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| Price | ▼ 0.54% | ▲ 0.66% | ▼ 0.13% | ▼ 0.21% |
| Energy | ▼ 23.5 | ▲ 13.9 | ▲ 3.0 | ▼ 13.0 |
Trend of Neutral EURCAD Daily
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 244 times — 50.3%
- then EURCAD moved to lower Market State: 241 times — 49.7%
▸Current EURCAD market energy: 1.58%
- Distance to upper bound of Neutral (at 20.88%): 19.3%
- Distance to lower bound of Neutral (at -20.88%): 22.46%
"A person's history reveals more than you might think" — 2AITRADING
With the Daily candle just closed, EURCAD recorded in the balanced Market Energy zone.
End-of-session energy readings on Daily, Market Energy at 1.6%, down -13% from 14.6% in the previous candle.
Time in Neutral energy zone: 4 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 -2.3 to +21.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURCAD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 18-05-2020 closed, EURCAD was at 1.5214, down 0.21% from the previous candle (1.5247). Market Energy was 1.6%, down 13.0 points from 14.6%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.5214, down 0.21% from the previous Daily candle (1.5247). This drop is larger than 52% of past drops on the Daily timeframe for EURCAD, across 432 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 13 percentage points from the previous candle — from 14.6% to 1.6%. This drop is larger than 57% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 14.6%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 1.6%, EURCAD is 19.3 points from the upper boundary of Neutral (20.88%) and 22.46 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 Critical with energy 67.2%; GER40 (European equities) in Bull Extreme with energy 85%. Against this backdrop, EURCAD (Neutral, 1.6%) 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 Bull Bias with Market Energy 30.2%. EURCAD energy is currently below DXY by 28.6 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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