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| Price | ▼ 0.05% | ▼ 0.52% | ▲ 0.09% | ▲ 0.31% |
| Energy | ▼ 3.0 | ▼ 39.5 | ▼ 5.7 | ▲ 15.4 |
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: 28.36%
- Distance to upper bound of Bull Bias (at 60%): 31.64%
- Distance to lower bound of Bull Bias (at 20.88%): 7.48%
"Let data guide you, but never trust it completely" — 2AITRADING
CADCHF processing result: the energy zone leaning Bull after the Daily candle closed.
Market trend on the 2AiTrading energy system Market trend energy recorded a +15.4% rise from the previous candle, from 12.9% to 28.4%.
Time in Bull Bias energy zone: 1 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 +12.9 to +61.2.
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 29-08-2022 closed, CADCHF was at 0.74395, up 0.31% from the previous candle (0.74163). Market Energy was 28.4%, up 15.4 points from 12.9%, 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 0.74395, up 0.31% from the previous Daily candle (0.74163). This rise is larger than 58% of past rises on the Daily timeframe for CADCHF, across 1,144 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy rose 15.4 percentage points from the previous candle — from 12.9% to 28.4%. This rise is larger than 61% of past rises on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
Yes. Both price and energy moved up on this candle. 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 12.9%, Neutral — when this candle closed, CADCHF moved up to a higher zone: Neutral → Bull Bias.
Where does CADCHF energy sit within the Bull Bias zone?
At 28.4%, CADCHF is 31.64 points from the upper boundary of Bull Bias (60%) and 7.48 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 Bear Extreme with energy -99.1%; GER40 (European equities) in Bear Extreme with energy -91%. Against this backdrop, CADCHF (Bull Bias, 28.4%) has higher energy than 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 96.6%. 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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