Analysis

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Price and energy
NZDJPY from 92.2625 to 92.2465, down 0.02%
Market Energy Bull Bias 38.4% to Bull Bias 35.9%, down 2.5 pts
Down candle #2 in a rowPrice and energy are in agreement
Volatility · vs history since 2019
Price down 0.02% — higher than 15% of past drops
Energy down 2.5 pts — higher than 17% of past drops
Volatility trend · last 4 candlespriceenergy
0.070.070.010.0219.82.42.32.5-3-2-1nến này
NZDJPY hub
RESEARCH

Trend of Bull Bias NZDJPY 1H

Sample: 57,804 1H candles from 2017-05-01 to 2026-08-28
Number of Bull Bias occurrences: 4,646 times

When NZDJPY is in Bull Bias:

  • then NZDJPY moved to higher Market State: 1,846 times39.7%
  • then NZDJPY moved to lower Market State: 2,800 times60.3%

Current NZDJPY market energy: 35.93%

  • Distance to upper bound of Bull Bias (at 60%): 24.07%
  • Distance to lower bound of Bull Bias (at 20.88%): 15.05%

"Does history really repeat itself?" — 2AITRADING

NZDJPY · H1 · 2026-01-20 21:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
38.4%
Bull Bias
35.9%
Bull Bias
28.3%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Reading from the 1H candle, NZDJPY in the Bull Bias state.

On trend energy, A -2.5% change from the previous candle, Market Energy is now 35.9% (previous: 38.4%).

Time in Bull Bias energy zone: 5 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 -90.6 to +100.

Knowledge

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

Frequently asked questions

What state was NZDJPY on 1H when this candle closed?

When the 1H candle at 04:00 on 21-01-2026 closed, NZDJPY was in Bull Bias with Market Energy 35.9%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 2.5 percentage points from the previous candle — from 38.4% to 35.9%.

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

The previous 1H candle had NZDJPY at 38.4%, Bull Bias — this candle kept the same state, no zone change.

Where does NZDJPY energy sit within the Bull Bias zone?

At 35.9%, NZDJPY is 24.07 points from the upper boundary of Bull Bias (60%) and 15.05 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bias with energy -51.9%; GER40 (European equities) in Bear Bias with energy -45.7%. Against this backdrop, NZDJPY (Bull Bias, 35.9%) has higher energy 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 Neutral with Market Energy 6.4%. NZDJPY energy is currently above DXY by 29.6 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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