Analysis

NZDJPY 89.126 ↓0.16%: Bears have the edge · 1H 16:00 Oct 23, 2026

·
Candle close
Price and energy
Open 89.2735 · High 89.336 · Low 89.0865 · Close 89.126 · Range (high − low) 0.2495
NZDJPY closed at 89.126, down 0.147 (-0.16%) from 89.273.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 47.3% to Bear Bias at -47.3%, down 94.6 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price89.28689.35689.27389.126
Energy83.7%76.6%47.3%-47.3%
Price change↓ 0.02%↑ 0.08%↓ 0.09%↓ 0.16%
Energy change↓ 9.2↓ 7.1↓ 29.4↓ 94.6
Volatility trend chart · last 4 sessions
↓ 0.02%↑ 0.08%↓ 0.09%↓ 0.16%↓ 9.2↓ 7.1↓ 29.4↓ 94.6
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.16% — higher than 84% of past drops
0%255075100%
Energy down 94.6 pts — higher than 99% of past drops
Knowledge

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

RESEARCH

Trend of Bear Bias NZDJPY 1H

Sample: 58,748 1H candles from 2017-05-01 to 2026-10-23
Number of Bear Bias occurrences: 4,443 times

▸When NZDJPY is in Bear Bias:

  • then NZDJPY moved to higher Market State: 2,790 times — 62.8%
  • then NZDJPY moved to lower Market State: 1,653 times — 37.2%

▸Current NZDJPY market energy: -47.29%

  • Distance to upper bound of Bear Bias (at -20.88%): 26.41%
  • Distance to lower bound of Bear Bias (at -60%): 12.71%

"Let data guide you, but never trust it completely" — 2AITRADING

NZDJPY · H1 · 2026-10-23 08:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
47.3%
Bull Bias
-47.3%
Bear Bias
Expected at
17:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

With the 1H candle just closed, NZDJPY within the energy level leaning Bear.

On the 2AiTrading energy system, Market Energy moved from 47.3% to -47.3%, down -94.6% from 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, NZDJPY Market Energy ranged from -97.4 to 99.1.

Frequently asked questions

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

When the 1H candle closed at 16:00 on 23-10-2026, NZDJPY was at 89.126, down 0.16% from the previous candle (89.273). Market Energy was -47.3%, down 94.6 points from 47.3%, 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 1H candle, and how large is that historically?

NZDJPY closed at 89.126, down 0.16% from the previous 1H candle (89.273). This drop is larger than 84% of past drops on the 1H timeframe for NZDJPY, across 48,669 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 94.6 percentage points from the previous candle — from 47.3% to -47.3%. This drop is larger than 99% of past drops on the 1H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.

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

The previous 1H candle had NZDJPY at 47.3%, Bull Bias — when this candle closed, NZDJPY moved down to a lower zone: Bull Bias → Bear Bias.

Where does NZDJPY energy sit within the Bear Bias zone?

At -47.3%, NZDJPY is 26.41 points from the upper boundary of Bear Bias (-20.88%) and 12.71 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, NZDJPY (Bear Bias, -47.3%) 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%. NZDJPY (Bear Bias) and DXY currently sit on opposite sides.

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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