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Trend of Bull Bias CADCHF Daily
▸When CADCHF is in Bull Bias:
- then CADCHF moved to higher Market State: 74 times — 23.4%
- then CADCHF moved to lower Market State: 242 times — 76.6%
▸Current CADCHF market energy: 23.98%
- Distance to upper bound of Bull Bias (at 60%): 36.02%
- Distance to lower bound of Bull Bias (at 20.88%): 3.1%
"History always repeats itself, one way or another" — 2AITRADING
As the Daily candle completes, CADCHF currently in the Bull Bias energy state.
Per the 2AiTrading energy measurement system, Market Energy dropped -28% from the previous candle, from 52% to 24%.
Time in Bull Bias energy zone: 13 Daily 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, CADCHF Market Energy ranged from +24 to +57.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was CADCHF on Daily when this candle closed?
When the Daily candle at 07:00 on 15-04-2019 closed, CADCHF was in Bull Bias with Market Energy 24%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 28 percentage points from the previous candle — from 52% to 24%.
What state was CADCHF in on the previous Daily candle?
The previous Daily candle had CADCHF at 52%, Bull Bias — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bull Bias zone?
At 24%, CADCHF is 36.02 points from the upper boundary of Bull Bias (60%) and 3.1 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bull Bias with energy 23.7%; GER40 (European equities) in Bull Bias with energy 40.9%. Against this backdrop, CADCHF (Bull Bias, 24%) 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 Bull Bias with Market Energy 35.4%. CADCHF (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for CADCHF.
Open Energy ChartSee the full 2AiTrading Model data for CADCHF on the CADCHF overview →
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