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| Price | ▼ 1.32% | ▼ 0.32% | ▼ 0.23% | ▼ 1.12% |
| Energy | ▼ 32.2 | ▼ 18.1 | ▼ 2.8 | ▼ 15.4 |
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: -58.71%
- Distance to upper bound of Bear Bias (at -20.88%): 37.83%
- Distance to lower bound of Bear Bias (at -60%): 1.29%
"History always repeats itself, one way or another" — 2AITRADING
Reading from the Weekly candle, AUDCAD recorded in the energy state leaning Bear.
Looking at the energy level, Market Energy at -58.7%, down -15.4% from -43.3% in the previous candle.
Time in Bear Bias energy zone: 4 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 24-01-2022 closed, AUDCAD was at 0.89283, down 1.12% from the previous candle (0.90293). Market Energy was -58.7%, down 15.4 points from -43.3%, 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 0.89283, down 1.12% from the previous Weekly candle (0.90293). This drop is larger than 87% of past drops on the Weekly timeframe for AUDCAD, across 195 candles since 2019.
How did AUDCAD Market Energy change from the previous candle?
Market Energy fell 15.4 percentage points from the previous candle — from -43.3% to -58.7%. This drop is larger than 65% 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 -43.3%, Bear Bias — this candle kept the same state, no zone change.
Where does AUDCAD energy sit within the Bear Bias zone?
At -58.7%, AUDCAD is 37.83 points from the upper boundary of Bear Bias (-20.88%) and 1.29 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 -77.5%; GER40 (European equities) in Bear Extreme with energy -85.2%. Against this backdrop, AUDCAD (Bear Bias, -58.7%) has higher energy 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 Neutral with Market Energy -12.2%. AUDCAD energy is currently below DXY by 46.5 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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