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AUDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -31.1%.
See the full 2AiTrading Model data for AUDCAD on the AUDCAD overview →
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UP–DOWN statistics for Bear Bias AUDCAD Daily
▸When AUDCAD is in Bear Bias:
- then AUDCAD moved to higher Market State: 258 times — 75.9%
- then AUDCAD moved to lower Market State: 82 times — 24.1%
▸Current AUDCAD market energy: -31.1%
- Distance to upper bound of Bear Bias (at -20.88%): 10.22%
- Distance to lower bound of Bear Bias (at -60%): 28.9%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Daily candle completes, Market AUDCAD in the energy state tilted toward Bear.
Looking at the energy level, Market Energy dropped -3.4% from the previous candle, from -27.7% to -31.1%.
Time in Bear Bias energy zone: 5 Daily Candle
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.
Over the past 5 days, AUDCAD Market Energy ranged from -56 to -24.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was AUDCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 22-08-2021 closed, AUDCAD was in Bear Bias with Market Energy -31.1%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did AUDCAD Market Energy change from the previous candle?
Market Energy fell 3.4 percentage points from the previous candle — from -27.7% to -31.1%.
What state was AUDCAD in on the previous Daily candle?
The previous Daily candle had AUDCAD at -27.7%, Bear Bias — this candle kept the same state, no zone change.
Where does AUDCAD energy sit within the Bear Bias zone?
At -31.1%, AUDCAD is 10.22 points from the upper boundary of Bear Bias (-20.88%) and 28.9 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Bull Extreme with energy 78.8%; GER40 (European equities) in Bull Extreme with energy 84.9%. Against this backdrop, AUDCAD (Bear Bias, -31.1%) 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 -84.1%. AUDCAD (Bear Bias) and DXY currently sit on the same Bear side.
See the real-time energy chart for AUDCAD.
Open Energy ChartSee the full 2AiTrading Model data for AUDCAD on the AUDCAD overview →
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