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| Price | ▲ 0.23% | ▲ 0.36% | ▼ 0.02% | ▼ 0.01% |
| Energy | ▲ 6.2 | ▲ 23.6 | ▲ 4.2 | ▼ 10.2 |
Trend of Bull Critical CADJPY Daily
▸When CADJPY is in Bull Critical:
- then CADJPY moved to higher Market State: 88 times — 35.5%
- then CADJPY moved to lower Market State: 160 times — 64.5%
▸Current CADJPY market energy: 72.96%
- Distance to upper bound of Bull Critical (at 74.5%): 1.54%
- Distance to lower bound of Bull Critical (at 60%): 12.96%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Daily candle completes, Market Energy of CADJPY indicates Bull trend energy near extreme.
Meanwhile, Market trend energy recorded a -10.2% drop from the previous candle, from 83.2% to 73%.
Time in Bull Critical 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, CADJPY Market Energy ranged from +49.3 to +83.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CADJPY price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 08-02-2021 closed, CADJPY was at 82.595, down 0.01% from the previous candle (82.6). Market Energy was 73%, down 10.2 points from 83.2%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did CADJPY price move on this Daily candle, and how large is that historically?
CADJPY closed at 82.595, down 0.01% from the previous Daily candle (82.6). This drop is larger than 0% of past drops on the Daily timeframe for CADJPY, across 658 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy fell 10.2 percentage points from the previous candle — from 83.2% to 73%. This drop is larger than 41% of past drops on the Daily timeframe for CADJPY.
Do CADJPY 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 CADJPY in on the previous Daily candle?
The previous Daily candle had CADJPY at 83.2%, Bull Extreme — when this candle closed, CADJPY moved down to a lower zone: Bull Extreme → Bull Critical.
Where does CADJPY energy sit within the Bull Critical zone?
At 73%, CADJPY is 1.54 points from the upper boundary of Bull Critical (74.5%) and 12.96 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Critical with energy 62.5%; GER40 (European equities) in Bear Bias with energy -28.7%. Against this backdrop, CADJPY (Bull Critical, 73%) has higher energy 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 Bear Bias with Market Energy -51.8%. CADJPY (Bull Critical) and DXY currently sit on opposite sides.
See the real-time energy chart for CADJPY.
Open Energy ChartSee the full 2AiTrading Model data for CADJPY on the CADJPY overview →
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