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| Price | ▼ 0.32% | ▼ 0.37% | ▼ 0.01% | ▼ 0.12% |
| Energy | ▼ 8.0 | ▼ 4.4 | ▲ 6.1 | ▼ 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: -28.21%
- Distance to upper bound of Bear Bias (at -20.88%): 7.33%
- Distance to lower bound of Bear Bias (at -60%): 31.79%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Reading from the Daily candle, CADCHF recorded in energy leaning Bear.
The market energy reading Market Energy dropped -1.4% from the previous candle, from -26.9% to -28.2%.
Time in Bear 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 -32.9 to -20.1.
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 12-08-2022 closed, CADCHF was at 0.73683, down 0.12% from the previous candle (0.7377). Market Energy was -28.2%, down 1.4 points from -26.9%, 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 0.73683, down 0.12% from the previous Daily candle (0.7377). This drop is larger than 30% of past drops on the Daily timeframe for CADCHF, across 1,130 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 1.4 percentage points from the previous candle — from -26.9% to -28.2%. This drop is larger than 9% of past drops on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was CADCHF in on the previous Daily candle?
The previous Daily candle had CADCHF at -26.9%, Bear Bias — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bear Bias zone?
At -28.2%, CADCHF is 7.33 points from the upper boundary of Bear Bias (-20.88%) and 31.79 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 Critical with energy -60%; GER40 (European equities) in Bear Bias with energy -55.4%. Against this backdrop, CADCHF (Bear Bias, -28.2%) has higher energy than SPX500; sits in the same state zone as 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 12.4%. CADCHF energy is currently below DXY by 40.6 points.
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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