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Trend of Bull Bias NZDCAD 1H
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 1,271 times — 28%
- then NZDCAD moved to lower Market State: 3,273 times — 72%
▸Current NZDCAD market energy: 30.77%
- Distance to upper bound of Bull Bias (at 60%): 29.23%
- Distance to lower bound of Bull Bias (at 20.88%): 9.89%
"To truly understand anything, study its history" — 2AITRADING
Observing the completed 1H candle, NZDCAD reflects the Bull Bias level.
On trend energy, Market Energy rose +20.7% this candle, currently 30.8% (previous candle 10.1%).
Time in Bull Bias energy zone: 1 1H 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 +67.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was NZDCAD on 1H when this candle closed?
When the 1H candle at 06:00 on 04-11-2020 closed, NZDCAD was in Bull Bias with Market Energy 30.8%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 20.7 percentage points from the previous candle — from 10.1% to 30.8%.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at 10.1%, 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 30.8%, NZDCAD is 29.23 points from the upper boundary of Bull Bias (60%) and 9.89 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 53.7%; GER40 (European equities) in Bull Critical with energy 71.4%. Against this backdrop, NZDCAD (Bull Bias, 30.8%) 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 Neutral with Market Energy -17%. NZDCAD energy is currently above DXY by 47.8 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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