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| Price | ▲ 0.33% | ▲ 0.03% | ▲ 0.27% | ▲ 0.07% |
| Energy | ▲ 27.2 | ▲ 6.7 | ▲ 1.5 | ▲ 1.1 |
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: 29.24%
- Distance to upper bound of Bull Bias (at 60%): 30.76%
- Distance to lower bound of Bull Bias (at 20.88%): 8.36%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed Daily candle, Market EURCAD in Bull Bias.
Looking at the energy level, Market Energy rose +1.1% from the previous session, from 28.2% to 29.2%.
Time in Bull Bias 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 -7.3 to +29.2.
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 21-09-2021 closed, EURCAD was at 1.5025, up 0.07% from the previous candle (1.5014). Market Energy was 29.2%, up 1.1 points from 28.2%, 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 1.5025, up 0.07% from the previous Daily candle (1.5014). This rise is larger than 25% of past rises on the Daily timeframe for EURCAD, across 851 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 1.1 percentage points from the previous candle — from 28.2% to 29.2%. This rise is larger than 6% 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 28.2%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 29.2%, EURCAD is 30.76 points from the upper boundary of Bull Bias (60%) and 8.36 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bias with energy 47.8%; GER40 (European equities) in Neutral with energy 19.8%. Against this backdrop, EURCAD (Bull Bias, 29.2%) has higher energy than GER40; sits in the same state zone as SPX500.
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 -24.5%. 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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