history" — 2AITRADING
Once measurement on the Daily timeframe completes, NZDCAD classified as the Bull Bias energy level.
End-of-session update for Daily, Market Energy dropped -40.2% from the previous session, from 63% to 22.9%.
Time in Bull 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 +22.9 to +63.3.
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 21-09-2020 closed, NZDCAD was in Bull Bias with Market Energy 22.9%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 40.2 percentage points from the previous candle — from 63% to 22.9%.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at 63%, Bull Critical — when this candle closed, NZDCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does NZDCAD energy sit within the Bull Bias zone?
At 22.9%, NZDCAD is 37.12 points from the upper boundary of Bull Bias (60%) and 2 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bias with energy -27.3%; GER40 (European equities) in Bear Bias with energy -40.8%. Against this backdrop, NZDCAD (Bull Bias, 22.9%) 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 -16.5%. NZDCAD energy is currently above DXY by 39.4 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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