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Trend of Bear Bias NZDCAD 1H
▸When NZDCAD is in Bear Bias:
- then NZDCAD moved to higher Market State: 3,179 times — 69.8%
- then NZDCAD moved to lower Market State: 1,378 times — 30.2%
▸Current NZDCAD market energy: -24.81%
- Distance to upper bound of Bear Bias (at -20.88%): 3.93%
- Distance to lower bound of Bear Bias (at -60%): 35.19%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Right as the 1H candle closes, NZDCAD reflects the Market Energy state leaning Bear.
Looking at the energy level, Market Energy moved from -8.3% to -24.8%, down -16.5% from the previous candle.
Time in Bear 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 -80.8 to +75.9.
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 22:00 on 06-09-2024 closed, NZDCAD was in Bear Bias with Market Energy -24.8%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 16.5 percentage points from the previous candle — from -8.3% to -24.8%.
What state was NZDCAD in on the previous 1H candle?
The previous 1H candle had NZDCAD at -8.3%, Neutral — when this candle closed, NZDCAD moved down to a lower zone: Neutral → Bear Bias.
Where does NZDCAD energy sit within the Bear Bias zone?
At -24.8%, NZDCAD is 3.93 points from the upper boundary of Bear Bias (-20.88%) and 35.19 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 Bear Extreme with energy -93.7%; GER40 (European equities) in Bear Extreme with energy -96.7%. Against this backdrop, NZDCAD (Bear Bias, -24.8%) has higher energy 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 Bull Bias with Market Energy 29.1%. NZDCAD (Bear Bias) and DXY currently sit on opposite sides.
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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