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| Price | ▲ 0.57% | ▲ 0.02% | ▼ 0.54% | ▼ 0.22% |
| Energy | ▲ 64.1 | ▲ 21.0 | ▼ 38.0 | ▼ 30.4 |
Trend of Bear Bias CADJPY Daily
▸When CADJPY is in Bear Bias:
- then CADJPY moved to higher Market State: 199 times — 59.2%
- then CADJPY moved to lower Market State: 137 times — 40.8%
▸Current CADJPY market energy: -47.73%
- Distance to upper bound of Bear Bias (at -20.88%): 26.85%
- Distance to lower bound of Bear Bias (at -60%): 12.27%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Observing the completed Daily candle, CADJPY noted at the Bear Bias energy level.
Observing the CADJPY market this session, Market Energy reading dropped -30.4%, moving from -17.4% to -47.7% after the Daily candle.
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, CADJPY Market Energy ranged from -64.5 to +20.6.
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 13-04-2021 closed, CADJPY was at 86.88, down 0.22% from the previous candle (87.07). Market Energy was -47.7%, down 30.4 points from -17.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did CADJPY price move on this Daily candle, and how large is that historically?
CADJPY closed at 86.88, down 0.22% from the previous Daily candle (87.07). This drop is larger than 42% of past drops on the Daily timeframe for CADJPY, across 713 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy fell 30.4 percentage points from the previous candle — from -17.4% to -47.7%. This drop is larger than 79% of past drops on the Daily timeframe for CADJPY.
Do CADJPY 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 CADJPY in on the previous Daily candle?
The previous Daily candle had CADJPY at -17.4%, Neutral — when this candle closed, CADJPY moved down to a lower zone: Neutral → Bear Bias.
Where does CADJPY energy sit within the Bear Bias zone?
At -47.7%, CADJPY is 26.85 points from the upper boundary of Bear Bias (-20.88%) and 12.27 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Bull Bias with energy 58.5%; GER40 (European equities) in Bull Bias with energy 41%. Against this backdrop, CADJPY (Bear Bias, -47.7%) 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 Neutral with Market Energy 20.5%. CADJPY energy is currently below DXY by 68.3 points.
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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