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| Price | ▼ 0.36% | ▼ 0.74% | ▲ 0.04% | ▼ 0.21% |
| Energy | ▼ 13.3 | ▼ 15.7 | ▼ 2.1 | ▲ 1.8 |
Trend of Bear Critical NZDCAD Daily
▸When NZDCAD is in Bear Critical:
- then NZDCAD moved to higher Market State: 67 times — 72%
- then NZDCAD moved to lower Market State: 26 times — 28%
▸Current NZDCAD market energy: -63.27%
- Distance to upper bound of Bear Critical (at -60%): 3.27%
- Distance to lower bound of Bear Critical (at -74.5%): 11.23%
"Does history really repeat itself?" — 2AITRADING
After the system processes the Daily candle, NZDCAD in Bear trend energy near extreme.
On the measurement side, Compared to the previous candle (-65.1%), Market Energy rose +1.8% to -63.3%.
Time in Bear Critical 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 -65.1 to -34.
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 07-10-2024 closed, NZDCAD was at 0.83464, down 0.21% from the previous candle (0.83641). Market Energy was -63.3%, up 1.8 points from -65.1%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did NZDCAD price move on this Daily candle, and how large is that historically?
NZDCAD closed at 0.83464, down 0.21% from the previous Daily candle (0.83641). This drop is larger than 42% of past drops on the Daily timeframe for NZDCAD, across 1,800 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 1.8 percentage points from the previous candle — from -65.1% to -63.3%. This rise is larger than 11% of past rises on the Daily timeframe for NZDCAD.
Do NZDCAD price and energy agree?
No. This candle recorded a price decline with energy moving the other way. 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 -65.1%, Bear Critical — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bear Critical zone?
At -63.3%, NZDCAD is 3.27 points from the upper boundary of Bear Critical (-60%) and 11.23 points from the lower boundary (-74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bear Critical mean?
Bear Critical is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Critical 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 57.8%; GER40 (European equities) in Bull Extreme with energy 80.2%. Against this backdrop, NZDCAD (Bear Critical, -63.3%) 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 Bull Critical with Market Energy 64.2%. NZDCAD (Bear Critical) 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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