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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: 52.66%
- Distance to upper bound of Bull Bias (at 60%): 7.34%
- Distance to lower bound of Bull Bias (at 20.88%): 31.78%
"History always repeats itself, one way or another" — 2AITRADING
Trend energy leaning Bull determined for NZDCAD through the Weekly candle data.
Market energy measurement Market Energy rose +8.3% from the previous session, from 44.4% to 52.7%.
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 14-12-2020 closed, NZDCAD was in Bull Bias with Market Energy 52.7%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy rose 8.3 percentage points from the previous candle — from 44.4% to 52.7%.
What state was NZDCAD in on the previous Weekly candle?
The previous Weekly candle had NZDCAD at 44.4%, Bull Bias — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Bull Bias zone?
At 52.7%, NZDCAD is 7.34 points from the upper boundary of Bull Bias (60%) and 31.78 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 Extreme with energy 80.3%; GER40 (European equities) in Neutral with energy -5.8%. Against this backdrop, NZDCAD (Bull Bias, 52.7%) 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 39.5%. 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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