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| Price | ▲ 0.03% | ▲ 0.00% | ▲ 0.03% | ▲ 0.04% |
| Energy | ▲ 3.0 | ▲ 0.6 | ▲ 1.9 | ▲ 4.5 |
Trend of Bull Bias NZDCAD 1H
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 1,288 times — 28%
- then NZDCAD moved to lower Market State: 3,308 times — 72%
▸Current NZDCAD market energy: 56.28%
- Distance to upper bound of Bull Bias (at 60%): 3.72%
- Distance to lower bound of Bull Bias (at 20.88%): 35.4%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the 1H candle, NZDCAD within the Bull Bias level.
Per the 2AiTrading energy measurement system, Energy delta +4.5%: Market Energy at 56.3%, previously 51.8%.
Time in Bull Bias energy zone: 8 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 -68.9 to +85.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did NZDCAD price and energy show when this 1H candle closed?
When the 1H candle at 03:00 on 20-02-2024 closed, NZDCAD was at 0.82965, up 0.04% from the previous candle (0.82933). Market Energy was 56.3%, up 4.5 points from 51.8%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did NZDCAD price move on this 1H candle, and how large is that historically?
NZDCAD closed at 0.82965, up 0.04% from the previous 1H candle (0.82933). This rise is larger than 37% of past rises on the 1H timeframe for NZDCAD, across 31,944 candles since 2019.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 4.5 percentage points from the previous candle — from 51.8% to 56.3%. This rise is larger than 27% of past rises on the 1H timeframe for NZDCAD.
Do NZDCAD price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at 51.8%, Bull Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bull Bias zone?
At 56.3%, NZDCAD is 3.72 points from the upper boundary of Bull Bias (60%) and 35.4 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 24.2%; GER40 (European equities) in Bull Critical with energy 61.5%. Against this backdrop, NZDCAD (Bull Bias, 56.3%) 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 20.8%. NZDCAD energy is currently above DXY by 35.5 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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