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AUDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -26.2%.
See the full 2AiTrading Model data for AUDCAD on the AUDCAD overview →
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UP–DOWN statistics for Bear Bias AUDCAD 1H
▸When AUDCAD is in Bear Bias:
- then AUDCAD moved to higher Market State: 3,325 times — 73.2%
- then AUDCAD moved to lower Market State: 1,217 times — 26.8%
▸Current AUDCAD market energy: -26.23%
- Distance to upper bound of Bear Bias (at -20.88%): 5.35%
- Distance to lower bound of Bear Bias (at -60%): 33.77%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed 1H candle, AUDCAD noted at Bear Bias.
Per the 2AiTrading energy measurement system, Market Energy rose +10.3% this candle, currently -26.2% (previous candle -36.6%).
Time in Bear Bias energy zone: 3 1H 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 -74.5 to +82.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was AUDCAD on 1H when this candle closed?
When the 1H candle at 18:00 on 21-10-2021 closed, AUDCAD was in Bear Bias with Market Energy -26.2%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did AUDCAD Market Energy change from the previous candle?
Market Energy rose 10.3 percentage points from the previous candle — from -36.6% to -26.2%.
What state was AUDCAD in on the previous 1H candle?
The previous 1H candle had AUDCAD at -36.6%, Bear Bias — this candle kept the same state, no zone change.
Where does AUDCAD energy sit within the Bear Bias zone?
At -26.2%, AUDCAD is 5.35 points from the upper boundary of Bear Bias (-20.88%) and 33.77 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 Bear Bias with energy -27.6%; GER40 (European equities) in Bull Critical with energy 64.9%. Against this backdrop, AUDCAD (Bear Bias, -26.2%) 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 2.7%. AUDCAD energy is currently below DXY by 28.9 points.
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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