Analysis

NZDCAD 0.79662 ↓0.04%: Bears have the edge · 1H 16:00 Oct 23, 2026

·
Candle close
Price and energy
Open 0.79694 · High 0.79742 · Low 0.79652 · Close 0.79662 · Range (high − low) 0.000895
NZDCAD closed at 0.79662, down 0.00032 (-0.04%) from 0.79694.
Bull–Bear energy behind the price: the market moved from the Neutral zone at 10.4% to Bear Bias at -41.6%, down 52.0 points.
Third straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price0.797460.797250.796940.79662
Energy72.4%60.9%10.4%-41.6%
Price change↑ 0.04%↓ 0.03%↓ 0.04%↓ 0.04%
Energy change↓ 6.0↓ 11.5↓ 50.6↓ 52.0
Volatility trend chart · last 4 sessions
↑ 0.04%↓ 0.03%↓ 0.04%↓ 0.04%↓ 6.0↓ 11.5↓ 50.6↓ 52.0
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.04% — higher than 41% of past drops
0%255075100%
Energy down 52.0 pts — higher than 98% of past drops
Knowledge

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

RESEARCH

Trend of Bear Bias NZDCAD 1H

Sample: 58,680 1H candles from 2017-05-01 to 2026-10-22
Number of Bear Bias occurrences: 4,643 times

▸When NZDCAD is in Bear Bias:

  • then NZDCAD moved to higher Market State: 3,231 times — 69.6%
  • then NZDCAD moved to lower Market State: 1,412 times — 30.4%

▸Current NZDCAD market energy: -41.64%

  • Distance to upper bound of Bear Bias (at -20.88%): 20.76%
  • Distance to lower bound of Bear Bias (at -60%): 18.36%

"Why does archaeology matter?" — 2AITRADING

NZDCAD · H1 · 2026-10-23 08:00 UTC
Preview the last 30 candles — price and energy
View live NZDCAD chart →
Market Energy
10.4%
Neutral
-41.6%
Bear Bias
Expected at
17:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Right as the 1H candle closes, Market NZDCAD in trend energy leaning Bear.

Per the 2AI model, Market Energy at -41.6%, down -52% from 10.4% in the previous candle.

Time in Bear Bias energy zone: 1 1H 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, NZDCAD Market Energy ranged from -95.4 to 97.6.

Frequently asked questions

What did NZDCAD price and energy show when this 1H candle closed?

When the 1H candle closed at 16:00 on 23-10-2026, NZDCAD was at 0.79662, down 0.04% from the previous candle (0.79694). Market Energy was -41.6%, down 52.0 points from 10.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did NZDCAD price move on this 1H candle, and how large is that historically?

NZDCAD closed at 0.79662, down 0.04% from the previous 1H candle (0.79694). This drop is larger than 41% of past drops on the 1H timeframe for NZDCAD, across 48,613 candles since 2019.

How did NZDCAD Market Energy change from the previous candle?

Market Energy fell 52 percentage points from the previous candle — from 10.4% to -41.6%. This drop is larger than 98% of past drops on the 1H timeframe for NZDCAD.

Do NZDCAD price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was NZDCAD in on the previous 1H candle?

The previous 1H candle had NZDCAD at 10.4%, Neutral — when this candle closed, NZDCAD moved down to a lower zone: Neutral → Bear Bias.

Where does NZDCAD energy sit within the Bear Bias zone?

At -41.6%, NZDCAD is 20.76 points from the upper boundary of Bear Bias (-20.88%) and 18.36 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Neutral with energy -18.5%; GER40 (European equities) in Bear Extreme with energy -85.8%. Against this backdrop, NZDCAD (Bear Bias, -41.6%) has higher energy than GER40; lower than SPX500.

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 Extreme with Market Energy 74.6%. NZDCAD (Bear Bias) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for NZDCAD.

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 NZDCAD on the NZDCAD overview →

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