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| Price | ▲ 0.69% | ▼ 0.02% | ▲ 0.29% | ▼ 0.02% |
| Energy | ▲ 13.4 | ▲ 12.4 | ▲ 11.7 | ▲ 3.0 |
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: 25.29%
- Distance to upper bound of Bull Bias (at 60%): 34.71%
- Distance to lower bound of Bull Bias (at 20.88%): 4.41%
"A person's history reveals more than you might think" — 2AITRADING
As the Daily candle completes, EURCAD in the Bull Bias energy level.
On the 2AiTrading energy system, Market Energy rose +3% from the previous candle, from 22.3% to 25.3%.
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 -15.2 to +25.3.
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 12-12-2021 closed, EURCAD was at 1.4389, down 0.02% from the previous candle (1.4393). Market Energy was 25.3%, up 3.0 points from 22.3%, 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 1.4389, down 0.02% from the previous Daily candle (1.4393). This drop is larger than 10% of past drops on the Daily timeframe for EURCAD, across 921 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 3 percentage points from the previous candle — from 22.3% to 25.3%. This rise is larger than 17% of past rises on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
No. Price moved down while energy moved up on this candle. 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 22.3%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 25.3%, EURCAD is 34.71 points from the upper boundary of Bull Bias (60%) and 4.41 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 Extreme with energy 77.6%; GER40 (European equities) in Bull Bias with energy 24%. Against this backdrop, EURCAD (Bull Bias, 25.3%) lower than SPX500; sits in the same state zone as 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 -70.6%. 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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