Analysis

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Candle close
Price and energy
CADJPY from 97.565 to 97.545, down 0.02%
Market Energy Bull Bias 32.7% to Bull Bias 24.3%, down 8.3 pts
Down candle #2 in a row—Price and energy are in agreement
Price and energy change · last 4 candles
Price▼ 0.01%▲ 0.00%▼ 0.08%▼ 0.02%
Energy▲ 3.0▼ 1.2▼ 10.7▼ 8.3
Volatility trend chart · last 4 sessions
▼ 0.01%▲ 0.00%▼ 0.08%▼ 0.02%▲ 3.0▼ 1.2▼ 10.7▼ 8.3
priceenergy▲ up · ▼ down
Volatility · vs history since 2019
Price down 0.02% — higher than 20% of past drops
0%255075100%
Energy down 8.3 pts — higher than 49% of past drops
RESEARCH

Trend of Bull Bias CADJPY 1H

Sample: 58,592 1H candles from 2017-05-01 to 2026-10-08
Number of Bull Bias occurrences: 4,633 times

▸When CADJPY is in Bull Bias:

  • then CADJPY moved to higher Market State: 1,858 times — 40.1%
  • then CADJPY moved to lower Market State: 2,775 times — 59.9%

▸Current CADJPY market energy: 24.34%

  • Distance to upper bound of Bull Bias (at 60%): 35.66%
  • Distance to lower bound of Bull Bias (at 20.88%): 3.46%

"Past — present — future. The past and present are known. The future is yours" — 2AITRADING

CADJPY · H1 · 2023-01-27 21:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
32.7%
Bull Bias
24.3%
Bull Bias
20.7%
Neutral
Zone
20.88 – 60
Bias
Buyers in control
Explanation

Following the completion of the 1H candle, CADJPY in the Bull Bias energy state.

End-of-session energy readings on 1H, Energy delta -8.3%: Market Energy at 24.3%, previously 32.7%.

Time in Bull Bias energy zone: 5 1H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, CADJPY Market Energy ranged from -98.3 to +97.5.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did CADJPY price and energy show when this 1H candle closed?

When the 1H candle at 04:00 on 28-01-2023 closed, CADJPY was at 97.545, down 0.02% from the previous candle (97.565). Market Energy was 24.3%, down 8.3 points from 32.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.

How much did CADJPY price move on this 1H candle, and how large is that historically?

CADJPY closed at 97.545, down 0.02% from the previous 1H candle (97.565). This drop is larger than 20% of past drops on the 1H timeframe for CADJPY, across 25,446 candles since 2019.

How did CADJPY Market Energy change from the previous candle?

Market Energy fell 8.3 percentage points from the previous candle — from 32.7% to 24.3%. This drop is larger than 49% of past drops on the 1H timeframe for CADJPY.

Do CADJPY price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was CADJPY in on the previous 1H candle?

The previous 1H candle had CADJPY at 32.7%, Bull Bias — this candle kept the same state, no zone change.

Where does CADJPY energy sit within the Bull Bias zone?

At 24.3%, CADJPY is 35.66 points from the upper boundary of Bull Bias (60%) and 3.46 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.

What does Bull Bias mean?

Bull 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 Bull 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 27.5%; GER40 (European equities) in Neutral with energy -0.5%. Against this backdrop, CADJPY (Bull Bias, 24.3%) 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 Bull Bias with Market Energy 28%. CADJPY (Bull Bias) and DXY currently sit on the same Bull side.

Real-time Energy Chart

See the real-time energy chart for CADJPY.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for CADJPY on the CADJPY overview →

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