Analysis

CHFJPY 191.494 ↓0.12%: Bears have the edge · 4H 12:00 Oct 21, 2026

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Candle close
Price and energy
Open 191.7645 · High 191.785 · Low 191.4855 · Close 191.494 · Range (high − low) 0.2995
CHFJPY closed at 191.494, down 0.239 (-0.12%) from 191.733.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -1.9% to Bear Bias at -21.3%, down 19.4 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price191.517191.865191.733191.494
Energy-17.0%-4.7%-1.9%-21.3%
Price change↓ 0.20%↑ 0.18%↓ 0.07%↓ 0.12%
Energy change↓ 46.8↑ 12.3↑ 2.8↓ 19.4
Volatility trend chart · last 4 sessions
↓ 0.20%↑ 0.18%↓ 0.07%↓ 0.12%↓ 46.8↑ 12.3↑ 2.8↓ 19.4
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.12% — higher than 72% of past drops
0%255075100%
Energy down 19.4 pts — higher than 71% of past drops
Knowledge

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

RESEARCH

Trend of Bear Bias CHFJPY 4H

Sample: 382 4H candles from 2026-07-22 to 2026-10-21
Number of Bear Bias occurrences: 28 times

▸When CHFJPY is in Bear Bias:

  • then CHFJPY moved to higher Market State: 19 times — 67.9%
  • then CHFJPY moved to lower Market State: 9 times — 32.1%

▸Current CHFJPY market energy: -21.27%

  • Distance to upper bound of Bear Bias (at -20.88%): 0.39%
  • Distance to lower bound of Bear Bias (at -60%): 38.73%

"Why does archaeology matter?" — 2AITRADING

CHFJPY · H4 · 2026-10-21 01:00 UTC
Preview the last 30 candles — price and energy
View live CHFJPY chart →
Market Energy
-1.9%
Neutral
-21.3%
Bear Bias
-3.7%
Neutral
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Trend energy leaning Bear determined for CHFJPY through the 4H candle data.

Meanwhile, A -19.4% change from the previous candle, Market Energy is now -21.3% (previous: -1.9%).

Time in Bear Bias energy zone: 1 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 -21.3 to 89.5.

Frequently asked questions

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

When the 4H candle closed at 12:00 on 21-10-2026, CHFJPY was at 191.494, down 0.12% from the previous candle (191.733). Market Energy was -21.3%, down 19.4 points from -1.9%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

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

CHFJPY closed at 191.494, down 0.12% from the previous 4H candle (191.733). This drop is larger than 72% of past drops on the 4H timeframe for CHFJPY, across 380 candles since 2019.

How did CHFJPY Market Energy change from the previous candle?

Market Energy fell 19.4 percentage points from the previous candle — from -1.9% to -21.3%. This drop is larger than 71% of past drops on the 4H timeframe for CHFJPY.

Do CHFJPY 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 CHFJPY in on the previous 4H candle?

The previous 4H candle had CHFJPY at -1.9%, Neutral — when this candle closed, CHFJPY moved down to a lower zone: Neutral → Bear Bias.

Where does CHFJPY energy sit within the Bear Bias zone?

At -21.3%, CHFJPY is 0.39 points from the upper boundary of Bear Bias (-20.88%) and 38.73 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.

What does Bear Bias mean?

Bear 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 Bear 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 64.8%; GER40 (European equities) in Bull Bias with energy 37.5%. Against this backdrop, CHFJPY (Bear Bias, -21.3%) 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 -2.4%. CHFJPY energy is currently below DXY by 18.9 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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