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EURCAD is currently controlled by buyers, in the Bull Extreme zone. Measured energy: +84.1%.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Bull Extreme EURCAD Daily
▸When EURCAD is in Bull Extreme:
- then EURCAD moved to higher Market State: 0 times — 0%
- then EURCAD moved to lower Market State: 32 times — 100%
▸Current EURCAD market energy: 84.12%
- Distance to peak 100%: 15.88%
- Distance to lower bound of Bull Extreme (at 74.5%): 9.62%
"History always repeats itself, one way or another" — 2AITRADING
After the Daily candle closes, Result for EURCAD: Bull energy in an extreme reading.
Per the 2AiTrading energy measurement system, Market Energy rose +1.9% this candle, currently 84.1% (previous candle 82.2%).
Time in Bull Extreme energy zone: 3 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, EURCAD Market Energy ranged from +73.2 to +84.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 02-05-2017 closed, EURCAD was in Bull Extreme with Market Energy 84.1%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 1.9 percentage points from the previous candle — from 82.2% to 84.1%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 82.2%, Bull Extreme — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Extreme zone?
At 84.1%, EURCAD is 15.88 points from the upper boundary of Bull Extreme (100%) and 9.62 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 35.9%; GER40 (European equities) in Neutral with energy -17.3%. Against this backdrop, EURCAD (Bull Extreme, 84.1%) has higher energy 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 -17.4%. EURCAD energy is currently above DXY by 101.5 points.
See the real-time energy chart for EURCAD.
Open Energy ChartSee the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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