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| Price | ▲ 2.18% | ▼ 4.89% | ▼ 5.63% | ▼ 4.83% |
| Energy | ▼ 2.8 | ▼ 23.1 | ▼ 44.5 | ▼ 22.9 |
Trend of Neutral TRXUSD Weekly
▸When TRXUSD is in Neutral:
- then TRXUSD moved to higher Market State: 29 times — 65.9%
- then TRXUSD moved to lower Market State: 15 times — 34.1%
▸Current TRXUSD market energy: -16.84%
- Distance to upper bound of Neutral (at 20.88%): 37.72%
- Distance to lower bound of Neutral (at -20.88%): 4.04%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Weekly session concludes, Market Energy of TRXUSD indicates the balanced Market Energy zone.
On trend energy, Market Energy dropped -22.9% this candle, currently -16.8% (previous candle 6%).
Time in Neutral 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 18-03-2024 closed, TRXUSD was at 0.12014, down 4.83% from the previous candle (0.12624). Market Energy was -16.8%, down 22.9 points from 6%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did TRXUSD price move on this Weekly candle, and how large is that historically?
TRXUSD closed at 0.12014, down 4.83% from the previous Weekly candle (0.12624). This drop is larger than 50% of past drops on the Weekly timeframe for TRXUSD, across 272 candles since 2019.
How did TRXUSD Market Energy change from the previous candle?
Market Energy fell 22.9 percentage points from the previous candle — from 6% to -16.8%. This drop is larger than 83% 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 6%, Neutral — this candle kept the same state, no zone change.
Where does TRXUSD energy sit within the Neutral zone?
At -16.8%, TRXUSD is 37.72 points from the upper boundary of Neutral (20.88%) and 4.04 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 -64.2%; GER40 (European equities) in Neutral with energy -12.9%. Against this backdrop, TRXUSD (Neutral, -16.8%) 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 54.1%. TRXUSD energy is currently below DXY by 71 points.
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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