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| Price | ▼ 0.12% | ▲ 0.59% | ▲ 0.16% | ▼ 0.23% |
| Energy | ▲ 1.4 | ▲ 26.8 | ▲ 21.5 | ▼ 10.9 |
Trend of Neutral EURCAD Daily
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 244 times — 50.3%
- then EURCAD moved to lower Market State: 241 times — 49.7%
▸Current EURCAD market energy: 18.44%
- Distance to upper bound of Neutral (at 20.88%): 2.44%
- Distance to lower bound of Neutral (at -20.88%): 39.32%
"Let data guide you, but never trust it completely" — 2AITRADING
The balanced energy zone is the result just recorded for EURCAD after the Daily candle closed.
On the measurement side, Energy delta -10.9%: Market Energy at 18.4%, previously 29.3%.
Time in Neutral 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 -20.4 to +29.3.
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 16-06-2023 closed, EURCAD was at 1.444, down 0.23% from the previous candle (1.4474). Market Energy was 18.4%, down 10.9 points from 29.3%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.444, down 0.23% from the previous Daily candle (1.4474). This drop is larger than 51% of past drops on the Daily timeframe for EURCAD, across 1,392 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 10.9 percentage points from the previous candle — from 29.3% to 18.4%. This drop is larger than 50% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 29.3%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At 18.4%, EURCAD is 2.44 points from the upper boundary of Neutral (20.88%) and 39.32 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Critical with energy 70.8%; GER40 (European equities) in Bull Critical with energy 69.1%. Against this backdrop, EURCAD (Neutral, 18.4%) 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 -96.1%. EURCAD energy is currently above DXY by 114.5 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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