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| Price | ▼ 0.04% | ▲ 0.05% | ▼ 0.17% | ▲ 1.32% |
| Energy | ▼ 16.9 | ▼ 0.3 | ▼ 4.1 | ▲ 55.2 |
Trend of Bull Bias NZDCAD Daily
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 58 times — 23.4%
- then NZDCAD moved to lower Market State: 190 times — 76.6%
▸Current NZDCAD market energy: 42.92%
- Distance to upper bound of Bull Bias (at 60%): 17.08%
- Distance to lower bound of Bull Bias (at 20.88%): 22.04%
"To truly understand anything, study its history" — 2AITRADING
Once measurement on the Daily timeframe completes, NZDCAD in the Bull trend energy zone.
Per the 2AiTrading energy measurement system, Market Energy moved from -12.3% to 42.9%, up +55.2% from the previous candle.
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 -12.3 to +42.9.
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 14-11-2023 closed, NZDCAD was at 0.82254, up 1.32% from the previous candle (0.81183). Market Energy was 42.9%, up 55.2 points from -12.3%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did NZDCAD price move on this Daily candle, and how large is that historically?
NZDCAD closed at 0.82254, up 1.32% from the previous Daily candle (0.81183). This rise is larger than 99% of past rises on the Daily timeframe for NZDCAD, across 1,521 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 55.2 percentage points from the previous candle — from -12.3% to 42.9%. This rise is larger than 99% of past rises on the Daily timeframe for NZDCAD.
Do NZDCAD price and energy agree?
Yes. This candle recorded price moving up 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 -12.3%, Neutral — when this candle closed, NZDCAD moved up to a higher zone: Neutral → Bull Bias.
Where does NZDCAD energy sit within the Bull Bias zone?
At 42.9%, NZDCAD is 17.08 points from the upper boundary of Bull Bias (60%) and 22.04 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bull Bias with energy 34.4%; GER40 (European equities) in Bull Critical with energy 70.2%. Against this backdrop, NZDCAD (Bull Bias, 42.9%) lower 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 Bear Bias with Market Energy -55.8%. NZDCAD (Bull Bias) and DXY currently sit on opposite sides.
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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