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Trend of Bear Bias AUDCAD 1H
▸When AUDCAD is in Bear Bias:
- then AUDCAD moved to higher Market State: 3,333 times — 73.3%
- then AUDCAD moved to lower Market State: 1,217 times — 26.7%
▸Current AUDCAD market energy: -50.48%
- Distance to upper bound of Bear Bias (at -20.88%): 29.6%
- Distance to lower bound of Bear Bias (at -60%): 9.52%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
As the 1H candle completes, AUDCAD recorded in the Market Energy zone leaning Bear.
End-of-session energy readings on 1H, Compared to the previous candle (-28%), Market Energy dropped -22.5% to -50.5%.
Time in Bear Bias energy zone: 2 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 -70.9 to +71.1.
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 22:00 on 31-05-2024 closed, AUDCAD was in Bear Bias with Market Energy -50.5%, 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 22.5 percentage points from the previous candle — from -28% to -50.5%.
What state was AUDCAD in on the previous 1H candle?
The previous 1H candle had AUDCAD at -28%, Bear Bias — this candle kept the same state, no zone change.
Where does AUDCAD energy sit within the Bear Bias zone?
At -50.5%, AUDCAD is 29.6 points from the upper boundary of Bear Bias (-20.88%) and 9.52 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Extreme with energy -87.4%; GER40 (European equities) in Bull Bias with energy 22.4%. Against this backdrop, AUDCAD (Bear Bias, -50.5%) 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 15.3%. AUDCAD energy is currently below DXY by 65.8 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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