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Trend of Bull Bias NZDCAD Weekly
▸When NZDCAD is in Bull Bias:
- then NZDCAD moved to higher Market State: 10 times — 20.4%
- then NZDCAD moved to lower Market State: 39 times — 79.6%
▸Current NZDCAD market energy: 32.67%
- Distance to upper bound of Bull Bias (at 60%): 27.33%
- Distance to lower bound of Bull Bias (at 20.88%): 11.79%
"History always repeats itself, one way or another" — 2AITRADING
NZDCAD classified into the Bull Bias level after the Weekly candle completed.
Observing the NZDCAD market this session, Compared to the previous candle (41%), Market Energy dropped -8.3% to 32.7%.
Time in Bull Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was NZDCAD on Weekly when this candle closed?
When the Weekly candle at 07:00 on 15-06-2020 closed, NZDCAD was in Bull Bias with Market Energy 32.7%, 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 8.3 percentage points from the previous candle — from 41% to 32.7%.
What state was NZDCAD in on the previous Weekly candle?
The previous Weekly candle had NZDCAD at 41%, Bull Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bull Bias zone?
At 32.7%, NZDCAD is 27.33 points from the upper boundary of Bull Bias (60%) and 11.79 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 Bear Bias with energy -48.6%; GER40 (European equities) in Bear Critical with energy -69.1%. Against this backdrop, NZDCAD (Bull Bias, 32.7%) 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 Neutral with Market Energy -1.7%. NZDCAD energy is currently above DXY by 34.3 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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