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| Price | ▲ 0.16% | ▼ 0.00% | ▲ 0.21% | ▲ 0.49% |
| Energy | ▲ 1.9 | ▲ 3.4 | ▲ 9.8 | ▲ 25.2 |
Trend of Bull Bias USDCNH Daily
▸When USDCNH is in Bull Bias:
- then USDCNH moved to higher Market State: 73 times — 26.9%
- then USDCNH moved to lower Market State: 198 times — 73.1%
▸Current USDCNH market energy: 45.59%
- Distance to upper bound of Bull Bias (at 60%): 14.41%
- Distance to lower bound of Bull Bias (at 20.88%): 24.71%
"Does history really repeat itself?" — 2AITRADING
With the Daily candle just closed, USDCNH in the energy level leaning Bull.
Market trend on the 2AiTrading energy system A +25.2% change from the previous candle, Market Energy is now 45.6% (previous: 20.4%).
Time in Bull Bias energy zone: 1 Daily 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.
Over the past 5 days, USDCNH Market Energy ranged from +5.3 to +45.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did USDCNH price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 08-08-2023 closed, USDCNH was at 7.2378, up 0.49% from the previous candle (7.2027). Market Energy was 45.6%, up 25.2 points from 20.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did USDCNH price move on this Daily candle, and how large is that historically?
USDCNH closed at 7.2378, up 0.49% from the previous Daily candle (7.2027). This rise is larger than 89% of past rises on the Daily timeframe for USDCNH, across 1,439 candles since 2019.
How did USDCNH Market Energy change from the previous candle?
Market Energy rose 25.2 percentage points from the previous candle — from 20.4% to 45.6%. This rise is larger than 86% of past rises on the Daily timeframe for USDCNH.
Do USDCNH price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was USDCNH in on the previous Daily candle?
The previous Daily candle had USDCNH at 20.4%, Neutral — when this candle closed, USDCNH moved up to a higher zone: Neutral → Bull Bias.
Where does USDCNH energy sit within the Bull Bias zone?
At 45.6%, USDCNH is 14.41 points from the upper boundary of Bull Bias (60%) and 24.71 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 Bull Critical with energy 71.5%; GER40 (European equities) in Bull Extreme with energy 80.2%. Against this backdrop, USDCNH (Bull Bias, 45.6%) lower 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 -14.4%. USDCNH energy is currently above DXY by 60 points.
See the real-time energy chart for USDCNH.
Open Energy ChartSee the full 2AiTrading Model data for USDCNH on the USDCNH overview →
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