Analysis

·

Candle close
Price and energy
NZDJPY from 97.2575 to 97.165, down 0.10%
Market Energy Bull Extreme 78.7% to Bull Bias 59.3%, down 19.4 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price▲ 0.09%▲ 0.10%▲ 0.04%▼ 0.10%
Energy▲ 15.2▲ 57.3▲ 5.6▼ 19.4
Volatility trend chart · last 4 sessions
▲ 0.09%▲ 0.10%▲ 0.04%▼ 0.10%▲ 15.2▲ 57.3▲ 5.6▼ 19.4
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.10% — higher than 65% of past drops
0%255075100%
Energy down 19.4 pts — higher than 75% of past drops
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: 59.29%

  • Distance to upper bound of Bull Bias (at 60%): 0.71%
  • Distance to lower bound of Bull Bias (at 20.88%): 38.41%

"Does history really repeat itself?" — 2AITRADING

NZDJPY · H1 · 2024-06-20 15:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
78.7%
Bull Extreme
59.3%
Bull Bias
50.3%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

As the 1H candle closes, NZDJPY recorded in the energy state leaning Bull.

The market energy reading Market Energy dropped -19.4% this candle, currently 59.3% (previous candle 78.7%).

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 -82.8 to +90.

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 22:00 on 20-06-2024 closed, NZDJPY was at 97.165, down 0.1% from the previous candle (97.2575). Market Energy was 59.3%, down 19.4 points from 78.7%, 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 97.165, down 0.1% from the previous 1H candle (97.2575). This drop is larger than 65% of past drops on the 1H timeframe for NZDJPY, across 34,108 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 19.4 percentage points from the previous candle — from 78.7% to 59.3%. This drop is larger than 75% of past drops on the 1H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. 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 78.7%, Bull Extreme — when this candle closed, NZDJPY moved down to a lower zone: Bull Extreme → Bull Bias.

Where does NZDJPY energy sit within the Bull Bias zone?

At 59.3%, NZDJPY is 0.71 points from the upper boundary of Bull Bias (60%) and 38.41 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 Bear Critical with energy -74.2%; GER40 (European equities) in Bull Extreme with energy 93.1%. Against this backdrop, NZDJPY (Bull Bias, 59.3%) has higher energy than SPX500; lower than 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 Extreme with Market Energy 85.9%. NZDJPY (Bull Bias) and DXY currently sit on the same Bull side.

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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