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Trend of Bull Bias AUDCAD 1H
▸When AUDCAD is in Bull Bias:
- then AUDCAD moved to higher Market State: 1,239 times — 27.7%
- then AUDCAD moved to lower Market State: 3,237 times — 72.3%
▸Current AUDCAD market energy: 42.62%
- Distance to upper bound of Bull Bias (at 60%): 17.38%
- Distance to lower bound of Bull Bias (at 20.88%): 21.74%
"Does history really repeat itself?" — 2AITRADING
As the 1H candle completes, AUDCAD shows the Bull Bias zone.
Market energy measurement The energy level dropped -17.6%: from 60.2% now at 42.6%.
Time in Bull Bias energy zone: 1 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 -71.2 to +87.7.
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 19:00 on 23-11-2023 closed, AUDCAD was in Bull Bias with Market Energy 42.6%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did AUDCAD Market Energy change from the previous candle?
Market Energy fell 17.6 percentage points from the previous candle — from 60.2% to 42.6%.
What state was AUDCAD in on the previous 1H candle?
The previous 1H candle had AUDCAD at 60.2%, Bull Critical — when this candle closed, AUDCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does AUDCAD energy sit within the Bull Bias zone?
At 42.6%, AUDCAD is 17.38 points from the upper boundary of Bull Bias (60%) and 21.74 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Neutral with energy 7.1%; GER40 (European equities) in Bull Critical with energy 69.7%. Against this backdrop, AUDCAD (Bull Bias, 42.6%) has higher energy than SPX500; lower than 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 -0.6%. AUDCAD energy is currently above DXY by 43.3 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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