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| Price | ▼ 0.00% | ▲ 0.34% | ▲ 0.28% | ▼ 1.03% |
| Energy | ▲ 2.3 | ▲ 17.4 | ▲ 20.5 | ▼ 123.0 |
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: -33.84%
- Distance to upper bound of Bear Bias (at -20.88%): 12.96%
- Distance to lower bound of Bear Bias (at -60%): 26.16%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Reading from the Daily candle, CADJPY shows the Bear Bias energy zone.
Market energy measurement The energy level dropped -123%: from 89.1% now at -33.8%.
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 -33.8 to +89.1.
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 15-05-2024 closed, CADJPY was at 113.463, down 1.03% from the previous candle (114.6405). Market Energy was -33.8%, down 123.0 points from 89.1%, 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 113.463, down 1.03% from the previous Daily candle (114.6405). This drop is larger than 92% of past drops on the Daily timeframe for CADJPY, across 1,678 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy fell 123 percentage points from the previous candle — from 89.1% to -33.8%. This is the largest of all drops on the Daily timeframe for CADJPY on record since 2019.
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 89.1%, Bull Extreme — when this candle closed, CADJPY moved down to a lower zone: Bull Extreme → Bear Bias.
Where does CADJPY energy sit within the Bear Bias zone?
At -33.8%, CADJPY is 12.96 points from the upper boundary of Bear Bias (-20.88%) and 26.16 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 Bull Extreme with energy 77.3%; GER40 (European equities) in Bull Extreme with energy 95.5%. Against this backdrop, CADJPY (Bear Bias, -33.8%) 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 Extreme with Market Energy -77.4%. CADJPY (Bear Bias) and DXY currently sit on the same Bear side.
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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