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| Price | ▲ 0.21% | ▼ 0.12% | ▲ 0.21% | ▲ 0.16% |
| Energy | ▲ 9.3 | ▼ 9.7 | ▲ 0.6 | ▲ 8.7 |
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: 54.66%
- Distance to upper bound of Bull Bias (at 60%): 5.34%
- Distance to lower bound of Bull Bias (at 20.88%): 33.78%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed Daily candle, CADCHF in the energy zone leaning Bull.
On the energy side, Market Energy rose +8.7% from the previous session, from 45.9% to 54.7%.
Time in Bull Bias energy zone: 7 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 +41.6 to +55.
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 28-06-2024 closed, CADCHF was at 0.657, up 0.16% from the previous candle (0.65592). Market Energy was 54.7%, up 8.7 points from 45.9%, 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 0.657, up 0.16% from the previous Daily candle (0.65592). This rise is larger than 40% of past rises on the Daily timeframe for CADCHF, across 1,715 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy rose 8.7 percentage points from the previous candle — from 45.9% to 54.7%. This rise is larger than 47% of past rises on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. 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 45.9%, Bull Bias — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bull Bias zone?
At 54.7%, CADCHF is 5.34 points from the upper boundary of Bull Bias (60%) and 33.78 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 52.4%; GER40 (European equities) in Bull Bias with energy 43.2%. Against this backdrop, CADCHF (Bull Bias, 54.7%) 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 Neutral with Market Energy 16.3%. CADCHF energy is currently above DXY by 38.4 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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