Analysis

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Candle close
Price and energy
NZDJPY from 89.87 to 89.9965, up 0.14%
Market Energy Bear Bias -57.8% to Bull Bias 56.0%, up 113.8 pts
Up candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.17%▼ 0.01%▲ 0.14%▲ 0.14%
Energy▼ 15.4▼ 4.0▲ 28.8▲ 113.8
Volatility trend chart · last 4 sessions
▼ 0.17%▼ 0.01%▲ 0.14%▲ 0.14%▼ 15.4▼ 4.0▲ 28.8▲ 113.8
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price up 0.14% — higher than 79% of past rises
0%255075100%
Energy up 113.8 pts — largest on record (since 2019)
RESEARCH

Trend of Bull Bias NZDJPY 1H

Sample: 58,501 1H candles from 2017-05-01 to 2026-10-08
Number of Bull Bias occurrences: 4,693 times

▸When NZDJPY is in Bull Bias:

  • then NZDJPY moved to higher Market State: 1,864 times — 39.7%
  • then NZDJPY moved to lower Market State: 2,829 times — 60.3%

▸Current NZDJPY market energy: 55.95%

  • Distance to upper bound of Bull Bias (at 60%): 4.05%
  • Distance to lower bound of Bull Bias (at 20.88%): 35.07%

"Let data guide you, but never trust it completely" — 2AITRADING

NZDJPY · H1 · 2024-01-09 07:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
-57.8%
Bear Bias
56.0%
Bull Bias
78.0%
Bull Extreme
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Following the completion of the 1H candle, NZDJPY noted at the Bull Bias zone.

On trend energy, Market Energy rose +113.8% this candle, currently 56% (previous candle -57.8%).

Time in Bull 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 -95.4 to +79.9.

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 14:00 on 09-01-2024 closed, NZDJPY was at 89.9965, up 0.14% from the previous candle (89.87). Market Energy was 56%, up 113.8 points from -57.8%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.

How much did NZDJPY price move on this 1H candle, and how large is that historically?

NZDJPY closed at 89.9965, up 0.14% from the previous 1H candle (89.87). This rise is larger than 79% of past rises on the 1H timeframe for NZDJPY, across 31,291 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy rose 113.8 percentage points from the previous candle — from -57.8% to 56%. This is the largest of all rises on the 1H timeframe for NZDJPY on record since 2019.

Do NZDJPY price and energy agree?

Yes. On this candle price rose and energy rose — both moved the same way. This describes a closed candle, not a forecast of where price goes next.

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

The previous 1H candle had NZDJPY at -57.8%, Bear Bias — when this candle closed, NZDJPY moved up to a higher zone: Bear Bias → Bull Bias.

Where does NZDJPY energy sit within the Bull Bias zone?

At 56%, NZDJPY is 4.05 points from the upper boundary of Bull Bias (60%) and 35.07 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 Neutral with energy 19.5%; GER40 (European equities) in Bull Bias with energy 32.6%. Against this backdrop, NZDJPY (Bull Bias, 56%) 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 Neutral with Market Energy -15.7%. NZDJPY energy is currently above DXY by 71.7 points.

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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