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| Price | ▲ 0.11% | ▼ 0.11% | ▲ 0.29% | ▼ 0.20% |
| Energy | ▲ 20.3 | ▼ 3.6 | ▲ 5.9 | ▼ 12.8 |
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: 13.32%
- Distance to upper bound of Neutral (at 20.88%): 7.56%
- Distance to lower bound of Neutral (at -20.88%): 34.2%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the Daily candle, NZDCAD currently in trend energy in a neutral state.
Market trend energy Market Energy dropped -12.8% this candle, currently 13.3% (previous candle 26.1%).
Time in Neutral 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 +3.4 to +26.1.
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 31-10-2023 closed, NZDCAD was at 0.80594, down 0.2% from the previous candle (0.80755). Market Energy was 13.3%, down 12.8 points from 26.1%, 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 0.80594, down 0.2% from the previous Daily candle (0.80755). This drop is larger than 38% of past drops on the Daily timeframe for NZDCAD, across 1,509 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 12.8 percentage points from the previous candle — from 26.1% to 13.3%. This drop is larger than 59% 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 26.1%, Bull Bias — when this candle closed, NZDCAD moved down to a lower zone: Bull Bias → Neutral.
Where does NZDCAD energy sit within the Neutral zone?
At 13.3%, NZDCAD is 7.56 points from the upper boundary of Neutral (20.88%) and 34.2 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 59.7%; GER40 (European equities) in Neutral with energy 18.2%. Against this backdrop, NZDCAD (Neutral, 13.3%) lower than SPX500; sits in the same state zone as 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 Bear Bias with Market Energy -57.5%. NZDCAD energy is currently above DXY by 70.8 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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