Analysis

·

Candle close
Price and energy
NZDJPY from 89.6415 to 89.532, down 0.12%
Market Energy Bull Bias 21.3% to Bear Bias -27.5%, down 48.8 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.02%▲ 0.09%▲ 0.01%▼ 0.12%
Energy▼ 7.6▲ 11.4▲ 3.3▼ 48.8
Volatility trend chart · last 4 sessions
▼ 0.02%▲ 0.09%▲ 0.01%▼ 0.12%▼ 7.6▲ 11.4▲ 3.3▼ 48.8
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.12% — higher than 74% of past drops
0%255075100%
Energy down 48.8 pts — higher than 92% of past drops
RESEARCH

Trend of Bear Bias NZDJPY 1H

Sample: 58,482 1H candles from 2017-05-01 to 2026-10-08
Number of Bear Bias occurrences: 4,422 times

▸When NZDJPY is in Bear Bias:

  • then NZDJPY moved to higher Market State: 2,775 times — 62.8%
  • then NZDJPY moved to lower Market State: 1,647 times — 37.2%

▸Current NZDJPY market energy: -27.5%

  • Distance to upper bound of Bear Bias (at -20.88%): 6.62%
  • Distance to lower bound of Bear Bias (at -60%): 32.5%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

NZDJPY · H1 · 2023-11-21 13:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
21.3%
Bull Bias
-27.5%
Bear Bias
3.9%
Neutral
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

From the just-closed 1H candle data, Market Energy of NZDJPY indicates the Bear Bias state.

Looking at the Market Energy reading, The energy level dropped -48.8%: from 21.3% now at -27.5%.

Time in Bear Bias energy zone: 1 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, NZDJPY Market Energy ranged from -99.1 to +82.3.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did NZDJPY price and energy show when this 1H candle closed?

When the 1H candle at 20:00 on 21-11-2023 closed, NZDJPY was at 89.532, down 0.12% from the previous candle (89.6415). Market Energy was -27.5%, down 48.8 points from 21.3%, 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 1H candle, and how large is that historically?

NZDJPY closed at 89.532, down 0.12% from the previous 1H candle (89.6415). This drop is larger than 74% of past drops on the 1H timeframe for NZDJPY, across 30,505 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 48.8 percentage points from the previous candle — from 21.3% to -27.5%. This drop is larger than 92% of past drops on the 1H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.

What state was NZDJPY in on the previous 1H candle?

The previous 1H candle had NZDJPY at 21.3%, Bull Bias — when this candle closed, NZDJPY moved down to a lower zone: Bull Bias → Bear Bias.

Where does NZDJPY energy sit within the Bear Bias zone?

At -27.5%, NZDJPY is 6.62 points from the upper boundary of Bear Bias (-20.88%) and 32.5 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 -93.6%; GER40 (European equities) in Bear Bias with energy -49.4%. Against this backdrop, NZDJPY (Bear Bias, -27.5%) has higher energy than SPX500; sits in the same state zone as 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 33.7%. NZDJPY (Bear Bias) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for NZDJPY.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for NZDJPY on the NZDJPY overview →

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