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| Price | ▲ 0.03% | ▲ 0.20% | ▲ 0.11% | ▲ 0.41% |
| Energy | ▲ 0.6 | ▲ 11.3 | ▲ 5.8 | ▲ 22.2 |
Trend of Bull Bias EURCAD Daily
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 84 times — 25.5%
- then EURCAD moved to lower Market State: 245 times — 74.5%
▸Current EURCAD market energy: 48.64%
- Distance to upper bound of Bull Bias (at 60%): 11.36%
- Distance to lower bound of Bull Bias (at 20.88%): 27.76%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Daily candle completes, EURCAD recorded in Bull Bias of Market Energy.
Market energy measurement Market Energy at 48.6%, up +22.2% from 26.4% in the previous candle.
Time in Bull Bias energy zone: 2 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 +8.8 to +48.6.
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 13-07-2020 closed, EURCAD was at 1.5442, up 0.41% from the previous candle (1.5379). Market Energy was 48.6%, up 22.2 points from 26.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.5442, up 0.41% from the previous Daily candle (1.5379). This rise is larger than 79% of past rises on the Daily timeframe for EURCAD, across 480 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 22.2 percentage points from the previous candle — from 26.4% to 48.6%. This rise is larger than 76% of past rises on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 26.4%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 48.6%, EURCAD is 11.36 points from the upper boundary of Bull Bias (60%) and 27.76 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Extreme with energy 81%; GER40 (European equities) in Bull Extreme with energy 96.9%. Against this backdrop, EURCAD (Bull Bias, 48.6%) 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 Bear Bias with Market Energy -47.4%. EURCAD (Bull Bias) and DXY currently sit on opposite sides.
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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