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| Price | ▲ 0.23% | ▲ 0.64% | ▲ 0.03% | ▲ 0.54% |
| Energy | ▲ 22.0 | ▲ 23.0 | ▲ 5.0 | ▲ 5.3 |
Trend of Bull Extreme EURCAD Daily
▸When EURCAD is in Bull Extreme:
- then EURCAD moved to higher Market State: 0 times — 0%
- then EURCAD moved to lower Market State: 32 times — 100%
▸Current EURCAD market energy: 85.24%
- Distance to peak 100%: 14.76%
- Distance to lower bound of Bull Extreme (at 74.5%): 10.74%
"Let data guide you, but never trust it completely" — 2AITRADING
Reading from the Daily candle, Result for EURCAD: the extreme Bull energy zone.
On trend energy, Market Energy rose +5.3% from the previous candle, from 80% to 85.2%.
Time in Bull Extreme energy zone: 3 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 +29.9 to +85.2.
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 24-04-2023 closed, EURCAD was at 1.4964, up 0.54% from the previous candle (1.4884). Market Energy was 85.2%, up 5.3 points from 80%, in the Bull Extreme state — controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.4964, up 0.54% from the previous Daily candle (1.4884). This rise is larger than 83% of past rises on the Daily timeframe for EURCAD, across 1,347 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 5.3 percentage points from the previous candle — from 80% to 85.2%. This rise is larger than 29% 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 80%, Bull Extreme — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Extreme zone?
At 85.2%, EURCAD is 14.76 points from the upper boundary of Bull Extreme (100%) and 10.74 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 -9%; GER40 (European equities) in Bull Critical with energy 65.2%. Against this backdrop, EURCAD (Bull Extreme, 85.2%) 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 Bear Bias with Market Energy -22.7%. EURCAD (Bull Extreme) 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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