Analysis

NZDJPY 89.091 ↓0.11%: Bears in the peak-force zone · 4H 04:00 Oct 23, 2026

·
Candle close
Price and energy
Open 89.1855 · High 89.28 · Low 89.0665 · Close 89.091 · Range (high − low) 0.2135
NZDJPY closed at 89.091, down 0.095 (-0.11%) from 89.186.
Bull–Bear energy behind the price: the market moved from the Bear Extreme zone at -84.9% to Bear Extreme at -83.2%, up 1.7 points.
Energy diverges from price.
Price and energy · last 4 candles
Price89.281589.13189.18689.091
Energy-97.9%-93.8%-84.9%-83.2%
Price change↓ 0.49%↓ 0.17%↑ 0.06%↓ 0.11%
Energy change↓ 83.0↑ 4.1↑ 8.9↑ 1.7
Volatility trend chart · last 4 sessions
↓ 0.49%↓ 0.17%↑ 0.06%↓ 0.11%↓ 83.0↑ 4.1↑ 8.9↑ 1.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.11% — higher than 51% of past drops
0%255075100%
Energy up 1.7 pts — higher than 7% of past rises
Knowledge

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

RESEARCH

Trend of Bear Extreme NZDJPY 4H

Sample: 391 4H candles from 2026-07-22 to 2026-10-21
Number of Bear Extreme occurrences: 15 times

▸When NZDJPY is in Bear Extreme:

  • then NZDJPY moved to higher Market State: 15 times — 100%
  • then NZDJPY moved to lower Market State: 0 times — 0%

▸Current NZDJPY market energy: -83.21%

  • Distance to upper bound of Bear Extreme (at -74.5%): 8.71%
  • Distance to bottom -100%: 16.79%

"History always repeats itself, one way or another" — 2AITRADING

NZDJPY · H4 · 2026-10-22 17:00 UTC
Preview the last 30 candles — price and energy
View live NZDJPY chart →
Market Energy
-84.9%
Bear Extreme
-83.2%
Bear Extreme
Expected at
08:10
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

After the 4H candle closes, NZDJPY recorded in the extreme Bear energy state.

On the measurement side, Market Energy reading rose +1.7%, moving from -84.9% to -83.2% after the 4H candle.

Time in Bear Extreme energy zone: 4 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 -97.9 to 97.6.

Frequently asked questions

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

When the 4H candle closed at 04:00 on 23-10-2026, NZDJPY was at 89.091, down 0.11% from the previous candle (89.186). Market Energy was -83.2%, up 1.7 points from -84.9%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.

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

NZDJPY closed at 89.091, down 0.11% from the previous 4H candle (89.186). This drop is larger than 51% of past drops on the 4H timeframe for NZDJPY, across 395 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 -84.9% to -83.2%. This rise is larger than 7% of past rises on the 4H timeframe for NZDJPY.

Do NZDJPY price and energy agree?

No. On this candle price fell but energy rose — the two moved in opposite directions. This describes the candle that just closed; it does not say where price goes next.

What state was NZDJPY in on the previous 4H candle?

The previous 4H candle had NZDJPY at -84.9%, Bear Extreme — this candle kept the same state, no zone change.

Where does NZDJPY energy sit within the Bear Extreme zone?

At -83.2%, NZDJPY is 8.71 points from the upper boundary of Bear Extreme (-74.5%) and 16.79 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.

What does Bear Extreme mean?

Bear Extreme 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 Extreme 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 Bias with energy -56.3%; GER40 (European equities) in Bear Bias with energy -37.8%. Against this backdrop, NZDJPY (Bear Extreme, -83.2%) lower 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 Bear Extreme with Market Energy -77%. NZDJPY (Bear Extreme) 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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