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| Price | ▼ 0.70% | ▼ 1.32% | ▼ 0.32% | ▼ 0.23% |
| Energy | ▼ 7.6 | ▼ 32.2 | ▼ 18.1 | ▼ 2.8 |
Trend of Bear Bias AUDCAD Weekly
▸When AUDCAD is in Bear Bias:
- then AUDCAD moved to higher Market State: 40 times — 71.4%
- then AUDCAD moved to lower Market State: 16 times — 28.6%
▸Current AUDCAD market energy: -43.35%
- Distance to upper bound of Bear Bias (at -20.88%): 22.47%
- Distance to lower bound of Bear Bias (at -60%): 16.65%
"Does history really repeat itself?" — 2AITRADING
With the Weekly candle just closed, AUDCAD within the Market Energy zone leaning Bear.
Market energy movement Market Energy dropped -2.8% from the previous session, from -40.6% to -43.3%.
Time in Bear Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did AUDCAD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 17-01-2022 closed, AUDCAD was at 0.90293, down 0.23% from the previous candle (0.90503). Market Energy was -43.3%, down 2.8 points from -40.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did AUDCAD price move on this Weekly candle, and how large is that historically?
AUDCAD closed at 0.90293, down 0.23% from the previous Weekly candle (0.90503). This drop is larger than 27% of past drops on the Weekly timeframe for AUDCAD, across 194 candles since 2019.
How did AUDCAD Market Energy change from the previous candle?
Market Energy fell 2.8 percentage points from the previous candle — from -40.6% to -43.3%. This drop is larger than 11% of past drops on the Weekly timeframe for AUDCAD.
Do AUDCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was AUDCAD in on the previous Weekly candle?
The previous Weekly candle had AUDCAD at -40.6%, Bear Bias — this candle kept the same state, no zone change.
Where does AUDCAD energy sit within the Bear Bias zone?
At -43.3%, AUDCAD is 22.47 points from the upper boundary of Bear Bias (-20.88%) and 16.65 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 Bull Critical with energy 60.8%; GER40 (European equities) in Bull Bias with energy 50.5%. Against this backdrop, AUDCAD (Bear Bias, -43.3%) 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 Bull Critical with Market Energy 74%. AUDCAD (Bear Bias) and DXY currently sit on opposite sides.
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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