Analysis

NZDJPY 89.389 ↑0.46%: Bears have the edge · D Oct 23, 2026

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Candle open
Price and energy
Open 88.977 · High 89.5125 · Low 88.7005 · Close 89.389 · Range (high − low) 0.812
NZDJPY closed at 89.389, up 0.4135 (+0.46%) from 88.9755.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -31.4% to Bear Bias at -29.7%, up 1.7 points.
Price and energy are moving up together.
Price and energy · last 4 candles
Price89.86290.187588.975589.389
Energy84.8%85.9%-31.4%-29.7%
Price change↑ 0.05%↑ 0.36%↓ 1.34%↑ 0.46%
Energy change↑ 7.6↑ 1.1↓ 117.3↑ 1.7
Volatility trend chart · last 4 sessions
↑ 0.05%↑ 0.36%↓ 1.34%↑ 0.46%↑ 7.6↑ 1.1↓ 117.3↑ 1.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price up 0.46% — higher than 66% of past rises
0%255075100%
Energy up 1.7 pts — higher than 10% of past rises
Knowledge

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

RESEARCH

Trend of Bear Bias NZDJPY Daily

Sample: 4,049 Daily candles from 2013-01-02 to 2026-10-23
Number of Bear Bias occurrences: 347 times

▸When NZDJPY is in Bear Bias:

  • then NZDJPY moved to higher Market State: 207 times — 59.7%
  • then NZDJPY moved to lower Market State: 140 times — 40.3%

▸Current NZDJPY market energy: -29.74%

  • Distance to upper bound of Bear Bias (at -20.88%): 8.86%
  • Distance to lower bound of Bear Bias (at -60%): 30.26%

"Does history really repeat itself?" — 2AITRADING

NZDJPY · D1 · 2026-10-23 00:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
-31.4%
Bear Bias
-29.7%
Bear Bias
Expected at
07:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Right as the Daily candle closes, NZDJPY recorded in Bear Bias of Market Energy.

Looking at the Market Energy reading, Market Energy rose +1.7% this candle, currently -29.7% (previous candle -31.4%).

Time in Bear Bias energy zone: 2 Daily 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, NZDJPY Market Energy ranged from -31.4 to 85.9.

Frequently asked questions

What did NZDJPY price and energy show when this Daily candle closed?

When the Daily candle closed at 07:00 on 23-10-2026, NZDJPY was at 89.389, up 0.46% from the previous candle (88.9755). Market Energy was -29.7%, up 1.7 points from -31.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did NZDJPY price move on this Daily candle, and how large is that historically?

NZDJPY closed at 89.389, up 0.46% from the previous Daily candle (88.9755). This rise is larger than 66% of past rises on the Daily timeframe for NZDJPY, across 2,441 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy rose 1.7 percentage points from the previous candle — from -31.4% to -29.7%. This rise is larger than 10% of past rises on the Daily timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. On this candle price rose and energy rose — both moved the same way. This describes the candle that just closed; it does not say where price goes next.

What state was NZDJPY in on the previous Daily candle?

The previous Daily candle had NZDJPY at -31.4%, Bear Bias — this candle kept the same state, no zone change.

Where does NZDJPY energy sit within the Bear Bias zone?

At -29.7%, NZDJPY is 8.86 points from the upper boundary of Bear Bias (-20.88%) and 30.26 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 Neutral with energy -1%; GER40 (European equities) in Bear Bias with energy -22.2%. Against this backdrop, NZDJPY (Bear Bias, -29.7%) lower than SPX500; sits in the same state zone as 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 -55.4%. NZDJPY (Bear Bias) and DXY currently sit on the same Bear side.

Real-time Energy Chart

See the real-time energy chart for NZDJPY.

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 NZDJPY on the NZDJPY overview →

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