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Trend of Neutral EURCAD Daily
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 242 times — 50.2%
- then EURCAD moved to lower Market State: 240 times — 49.8%
▸Current EURCAD market energy: 13.13%
- Distance to upper bound of Neutral (at 20.88%): 7.75%
- Distance to lower bound of Neutral (at -20.88%): 34.01%
"To truly understand anything, study its history" — 2AITRADING
The neutral Bull/Bear zone is the result just recorded for EURCAD after the Daily candle closed.
Looking at the energy level, Energy delta -2.1%: Market Energy at 13.1%, previously 15.2%.
Time in Neutral 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 +7.8 to +29.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 19-06-2023 closed, EURCAD was in Neutral with Market Energy 13.1%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 2.1 percentage points from the previous candle — from 15.2% to 13.1%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 15.2%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 13.1%, EURCAD is 7.75 points from the upper boundary of Neutral (20.88%) and 34.01 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 Bear Extreme with energy -76%; GER40 (European equities) in Bear Extreme with energy -77.4%. Against this backdrop, EURCAD (Neutral, 13.1%) 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 53.1%. EURCAD energy is currently below DXY by 40 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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