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| Price | ▼ 0.39% | ▼ 0.27% | ▲ 0.20% | ▼ 0.38% |
| Energy | ▼ 22.5 | ▼ 28.9 | ▲ 3.8 | ▼ 11.9 |
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: -22.64%
- Distance to upper bound of Bear Bias (at -20.88%): 1.76%
- Distance to lower bound of Bear Bias (at -60%): 37.36%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily data updates, CADCHF currently in the Bear Bias state.
The energy side shows Market Energy dropped -11.9% this candle, currently -22.6% (previous candle -10.7%).
Time in Bear 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 -22.6 to +36.9.
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 15-07-2024 closed, CADCHF was at 0.65474, down 0.38% from the previous candle (0.65727). Market Energy was -22.6%, down 11.9 points from -10.7%, 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 0.65474, down 0.38% from the previous Daily candle (0.65727). This drop is larger than 69% of past drops on the Daily timeframe for CADCHF, across 1,729 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 11.9 percentage points from the previous candle — from -10.7% to -22.6%. This drop is larger than 57% of past drops on the Daily timeframe for CADCHF.
Do CADCHF price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 -10.7%, Neutral — when this candle closed, CADCHF moved down to a lower zone: Neutral → Bear Bias.
Where does CADCHF energy sit within the Bear Bias zone?
At -22.6%, CADCHF is 1.76 points from the upper boundary of Bear Bias (-20.88%) and 37.36 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 -40%; GER40 (European equities) in Bull Bias with energy 21.5%. Against this backdrop, CADCHF (Bear Bias, -22.6%) lower 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 Neutral with Market Energy -18.8%. CADCHF energy is currently below DXY by 3.8 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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