Analysis

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Candle close
Price and energy
NZDJPY from 90.224 to 90.0775, down 0.16%
Market Energy Bull Bias 56.2% to Bull Bias 36.4%, down 19.8 pts
Down candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.14%▲ 0.56%▼ 0.12%▼ 0.16%
Energy▼ 37.9▲ 55.2▼ 4.4▼ 19.8
Volatility trend chart · last 4 sessions
▼ 0.14%▲ 0.56%▼ 0.12%▼ 0.16%▼ 37.9▲ 55.2▼ 4.4▼ 19.8
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.16% — higher than 70% of past drops
0%255075100%
Energy down 19.8 pts — higher than 70% of past drops
RESEARCH

Trend of Bull Bias NZDJPY 4H

Sample: 276 4H candles from 2026-07-22 to 2026-09-24
Number of Bull Bias occurrences: 23 times

▸When NZDJPY is in Bull Bias:

  • then NZDJPY moved to higher Market State: 8 times — 34.8%
  • then NZDJPY moved to lower Market State: 15 times — 65.2%

▸Current NZDJPY market energy: 36.36%

  • Distance to upper bound of Bull Bias (at 60%): 23.64%
  • Distance to lower bound of Bull Bias (at 20.88%): 15.48%

"To truly understand anything, study its history" — 2AITRADING

NZDJPY · H4 · 2026-09-22 09:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
56.2%
Bull Bias
36.4%
Bull Bias
24.7%
Bull Bias
Zone
20.88 – 60
Bias
Buyers in control
Explanation

As the 4H candle completes, NZDJPY reflects Bull Bias of Market Energy.

On the measurement side, Market Energy moved from 56.2% to 36.4%, down -19.8% from the previous candle.

Time in Bull Bias energy zone: 2 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 +5.5 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 16:00 on 22-09-2026 closed, NZDJPY was at 90.0775, down 0.16% from the previous candle (90.224). Market Energy was 36.4%, down 19.8 points from 56.2%, 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 90.0775, down 0.16% from the previous 4H candle (90.224). This drop is larger than 70% of past drops on the 4H timeframe for NZDJPY, across 261 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 19.8 percentage points from the previous candle — from 56.2% to 36.4%. This drop is larger than 70% of past drops on the 4H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. On this candle price fell and energy fell — both moved the same way. 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 56.2%, Bull Bias — this candle kept the same state, no zone change.

Where does NZDJPY energy sit within the Bull Bias zone?

At 36.4%, NZDJPY is 23.64 points from the upper boundary of Bull Bias (60%) and 15.48 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bias with energy 48.3%; GER40 (European equities) in Bull Critical with energy 65.9%. Against this backdrop, NZDJPY (Bull Bias, 36.4%) lower than GER40; sits in the same state zone as 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 Neutral with Market Energy -18.4%. NZDJPY energy is currently above DXY by 54.8 points.

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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