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| Price | ▼ 0.90% | ▲ 0.41% | ▼ 0.24% | ▼ 1.24% |
| Energy | ▼ 32.7 | ▲ 0.1 | ▼ 6.6 | ▼ 70.1 |
Trend of Bear Bias CADJPY Weekly
▸When CADJPY is in Bear Bias:
- then CADJPY moved to higher Market State: 40 times — 70.2%
- then CADJPY moved to lower Market State: 17 times — 29.8%
▸Current CADJPY market energy: -25.75%
- Distance to upper bound of Bear Bias (at -20.88%): 4.87%
- Distance to lower bound of Bear Bias (at -60%): 34.25%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Weekly candle closes, CADJPY within trend energy leaning Bear.
Looking at the Market Energy reading, Energy delta -70.1%: Market Energy at -25.7%, previously 44.4%.
Time in Bear Bias 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 23-10-2023 closed, CADJPY was at 108.007, down 1.24% from the previous candle (109.362). Market Energy was -25.7%, down 70.1 points from 44.4%, 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 Weekly candle, and how large is that historically?
CADJPY closed at 108.007, down 1.24% from the previous Weekly candle (109.362). This drop is larger than 77% of past drops on the Weekly timeframe for CADJPY, across 286 candles since 2019.
How did CADJPY Market Energy change from the previous candle?
Market Energy fell 70.1 percentage points from the previous candle — from 44.4% to -25.7%. This drop is larger than 94% of past drops on the Weekly 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 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 44.4%, Bull Bias — when this candle closed, CADJPY moved down to a lower zone: Bull Bias → Bear Bias.
Where does CADJPY energy sit within the Bear Bias zone?
At -25.7%, CADJPY is 4.87 points from the upper boundary of Bear Bias (-20.88%) and 34.25 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 Bear Critical with energy -72.4%; GER40 (European equities) in Bear Bias with energy -54.3%. Against this backdrop, CADJPY (Bear Bias, -25.7%) has higher energy than SPX500; sits in the same state zone as 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 -8.5%. CADJPY energy is currently below DXY by 17.3 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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