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| Price | ▼ 2.10% | ▲ 2.22% | ▼ 0.90% | ▼ 0.14% |
| Energy | ▼ 78.2 | ▲ 9.3 | ▲ 0.4 | ▼ 11.4 |
Trend of Neutral CADJPY Weekly
▸When CADJPY is in Neutral:
- then CADJPY moved to higher Market State: 34 times — 52.3%
- then CADJPY moved to lower Market State: 31 times — 47.7%
▸Current CADJPY market energy: 12.89%
- Distance to upper bound of Neutral (at 20.88%): 7.99%
- Distance to lower bound of Neutral (at -20.88%): 33.77%
"Does history really repeat itself?" — 2AITRADING
Once measurement on the Weekly timeframe completes, CADJPY noted at the balanced Market Energy zone.
Per the 2AiTrading energy measurement system, Market Energy at 12.9%, down -11.4% from 24.2% in the previous candle.
Time in Neutral energy zone: 1 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 31-07-2023 closed, CADJPY was at 106.0725, down 0.14% from the previous candle (106.2175). Market Energy was 12.9%, down 11.4 points from 24.2%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did CADJPY price move on this Weekly candle, and how large is that historically?
CADJPY closed at 106.0725, down 0.14% from the previous Weekly candle (106.2175). This drop is larger than 15% of past drops on the Weekly timeframe for CADJPY, across 274 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy fell 11.4 percentage points from the previous candle — from 24.2% to 12.9%. This drop is larger than 50% of past drops on the Weekly 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 Weekly candle?
The previous Weekly candle had CADJPY at 24.2%, Bull Bias — when this candle closed, CADJPY moved down to a lower zone: Bull Bias → Neutral.
Where does CADJPY energy sit within the Neutral zone?
At 12.9%, CADJPY is 7.99 points from the upper boundary of Neutral (20.88%) and 33.77 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 46.9%; GER40 (European equities) in Bull Extreme with energy 78.1%. Against this backdrop, CADJPY (Neutral, 12.9%) 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 -0.8%. CADJPY energy is currently above DXY by 13.7 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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