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EURCAD is currently leaning slightly toward buyers, energy +17.8%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Neutral EURCAD Daily
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 242 times — 50.2%
- then EURCAD moved to lower Market State: 240 times — 49.8%
▸Current EURCAD market energy: 17.84%
- Distance to upper bound of Neutral (at 20.88%): 3.04%
- Distance to lower bound of Neutral (at -20.88%): 38.72%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Daily candle closes, EURCAD classified as neutral energy.
Market movement after the Daily candle closes, Market Energy dropped -10.1% from the previous session, from 27.9% to 17.8%.
Time in Neutral energy zone: 1 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 +17.8 to +54.8.
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 21-11-2017 closed, EURCAD was in Neutral with Market Energy 17.8%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 10.1 percentage points from the previous candle — from 27.9% to 17.8%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 27.9%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At 17.8%, EURCAD is 3.04 points from the upper boundary of Neutral (20.88%) and 38.72 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 29.3%; GER40 (European equities) in Bull Critical with energy 69.7%. Against this backdrop, EURCAD (Neutral, 17.8%) 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 -25.3%. EURCAD energy is currently above DXY by 43.2 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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