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| Price | ▲ 0.84% | ▲ 0.41% | ▼ 0.67% | ▼ 1.26% |
| Energy | ▲ 23.8 | ▲ 15.1 | ▼ 20.9 | ▼ 48.4 |
Trend of Neutral AUDCAD Weekly
▸When AUDCAD is in Neutral:
- then AUDCAD moved to higher Market State: 42 times — 51.2%
- then AUDCAD moved to lower Market State: 40 times — 48.8%
▸Current AUDCAD market energy: -14.67%
- Distance to upper bound of Neutral (at 20.88%): 35.55%
- Distance to lower bound of Neutral (at -20.88%): 6.21%
"Let data guide you, but never trust it completely" — 2AITRADING
Right as the Weekly candle closes, AUDCAD noted at the Neutral energy zone.
Looking at the energy level, Market Energy moved from 33.7% to -14.7%, down -48.4% from the previous candle.
Time in Neutral energy zone: 1 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 22-07-2024 closed, AUDCAD was at 0.90628, down 1.26% from the previous candle (0.91788). Market Energy was -14.7%, down 48.4 points from 33.7%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did AUDCAD price move on this Weekly candle, and how large is that historically?
AUDCAD closed at 0.90628, down 1.26% from the previous Weekly candle (0.91788). This drop is larger than 88% of past drops on the Weekly timeframe for AUDCAD, across 325 candles since 2019.
How did AUDCAD Market Energy change from the previous candle?
Market Energy fell 48.4 percentage points from the previous candle — from 33.7% to -14.7%. This drop is larger than 98% of past drops on the Weekly timeframe for AUDCAD.
Do AUDCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 33.7%, Bull Bias — when this candle closed, AUDCAD moved down to a lower zone: Bull Bias → Neutral.
Where does AUDCAD energy sit within the Neutral zone?
At -14.7%, AUDCAD is 35.55 points from the upper boundary of Neutral (20.88%) and 6.21 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 -10.9%; GER40 (European equities) in Neutral with energy 10.2%. Against this backdrop, AUDCAD (Neutral, -14.7%) sits in the same state zone as 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 -15%. AUDCAD energy is currently above DXY by 0.4 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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