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| Price | ▲ 0.00% | ▼ 0.42% | ▼ 0.14% | ▼ 1.12% |
| Energy | ▲ 7.3 | ▼ 6.7 | ▼ 5.3 | ▼ 12.7 |
Trend of Bear Extreme CADCHF Daily
▸When CADCHF is in Bear Extreme:
- then CADCHF moved to higher Market State: 30 times — 100%
- then CADCHF moved to lower Market State: 0 times — 0%
▸Current CADCHF market energy: -89.13%
- Distance to upper bound of Bear Extreme (at -74.5%): 14.63%
- Distance to bottom -100%: 10.87%
"History always repeats itself, one way or another" — 2AITRADING
After the system processes the Daily candle, CADCHF classified as the Bear Extreme energy zone.
Market trend on the 2AiTrading energy system Market Energy dropped -12.7% from the previous session, from -76.4% to -89.1%.
Time in Bear Extreme energy zone: 2 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 -89.1 to -64.4.
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 01-08-2024 closed, CADCHF was at 0.6289, down 1.12% from the previous candle (0.63602). Market Energy was -89.1%, down 12.7 points from -76.4%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How much did CADCHF price move on this Daily candle, and how large is that historically?
CADCHF closed at 0.6289, down 1.12% from the previous Daily candle (0.63602). This drop is larger than 98% of past drops on the Daily timeframe for CADCHF, across 1,744 candles since 2019.
How did CADCHF Market Energy change from the previous candle?
Market Energy fell 12.7 percentage points from the previous candle — from -76.4% to -89.1%. This drop is larger than 60% 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 -76.4%, Bear Extreme — this candle kept the same state, no zone change.
Where does CADCHF energy sit within the Bear Extreme zone?
At -89.1%, CADCHF is 14.63 points from the upper boundary of Bear Extreme (-74.5%) and 10.87 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 57.8%; GER40 (European equities) in Neutral with energy -16.8%. Against this backdrop, CADCHF (Bear Extreme, -89.1%) lower 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 Bear Critical with Market Energy -69%. CADCHF (Bear Extreme) and DXY currently sit on the same Bear 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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