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| Price | ▲ 0.55% | ▲ 0.49% | ▼ 0.32% | ▼ 0.01% |
| Energy | ▲ 27.3 | ▲ 41.2 | ▼ 9.6 | ▼ 5.8 |
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: 10.38%
- Distance to upper bound of Neutral (at 20.88%): 10.5%
- Distance to lower bound of Neutral (at -20.88%): 31.26%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
From the just-closed Daily candle data, NZDCAD in the Neutral state.
Market trend energy Market Energy reading dropped -5.8%, moving from 16.2% to 10.4% after the Daily candle.
Time in Neutral energy zone: 2 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 -42.9 to +25.7.
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 21-11-2021 closed, NZDCAD was at 0.88456, down 0.01% from the previous candle (0.88466). Market Energy was 10.4%, down 5.8 points from 16.2%, 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 0.88456, down 0.01% from the previous Daily candle (0.88466). This drop is larger than 4% of past drops on the Daily timeframe for NZDCAD, across 902 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 5.8 percentage points from the previous candle — from 16.2% to 10.4%. This drop is larger than 31% of past drops on the Daily timeframe for NZDCAD.
Do NZDCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was NZDCAD in on the previous Daily candle?
The previous Daily candle had NZDCAD at 16.2%, Neutral — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Neutral zone?
At 10.4%, NZDCAD is 10.5 points from the upper boundary of Neutral (20.88%) and 31.26 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 Neutral with energy 2.9%; GER40 (European equities) in Bear Bias with energy -33.1%. Against this backdrop, NZDCAD (Neutral, 10.4%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Bias with Market Energy 35.5%. NZDCAD energy is currently below DXY by 25.2 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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