·
| Price | ▲ 0.20% | ▼ 0.60% | ▼ 0.27% | ▼ 0.61% |
| Energy | ▲ 14.5 | ▼ 23.4 | ▼ 23.2 | ▼ 21.5 |
Trend of Bear Critical EURCAD Daily
▸When EURCAD is in Bear Critical:
- then EURCAD moved to higher Market State: 69 times — 75.8%
- then EURCAD moved to lower Market State: 22 times — 24.2%
▸Current EURCAD market energy: -68.33%
- Distance to upper bound of Bear Critical (at -60%): 8.33%
- Distance to lower bound of Bear Critical (at -74.5%): 6.17%
"Why does archaeology matter?" — 2AITRADING
Reading from the Daily candle, EURCAD within the near-peak Bear energy state.
On the measurement side, The energy level dropped -21.5%: from -46.8% now at -68.3%.
Time in Bear 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 -68.3 to -0.2.
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 02-06-2023 closed, EURCAD was at 1.4379, down 0.61% from the previous candle (1.4468). Market Energy was -68.3%, down 21.5 points from -46.8%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.4379, down 0.61% from the previous Daily candle (1.4468). This drop is larger than 87% of past drops on the Daily timeframe for EURCAD, across 1,381 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 21.5 percentage points from the previous candle — from -46.8% to -68.3%. This drop is larger than 76% 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 -46.8%, Bear Bias — when this candle closed, EURCAD moved down to a lower zone: Bear Bias → Bear Critical.
Where does EURCAD energy sit within the Bear Critical zone?
At -68.3%, EURCAD is 8.33 points from the upper boundary of Bear Critical (-60%) and 6.17 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear 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 Bear 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 Bull Extreme with energy 80.7%; GER40 (European equities) in Bull Extreme with energy 82%. Against this backdrop, EURCAD (Bear Critical, -68.3%) lower 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 Extreme with Market Energy -89.2%. EURCAD (Bear Critical) and DXY currently sit on the same Bear side.
See the real-time energy chart for EURCAD.
Open Energy ChartSee the full 2AiTrading Model data for EURCAD on the EURCAD overview →
To jump to a symbol you're interested in, click .