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| Price | ▲ 0.84% | ▲ 1.27% | ▲ 0.83% | ▲ 0.41% |
| Energy | ▲ 12.0 | ▲ 37.1 | ▲ 16.3 | ▲ 6.0 |
Trend of Bull Bias CADJPY Weekly
▸When CADJPY is in Bull Bias:
- then CADJPY moved to higher Market State: 38 times — 56.7%
- then CADJPY moved to lower Market State: 29 times — 43.3%
▸Current CADJPY market energy: 32.95%
- Distance to upper bound of Bull Bias (at 60%): 27.05%
- Distance to lower bound of Bull Bias (at 20.88%): 12.07%
"Let data guide you, but never trust it completely" — 2AITRADING
From the just-closed Weekly candle data, Result for CADJPY: the energy zone tilted toward Bull.
On trend energy, Market Energy rose +6% this candle, currently 33% (previous candle 27%).
Time in Bull Bias energy zone: 2 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did CADJPY price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 24-10-2022 closed, CADJPY was at 108.6175, up 0.41% from the previous candle (108.175). Market Energy was 33%, up 6.0 points from 27%, 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 Weekly candle, and how large is that historically?
CADJPY closed at 108.6175, up 0.41% from the previous Weekly candle (108.175). This rise is larger than 24% of past rises on the Weekly timeframe for CADJPY, across 234 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy rose 6 percentage points from the previous candle — from 27% to 33%. This rise is larger than 20% of past rises on the Weekly timeframe for CADJPY.
Do CADJPY price and energy agree?
Yes. Both price and energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was CADJPY in on the previous Weekly candle?
The previous Weekly candle had CADJPY at 27%, Bull Bias — this candle kept the same state, no zone change.
Where does CADJPY energy sit within the Bull Bias zone?
At 33%, CADJPY is 27.05 points from the upper boundary of Bull Bias (60%) and 12.07 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 Critical with energy 64.1%; GER40 (European equities) in Bull Extreme with energy 96%. Against this backdrop, CADJPY (Bull Bias, 33%) 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 Bias with Market Energy -29.2%. CADJPY (Bull Bias) 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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