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| Price | ▼ 0.25% | ▲ 1.01% | ▼ 0.13% | ▼ 0.04% |
| Energy | ▼ 22.6 | ▲ 37.7 | ▲ 13.3 | ▼ 1.4 |
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: 22.09%
- Distance to upper bound of Bull Bias (at 60%): 37.91%
- Distance to lower bound of Bull Bias (at 20.88%): 1.21%
"History always repeats itself, one way or another" — 2AITRADING
Reading from the Daily candle, EURCAD recorded in Bull Bias of Market Energy.
End-of-session update for Daily, Market Energy dropped -1.4% from the previous candle, from 23.4% to 22.1%.
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 -27.5 to +23.4.
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 07-08-2022 closed, EURCAD was at 1.3167, down 0.04% from the previous candle (1.3172). Market Energy was 22.1%, down 1.4 points from 23.4%, 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 1.3167, down 0.04% from the previous Daily candle (1.3172). This drop is larger than 11% of past drops on the Daily timeframe for EURCAD, across 1,124 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 1.4 percentage points from the previous candle — from 23.4% to 22.1%. This drop is larger than 8% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. Both price and energy moved down 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 23.4%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 22.1%, EURCAD is 37.91 points from the upper boundary of Bull Bias (60%) and 1.21 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 Neutral with energy -11.4%; GER40 (European equities) in Bear Bias with energy -21.4%. Against this backdrop, EURCAD (Bull Bias, 22.1%) has higher energy 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 Bull Bias with Market Energy 58.3%. EURCAD (Bull Bias) and DXY currently sit on the same Bull side.
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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