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NZDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +56.0%.
See the full 2AiTrading Model data for NZDCAD on the NZDCAD overview →
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UP–DOWN statistics for Bull Bias NZDCAD 1H
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 1,270 times — 28%
- then NZDCAD moved to lower Market State: 3,267 times — 72%
▸Current NZDCAD market energy: 56%
- Distance to upper bound of Bull Bias (at 60%): 4%
- Distance to lower bound of Bull Bias (at 20.88%): 35.12%
"History always repeats itself, one way or another" — 2AITRADING
As the 1H candle completes, NZDCAD recorded in the Bull Bias state.
Looking at the Market Energy reading, Compared to the previous candle (53.3%), Market Energy rose +2.7% to 56%.
Time in Bull Bias energy zone: 4 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 -76.5 to +77.2.
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 02:00 on 22-08-2023 closed, NZDCAD was in Bull Bias with Market Energy 56%, 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 2.7 percentage points from the previous candle — from 53.3% to 56%.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at 53.3%, Bull Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bull Bias zone?
At 56%, NZDCAD is 4 points from the upper boundary of Bull Bias (60%) and 35.12 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 49.2%; GER40 (European equities) in Bull Bias with energy 41.9%. Against this backdrop, NZDCAD (Bull Bias, 56%) sits in the same state zone as 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 5.6%. NZDCAD energy is currently above DXY by 50.4 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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