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Trend of Neutral NZDCAD Weekly
▸When NZDCAD is in Neutral:
- then NZDCAD moved to higher Market State: 39 times — 47.6%
- then NZDCAD moved to lower Market State: 43 times — 52.4%
▸Current NZDCAD market energy: 4.08%
- Distance to upper bound of Neutral (at 20.88%): 16.8%
- Distance to lower bound of Neutral (at -20.88%): 24.96%
"Does history really repeat itself?" — 2AITRADING
Reading from the Weekly candle, NZDCAD within the Neutral state.
Per the 2AiTrading energy measurement system, Market Energy dropped -13.7% from the previous session, from 17.7% to 4.1%.
Time in Neutral energy zone: 2 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 07-10-2024 closed, NZDCAD was in Neutral with Market Energy 4.1%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did NZDCAD Market Energy change from the previous candle?
Market Energy fell 13.7 percentage points from the previous candle — from 17.7% to 4.1%.
What state was NZDCAD in on the previous Weekly candle?
The previous Weekly candle had NZDCAD at 17.7%, Neutral — this candle kept the same state, no zone change.
Where does NZDCAD energy sit within the Neutral zone?
At 4.1%, NZDCAD is 16.8 points from the upper boundary of Neutral (20.88%) and 24.96 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 57.8%; GER40 (European equities) in Bull Extreme with energy 80.2%. Against this backdrop, NZDCAD (Neutral, 4.1%) lower 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 Critical with Market Energy 64.2%. NZDCAD energy is currently below DXY by 60.1 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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