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NZDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -33.6%.
See the full 2AiTrading Model data for NZDCAD on the NZDCAD overview →
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UP–DOWN statistics for Bear Bias NZDCAD 1H
▸When NZDCAD is in Bear Bias:
- then NZDCAD moved to higher Market State: 3,172 times — 69.8%
- then NZDCAD moved to lower Market State: 1,374 times — 30.2%
▸Current NZDCAD market energy: -33.58%
- Distance to upper bound of Bear Bias (at -20.88%): 12.7%
- Distance to lower bound of Bear Bias (at -60%): 26.42%
"Does history really repeat itself?" — 2AITRADING
Reading from the 1H candle, NZDCAD in the Bear Bias state.
Observing the NZDCAD market this session, Market Energy at -33.6%, up +14.1% from -47.7% in the previous candle.
Time in Bear Bias energy zone: 3 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 -59.8 to +86.3.
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 16:00 on 21-10-2021 closed, NZDCAD was in Bear Bias with Market Energy -33.6%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 14.1 percentage points from the previous candle — from -47.7% to -33.6%.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at -47.7%, Bear Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bear Bias zone?
At -33.6%, NZDCAD is 12.7 points from the upper boundary of Bear Bias (-20.88%) and 26.42 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Neutral with energy -8.5%; GER40 (European equities) in Bull Extreme with energy 75.8%. Against this backdrop, NZDCAD (Bear Bias, -33.6%) 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 Neutral with Market Energy 4.6%. NZDCAD energy is currently below DXY by 38.2 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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