Analysis

NZDCHF 0.46602 ↓0.02%: Bears have the edge · 1H 07:00 Oct 23, 2026

·
Candle close
Price and energy
Open 0.46611 · High 0.4662 · Low 0.46587 · Close 0.46602 · Range (high − low) 0.000325
NZDCHF closed at 0.46602, down 0.00008 (-0.02%) from 0.4661.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -40.4% to Bear Bias at -42.5%, down 2.1 points.
Fourth straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price0.466280.46620.46610.46602
Energy-34.8%-36.9%-40.4%-42.5%
Price change↓ 0.04%↓ 0.02%↓ 0.02%↓ 0.02%
Energy change↑ 1.7↓ 2.1↓ 3.5↓ 2.1
Volatility trend chart · last 4 sessions
↓ 0.04%↓ 0.02%↓ 0.02%↓ 0.02%↑ 1.7↓ 2.1↓ 3.5↓ 2.1
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.02% — higher than 17% of past drops
0%255075100%
Energy down 2.1 pts — higher than 14% of past drops
Knowledge

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

RESEARCH

Trend of Bear Bias NZDCHF 1H

Sample: 58,674 1H candles from 2017-05-01 to 2026-10-22
Number of Bear Bias occurrences: 4,551 times

▸When NZDCHF is in Bear Bias:

  • then NZDCHF moved to higher Market State: 3,296 times — 72.4%
  • then NZDCHF moved to lower Market State: 1,255 times — 27.6%

▸Current NZDCHF market energy: -42.48%

  • Distance to upper bound of Bear Bias (at -20.88%): 21.6%
  • Distance to lower bound of Bear Bias (at -60%): 17.52%

"A person's history reveals more than you might think" — 2AITRADING

NZDCHF · H1 · 2026-10-22 23:00 UTC
Preview the last 30 candles — price and energy
View live NZDCHF chart →
Market Energy
-40.4%
Bear Bias
-42.5%
Bear Bias
Expected at
08:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Following the completion of the 1H candle, NZDCHF within the Bear Bias energy level.

Looking at the energy level, Market Energy dropped -2.1% from the previous session, from -40.4% to -42.5%.

Time in Bear Bias energy zone: 6 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, NZDCHF Market Energy ranged from -98.9 to 97.2.

Frequently asked questions

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

When the 1H candle closed at 07:00 on 23-10-2026, NZDCHF was at 0.46602, down 0.02% from the previous candle (0.4661). Market Energy was -42.5%, down 2.1 points from -40.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

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

NZDCHF closed at 0.46602, down 0.02% from the previous 1H candle (0.4661). This drop is larger than 17% of past drops on the 1H timeframe for NZDCHF, across 48,614 candles since 2019.

How did NZDCHF Market Energy change from the previous candle?

Market Energy fell 2.1 percentage points from the previous candle — from -40.4% to -42.5%. This drop is larger than 14% of past drops on the 1H timeframe for NZDCHF.

Do NZDCHF price and energy agree?

Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.

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

The previous 1H candle had NZDCHF at -40.4%, Bear Bias — this candle kept the same state, no zone change.

Where does NZDCHF energy sit within the Bear Bias zone?

At -42.5%, NZDCHF is 21.6 points from the upper boundary of Bear Bias (-20.88%) and 17.52 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 -11.4%; GER40 (European equities) in Neutral with energy -16.5%. Against this backdrop, NZDCHF (Bear Bias, -42.5%) 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 -52.6%. NZDCHF (Bear Bias) and DXY currently sit on the same Bear side.

Real-time Energy Chart

See the real-time energy chart for NZDCHF.

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 NZDCHF on the NZDCHF overview →

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