Analysis

NZDJPY 89.72 ↓0.61%: Bulls & Bears in a tug-of-war · 4H 12:00 Oct 22, 2026

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Candle close
Price and energy
Open 90.2725 · High 90.292 · Low 89.568 · Close 89.72 · Range (high − low) 0.724
NZDJPY closed at 89.72, down 0.553 (-0.61%) from 90.273.
Bull–Bear energy behind the price: the market moved from the Bull Critical zone at 71.7% to Neutral at -14.9%, down 86.6 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price90.10890.126590.27389.72
Energy68.7%77.2%71.7%-14.9%
Price change↑ 0.23%↑ 0.02%↑ 0.16%↓ 0.61%
Energy change↑ 45.8↑ 8.5↓ 5.5↓ 86.6
Volatility trend chart · last 4 sessions
↑ 0.23%↑ 0.02%↑ 0.16%↓ 0.61%↑ 45.8↑ 8.5↓ 5.5↓ 86.6
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.61% — higher than 95% of past drops
0%255075100%
Energy down 86.6 pts — higher than 98% of past drops
Knowledge

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

RESEARCH

Trend of Neutral NZDJPY 4H

Sample: 392 4H candles from 2026-07-22 to 2026-10-22
Number of Neutral occurrences: 39 times

▸When NZDJPY is in Neutral:

  • then NZDJPY moved to higher Market State: 22 times — 56.4%
  • then NZDJPY moved to lower Market State: 17 times — 43.6%

▸Current NZDJPY market energy: -14.87%

  • Distance to upper bound of Neutral (at 20.88%): 35.75%
  • Distance to lower bound of Neutral (at -20.88%): 6.01%

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

NZDJPY · H4 · 2026-10-22 01:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
71.7%
Bull Critical
-14.9%
Neutral
-97.9%
Bear Extreme
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

With the 4H candle just closed, Result for NZDJPY: the Neutral level.

Per the 2AiTrading energy measurement system, The energy level dropped -86.6%: from 71.7% now at -14.9%.

Time in Neutral 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 -21.2 to 97.6.

Frequently asked questions

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

When the 4H candle closed at 12:00 on 22-10-2026, NZDJPY was at 89.72, down 0.61% from the previous candle (90.273). Market Energy was -14.9%, down 86.6 points from 71.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.

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

NZDJPY closed at 89.72, down 0.61% from the previous 4H candle (90.273). This drop is larger than 95% of past drops on the 4H timeframe for NZDJPY, across 391 candles since 2019.

How did NZDJPY Market Energy change from the previous candle?

Market Energy fell 86.6 percentage points from the previous candle — from 71.7% to -14.9%. This drop is larger than 98% of past drops on the 4H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

Yes. This candle recorded price moving down in the same direction as energy. 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 71.7%, Bull Critical — when this candle closed, NZDJPY moved down to a lower zone: Bull Critical → Neutral.

Where does NZDJPY energy sit within the Neutral zone?

At -14.9%, NZDJPY is 35.75 points from the upper boundary of Neutral (20.88%) and 6.01 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.

What does Neutral mean?

Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Neutral 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 Bear Critical with energy -70.4%; GER40 (European equities) in Bear Bias with energy -36.3%. Against this backdrop, NZDJPY (Neutral, -14.9%) has higher energy 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 Neutral with Market Energy -11.4%. NZDJPY energy is currently below DXY by 3.5 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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