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| Price | ▲ 0.50% | ▼ 0.24% | ▼ 0.01% | ▲ 0.01% |
| Energy | ▲ 32.8 | ▼ 6.3 | ▼ 5.1 | ▼ 5.9 |
Trend of Bull Bias CADCHF Daily
▸When CADCHF is in Bull Bias:
- then CADCHF moved to higher Market State: 75 times — 23.6%
- then CADCHF moved to lower Market State: 243 times — 76.4%
▸Current CADCHF market energy: 34.61%
- Distance to upper bound of Bull Bias (at 60%): 25.39%
- Distance to lower bound of Bull Bias (at 20.88%): 13.73%
"Let data guide you, but never trust it completely" — 2AITRADING
From the just-closed Daily candle data, CADCHF in the energy state tilted toward Bull.
Market energy measurement Market Energy dropped -5.9% this candle, currently 34.6% (previous candle 40.5%).
Time in Bull Bias energy zone: 4 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 +19.1 to +51.9.
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 12-10-2020 closed, CADCHF was at 0.69338, up 0.01% from the previous candle (0.69333). Market Energy was 34.6%, down 5.9 points from 40.5%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did CADCHF price move on this Daily candle, and how large is that historically?
CADCHF closed at 0.69338, up 0.01% from the previous Daily candle (0.69333). This rise is larger than 1% of past rises on the Daily timeframe for CADCHF, across 558 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 5.9 percentage points from the previous candle — from 40.5% to 34.6%. This drop is larger than 32% of past drops on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. 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 40.5%, Bull Bias — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bull Bias zone?
At 34.6%, CADCHF is 25.39 points from the upper boundary of Bull Bias (60%) and 13.73 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 53.4%; GER40 (European equities) in Neutral with energy 15.6%. Against this backdrop, CADCHF (Bull Bias, 34.6%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Bear Bias with Market Energy -50.6%. CADCHF (Bull 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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