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| Price | ▼ 0.56% | ▲ 0.03% | ▲ 0.01% | ▲ 0.13% |
| Energy | ▼ 3.6 | ▼ 1.0 | ▲ 2.8 | ▲ 12.2 |
Trend of Bear Bias EURCAD Daily
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 246 times — 76.4%
- then EURCAD moved to lower Market State: 76 times — 23.6%
▸Current EURCAD market energy: -54.27%
- Distance to upper bound of Bear Bias (at -20.88%): 33.39%
- Distance to lower bound of Bear Bias (at -60%): 5.73%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Daily candle closes, EURCAD reflects energy leaning Bear.
Looking at the energy level, Market trend energy recorded a +12.2% rise from the previous candle, from -66.5% to -54.3%.
Time in Bear Bias 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 -69.3 to -54.3.
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 18-10-2021 closed, EURCAD was at 1.4369, up 0.13% from the previous candle (1.435). Market Energy was -54.3%, up 12.2 points from -66.5%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.4369, up 0.13% from the previous Daily candle (1.435). This rise is larger than 44% of past rises on the Daily timeframe for EURCAD, across 874 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 12.2 percentage points from the previous candle — from -66.5% to -54.3%. This rise is larger than 53% of past rises on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. On this candle price rose and energy rose — both moved the same way. 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 -66.5%, Bear Critical — when this candle closed, EURCAD moved up to a higher zone: Bear Critical → Bear Bias.
Where does EURCAD energy sit within the Bear Bias zone?
At -54.3%, EURCAD is 33.39 points from the upper boundary of Bear Bias (-20.88%) and 5.73 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Neutral with energy -16.9%; GER40 (European equities) in Bull Bias with energy 59%. Against this backdrop, EURCAD (Bear Bias, -54.3%) 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 Neutral with Market Energy 7.7%. EURCAD energy is currently below DXY by 62 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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