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| Price | ▲ 0.37% | ▼ 0.01% | ▲ 0.81% | ▼ 0.40% |
| Energy | ▼ 1.0 | ▼ 12.8 | ▲ 9.8 | ▼ 5.9 |
Trend of Bull Critical EURCAD Daily
▸When EURCAD is in Bull Critical:
- then EURCAD moved to higher Market State: 22 times — 22.7%
- then EURCAD moved to lower Market State: 75 times — 77.3%
▸Current EURCAD market energy: 62.4%
- Distance to upper bound of Bull Critical (at 74.5%): 12.1%
- Distance to lower bound of Bull Critical (at 60%): 2.4%
"A person's history reveals more than you might think" — 2AITRADING
As the Daily candle completes, EURCAD recorded in the Bull Critical reading.
Market movement just recorded on the Daily timeframe, Market Energy at 62.4%, down -5.9% from 68.3% in the previous candle.
Time in Bull Critical 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 +58.5 to +72.3.
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 17-11-2022 closed, EURCAD was at 1.3806, down 0.4% from the previous candle (1.3861). Market Energy was 62.4%, down 5.9 points from 68.3%, in the Bull Critical state — controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.3806, down 0.4% from the previous Daily candle (1.3861). This drop is larger than 72% of past drops on the Daily timeframe for EURCAD, across 1,212 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 5.9 percentage points from the previous candle — from 68.3% to 62.4%. This drop is larger than 33% 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 the candle that just closed; it does not say where price goes next.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 68.3%, Bull Critical — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Critical zone?
At 62.4%, EURCAD is 12.1 points from the upper boundary of Bull Critical (74.5%) and 2.4 points from the lower boundary (60%) — so energy sits closer to the lower boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 Bear Bias with energy -44.6%; GER40 (European equities) in Neutral with energy -7.9%. Against this backdrop, EURCAD (Bull Critical, 62.4%) 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 Neutral with Market Energy -3.9%. EURCAD energy is currently above DXY by 66.3 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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