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| Price | ▼ 0.36% | ▲ 0.40% | ▲ 0.02% | ▲ 0.11% |
| Energy | ▼ 1.5 | ▲ 25.1 | ▲ 13.6 | ▲ 4.4 |
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: -18.46%
- Distance to upper bound of Neutral (at 20.88%): 39.34%
- Distance to lower bound of Neutral (at -20.88%): 2.42%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
With the Daily candle just closed, EURCAD reflects the balanced energy zone.
Market energy movement A +4.4% change from the previous candle, Market Energy is now -18.5% (previous: -22.9%).
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 -61.5 to -18.5.
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 16-05-2021 closed, EURCAD was at 1.4717, up 0.11% from the previous candle (1.4702). Market Energy was -18.5%, up 4.4 points from -22.9%, 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 1.4717, up 0.11% from the previous Daily candle (1.4702). This rise is larger than 35% of past rises on the Daily timeframe for EURCAD, across 741 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 4.4 percentage points from the previous candle — from -22.9% to -18.5%. This rise is larger than 24% 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 -22.9%, Bear Bias — when this candle closed, EURCAD moved up to a higher zone: Bear Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At -18.5%, EURCAD is 39.34 points from the upper boundary of Neutral (20.88%) and 2.42 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Extreme with energy 80%; GER40 (European equities) in Bull Extreme with energy 96.7%. Against this backdrop, EURCAD (Neutral, -18.5%) 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 Critical with Market Energy -61.5%. EURCAD energy is currently above DXY by 43.1 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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