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| Price | ▼ 5.27% | ▲ 11.33% | ▲ 15.04% | ▼ 11.21% |
| Energy | ▼ 3.8 | ▲ 8.8 | ▲ 30.5 | ▼ 12.7 |
Trend of Bull Bias TRXUSD Weekly
▸When TRXUSD is in Bull Bias:
- then TRXUSD moved to higher Market State: 14 times — 33.3%
- then TRXUSD moved to lower Market State: 28 times — 66.7%
▸Current TRXUSD market energy: 22.7%
- Distance to upper bound of Bull Bias (at 60%): 37.3%
- Distance to lower bound of Bull Bias (at 20.88%): 1.82%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
The energy state leaning Bull is the result just recorded for TRXUSD after the Weekly candle closed.
Per the 2AiTrading energy measurement system, Market Energy reading dropped -12.7%, moving from 35.4% to 22.7% after the Weekly candle.
Time in Bull Bias energy zone: 2 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did TRXUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 08-06-2020 closed, TRXUSD was at 0.01616, down 11.21% from the previous candle (0.0182). Market Energy was 22.7%, down 12.7 points from 35.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did TRXUSD price move on this Weekly candle, and how large is that historically?
TRXUSD closed at 0.01616, down 11.21% from the previous Weekly candle (0.0182). This drop is larger than 70% of past drops on the Weekly timeframe for TRXUSD, across 75 candles since 2019.
How did TRXUSD Market Energy change from the previous candle?
Market Energy fell 12.7 percentage points from the previous candle — from 35.4% to 22.7%. This drop is larger than 64% of past drops on the Weekly timeframe for TRXUSD.
Do TRXUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was TRXUSD in on the previous Weekly candle?
The previous Weekly candle had TRXUSD at 35.4%, Bull Bias — this candle kept the same state, no zone change.
Where does TRXUSD energy sit within the Bull Bias zone?
At 22.7%, TRXUSD is 37.3 points from the upper boundary of Bull Bias (60%) and 1.82 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 Bull Bias with energy 53.2%; GER40 (European equities) in Bull Bias with energy 55.8%. Against this backdrop, TRXUSD (Bull Bias, 22.7%) sits in the same state zone as 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 Bull Bias with Market Energy 30.3%. TRXUSD (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for TRXUSD.
Open Energy ChartSee the full 2AiTrading Model data for TRXUSD on the TRXUSD overview →
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