Analysis

CHFJPY 191.733 ↓0.07%: Bulls & Bears in a tug-of-war · 4H 08:00 Oct 21, 2026

·
Candle close
Price and energy
Open 191.7795 · High 191.8705 · Low 191.5565 · Close 191.733 · Range (high − low) 0.314
CHFJPY closed at 191.733, down 0.1315 (-0.07%) from 191.8645.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -4.7% to Neutral at -1.9%, up 2.8 points.
Energy diverges from price.
Price and energy · last 4 candles
Price191.908191.517191.865191.733
Energy29.8%-17.0%-4.7%-1.9%
Price change↑ 0.09%↓ 0.20%↑ 0.18%↓ 0.07%
Energy change↑ 14.7↓ 46.8↑ 12.3↑ 2.8
Volatility trend chart · last 4 sessions
↑ 0.09%↓ 0.20%↑ 0.18%↓ 0.07%↑ 14.7↓ 46.8↑ 12.3↑ 2.8
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.07% — higher than 47% of past drops
0%255075100%
Energy up 2.8 pts — higher than 16% of past rises
Knowledge

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

RESEARCH

Trend of Neutral CHFJPY 4H

Sample: 384 4H candles from 2026-07-22 to 2026-10-21
Number of Neutral occurrences: 34 times

▸When CHFJPY is in Neutral:

  • then CHFJPY moved to higher Market State: 17 times — 50%
  • then CHFJPY moved to lower Market State: 17 times — 50%

▸Current CHFJPY market energy: -1.87%

  • Distance to upper bound of Neutral (at 20.88%): 22.75%
  • Distance to lower bound of Neutral (at -20.88%): 19.01%

"Does history really repeat itself?" — 2AITRADING

CHFJPY · H4 · 2026-10-20 21:00 UTC
Preview the last 30 candles — price and energy
View live CHFJPY chart →
Market Energy
-4.7%
Neutral
-1.9%
Neutral
-21.3%
Bear Bias
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

As the 4H candle completes, CHFJPY within the zone between Bull and Bear energy.

Market energy movement Market Energy rose +2.8% from the previous session, from -4.7% to -1.9%.

Time in Neutral energy zone: 3 4H 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, CHFJPY Market Energy ranged from -17 to 89.5.

Frequently asked questions

What did CHFJPY price and energy show when this 4H candle closed?

When the 4H candle closed at 08:00 on 21-10-2026, CHFJPY was at 191.733, down 0.07% from the previous candle (191.8645). Market Energy was -1.9%, up 2.8 points from -4.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.

How much did CHFJPY price move on this 4H candle, and how large is that historically?

CHFJPY closed at 191.733, down 0.07% from the previous 4H candle (191.8645). This drop is larger than 47% of past drops on the 4H timeframe for CHFJPY, across 379 candles since 2019.

How did CHFJPY Market Energy change from the previous candle?

Market Energy rose 2.8 percentage points from the previous candle — from -4.7% to -1.9%. This rise is larger than 16% of past rises on the 4H timeframe for CHFJPY.

Do CHFJPY price and energy agree?

No. This candle recorded a price decline with energy moving the other way. This describes the candle that just closed; it does not say where price goes next.

What state was CHFJPY in on the previous 4H candle?

The previous 4H candle had CHFJPY at -4.7%, Neutral — this candle kept the same state, no zone change.

Where does CHFJPY energy sit within the Neutral zone?

At -1.9%, CHFJPY is 22.75 points from the upper boundary of Neutral (20.88%) and 19.01 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 Bull Extreme with energy 91.5%; GER40 (European equities) in Bull Extreme with energy 96.5%. Against this backdrop, CHFJPY (Neutral, -1.9%) 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 Bear Bias with Market Energy -22.7%. CHFJPY energy is currently above DXY by 20.8 points.

Real-time Energy Chart

See the real-time energy chart for CHFJPY.

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 CHFJPY on the CHFJPY overview →

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