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| Price | ▼ 0.01% | ▼ 0.15% | ▲ 0.54% | ▼ 0.74% |
| Energy | ▼ 0.0 | ▼ 8.3 | ▲ 35.3 | ▼ 29.9 |
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: -8%
- Distance to upper bound of Neutral (at 20.88%): 28.88%
- Distance to lower bound of Neutral (at -20.88%): 12.88%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the Daily candle, EURCAD recorded in the balanced Bull/Bear state.
On the energy side, Compared to the previous candle (21.9%), Market Energy dropped -29.9% to -8%.
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 -13.4 to +21.9.
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 29-10-2021 closed, EURCAD was at 1.4318, down 0.74% from the previous candle (1.4425). Market Energy was -8%, down 29.9 points from 21.9%, 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 1.4318, down 0.74% from the previous Daily candle (1.4425). This drop is larger than 92% of past drops on the Daily timeframe for EURCAD, across 884 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 29.9 percentage points from the previous candle — from 21.9% to -8%. This drop is larger than 88% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving down 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 21.9%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At -8%, EURCAD is 28.88 points from the upper boundary of Neutral (20.88%) and 12.88 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 Bias with energy 27.3%; GER40 (European equities) in Bear Critical with energy -60.3%. Against this backdrop, EURCAD (Neutral, -8%) has higher energy than GER40; lower than 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 Extreme with Market Energy -78.8%. EURCAD energy is currently above DXY by 70.8 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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