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| Price | ▼ 0.42% | ▲ 0.19% | ▼ 0.25% | 0.00% |
| Energy | ▼ 27.3 | ▲ 2.7 | ▼ 8.2 | ▼ 1.4 |
Trend of Bear Bias CADCHF Daily
▸When CADCHF is in Bear Bias:
- then CADCHF moved to higher Market State: 248 times — 79.7%
- then CADCHF moved to lower Market State: 63 times — 20.3%
▸Current CADCHF market energy: -30%
- Distance to upper bound of Bear Bias (at -20.88%): 9.12%
- Distance to lower bound of Bear Bias (at -60%): 30%
"A person's history reveals more than you might think" — 2AITRADING
Reading from the Daily candle, CADCHF within the energy zone leaning Bear.
Looking at the Market Energy reading, Market trend energy recorded a -1.4% drop from the previous candle, from -28.6% to -30%.
Time in Bear Bias energy zone: 2 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 -30 to +13.4.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CADCHF price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 10-07-2020 closed, CADCHF was at 0.69235, unchanged 0% from the previous candle (0.69235). Market Energy was -30%, down 1.4 points from -28.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did CADCHF price move on this Daily candle, and how large is that historically?
CADCHF closed at 0.69235, unchanged 0% from the previous Daily candle (0.69235).
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 1.4 percentage points from the previous candle — from -28.6% to -30%. This drop is larger than 8% of past drops on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
No. On this candle price held flat while energy moved. This describes a closed candle, not a forecast of where price goes next.
What state was CADCHF in on the previous Daily candle?
The previous Daily candle had CADCHF at -28.6%, Bear Bias — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bear Bias zone?
At -30%, CADCHF is 9.12 points from the upper boundary of Bear Bias (-20.88%) and 30 points from the lower boundary (-60%) — so energy sits closer to the upper 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 Bias with energy -36.1%; GER40 (European equities) in Bear Bias with energy -52.9%. Against this backdrop, CADCHF (Bear Bias, -30%) 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 Extreme with Market Energy 80.5%. CADCHF (Bear Bias) and DXY currently sit on opposite sides.
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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