Analysis

·

Candle close
Price and energy
NZDJPY from 90.17 to 90.05, down 0.13%
Market Energy Bull Critical 70.6% to Bull Bias 59.4%, down 11.2 pts
Price and energy are in agreement
Price and energy change · last 4 candles
Price0.19%0.21%0.11%0.13%
Energy9.733.818.811.2
Volatility trend chart · last 4 sessions
0.19% 0.21% 0.11% 0.13% 9.7 33.8 18.8 11.2
priceenergy up · down
Volatility · vs history since 2019
Price down 0.13% — higher than 64% of past drops
0%255075100%
Energy down 11.2 pts — higher than 52% of past drops
RESEARCH

Trend of Bull Bias NZDJPY 4H

Sample: 257 4H candles from 2026-07-22 to 2026-09-21
Number of Bull Bias occurrences: 21 times

When NZDJPY is in Bull Bias:

  • then NZDJPY moved to higher Market State: 8 times38.1%
  • then NZDJPY moved to lower Market State: 13 times61.9%

Current NZDJPY market energy: 59.4%

  • Distance to upper bound of Bull Bias (at 60%): 0.6%
  • Distance to lower bound of Bull Bias (at 20.88%): 38.52%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

NZDJPY · H4 · 2026-09-21 13:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
70.6%
Bull Critical
59.4%
Bull Bias
43.4%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

From the just-closed 4H candle data, NZDJPY within trend energy leaning Bull.

On the energy side, Market Energy reading dropped -11.2%, moving from 70.6% to 59.4% after the 4H candle.

Time in Bull 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, NZDJPY Market Energy ranged from +5.8 to +96.

Knowledge

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

Frequently asked questions

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

When the 4H candle at 20:00 on 21-09-2026 closed, NZDJPY was at 90.05, down 0.13% from the previous candle (90.17). Market Energy was 59.4%, down 11.2 points from 70.6%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.

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

NZDJPY closed at 90.05, down 0.13% from the previous 4H candle (90.17). This drop is larger than 64% of past drops on the 4H timeframe for NZDJPY, across 256 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 11.2 percentage points from the previous candle — from 70.6% to 59.4%. This drop is larger than 52% of past drops on the 4H timeframe for NZDJPY.

Do NZDJPY 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 NZDJPY in on the previous 4H candle?

The previous 4H candle had NZDJPY at 70.6%, Bull Critical — when this candle closed, NZDJPY moved down to a lower zone: Bull Critical → Bull Bias.

Where does NZDJPY energy sit within the Bull Bias zone?

At 59.4%, NZDJPY is 0.6 points from the upper boundary of Bull Bias (60%) and 38.52 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.

What does Bull Bias mean?

Bull 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 Bull 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 72.2%; GER40 (European equities) in Neutral with energy 7.8%. Against this backdrop, NZDJPY (Bull Bias, 59.4%) 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 Critical with Market Energy 68.9%. NZDJPY (Bull Bias) and DXY currently sit on the same Bull 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 →

To jump to a symbol you're interested in, click .