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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: 34.74%
- Distance to upper bound of Bull Bias (at 60%): 25.26%
- Distance to lower bound of Bull Bias (at 20.88%): 13.86%
"Does history really repeat itself?" — 2AITRADING
NZDCAD classified into Bull Bias after the 1H candle completed.
Market trend update: Market Energy dropped -31.6% from the previous candle, from 66.3% to 34.7%.
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 -88.2 to +85.
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 21:00 on 09-06-2023 closed, NZDCAD was in Bull Bias with Market Energy 34.7%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 31.6 percentage points from the previous candle — from 66.3% to 34.7%.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at 66.3%, Bull Critical — when this candle closed, NZDCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does NZDCAD energy sit within the Bull Bias zone?
At 34.7%, NZDCAD is 25.26 points from the upper boundary of Bull Bias (60%) and 13.86 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 Extreme with energy 86%; GER40 (European equities) in Neutral with energy 18.7%. Against this backdrop, NZDCAD (Bull Bias, 34.7%) has higher energy than GER40; lower than 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 Bull Bias with Market Energy 27.1%. NZDCAD (Bull Bias) and DXY currently sit on the same Bull side.
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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