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| Price | ▼ 0.26% | ▲ 0.28% | ▼ 0.07% | ▼ 0.07% |
| Energy | ▲ 5.8 | ▲ 9.7 | ▲ 5.2 | ▼ 3.0 |
Trend of Neutral NZDCAD Daily
▸When NZDCAD is in Neutral:
- then NZDCAD moved to higher Market State: 186 times — 49.2%
- then NZDCAD moved to lower Market State: 192 times — 50.8%
▸Current NZDCAD market energy: 10.01%
- Distance to upper bound of Neutral (at 20.88%): 10.87%
- Distance to lower bound of Neutral (at -20.88%): 30.89%
"To truly understand anything, study its history" — 2AITRADING
After the Daily candle closes, NZDCAD shows the balanced Market Energy state.
End-of-session energy readings on Daily, Market Energy dropped -3% this candle, currently 10% (previous candle 13%).
Time in Neutral 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 -7.6 to +13.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did NZDCAD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 04-10-2020 closed, NZDCAD was at 0.88249, down 0.07% from the previous candle (0.88311). Market Energy was 10%, down 3.0 points from 13%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did NZDCAD price move on this Daily candle, and how large is that historically?
NZDCAD closed at 0.88249, down 0.07% from the previous Daily candle (0.88311). This drop is larger than 16% of past drops on the Daily timeframe for NZDCAD, across 550 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 3 percentage points from the previous candle — from 13% to 10%. This drop is larger than 20% of past drops on the Daily timeframe for NZDCAD.
Do NZDCAD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at 13%, Neutral — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Neutral zone?
At 10%, NZDCAD is 10.87 points from the upper boundary of Neutral (20.88%) and 30.89 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 24.7%; GER40 (European equities) in Bull Bias with energy 50%. Against this backdrop, NZDCAD (Neutral, 10%) 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 Neutral with Market Energy 8.2%. NZDCAD energy is currently above DXY by 1.8 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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