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| Price | ▲ 0.67% | ▲ 0.52% | ▼ 0.13% | ▼ 1.01% |
| Energy | ▲ 82.7 | ▲ 39.2 | ▼ 15.7 | ▼ 108.5 |
Trend of Bear Bias NZDJPY Daily
▸When NZDJPY is in Bear Bias:
- then NZDJPY moved to higher Market State: 207 times — 59.7%
- then NZDJPY moved to lower Market State: 140 times — 40.3%
▸Current NZDJPY market energy: -34.58%
- Distance to upper bound of Bear Bias (at -20.88%): 13.7%
- Distance to lower bound of Bear Bias (at -60%): 25.42%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the Daily candle, NZDJPY reflects the Market Energy state leaning Bear.
Market trend on the 2AiTrading energy system Market trend energy recorded a -108.5% drop from the previous candle, from 73.9% to -34.6%.
Time in Bear Bias energy zone: 1 Daily 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, NZDJPY Market Energy ranged from -34.9 to +89.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did NZDJPY price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 22-03-2024 closed, NZDJPY was at 90.7495, down 1.01% from the previous candle (91.679). Market Energy was -34.6%, down 108.5 points from 73.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did NZDJPY price move on this Daily candle, and how large is that historically?
NZDJPY closed at 90.7495, down 1.01% from the previous Daily candle (91.679). This drop is larger than 91% of past drops on the Daily timeframe for NZDJPY, across 1,631 candles since 2019.
How did NZDJPY Market Energy change from the previous candle?
Market Energy fell 108.5 percentage points from the previous candle — from 73.9% to -34.6%. This drop is larger than 99% of past drops on the Daily timeframe for NZDJPY.
Do NZDJPY price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was NZDJPY in on the previous Daily candle?
The previous Daily candle had NZDJPY at 73.9%, Bull Critical — when this candle closed, NZDJPY moved down to a lower zone: Bull Critical → Bear Bias.
Where does NZDJPY energy sit within the Bear Bias zone?
At -34.6%, NZDJPY is 13.7 points from the upper boundary of Bear Bias (-20.88%) and 25.42 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 Bias with energy -40.1%; GER40 (European equities) in Bull Bias with energy 59.6%. Against this backdrop, NZDJPY (Bear Bias, -34.6%) 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 Bull Extreme with Market Energy 83.5%. NZDJPY (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for NZDJPY.
Open Energy ChartSee the full 2AiTrading Model data for NZDJPY on the NZDJPY overview →
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