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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: 62.17%
- Distance to upper bound of Bull Critical (at 74.5%): 12.33%
- Distance to lower bound of Bull Critical (at 60%): 2.17%
"To truly understand anything, study its history" — 2AITRADING
Reading from the Daily candle, Result for EURCAD: the Bull Critical zone.
On the energy side, Market Energy moved from 42.3% to 62.2%, up +19.8% from 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 -10.5 to +62.2.
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 07-07-2023 closed, EURCAD was in Bull Critical with Market Energy 62.2%, controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 19.8 percentage points from the previous candle — from 42.3% to 62.2%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 42.3%, Bull Bias — when this candle closed, EURCAD moved up to a higher zone: Bull Bias → Bull Critical.
Where does EURCAD energy sit within the Bull Critical zone?
At 62.2%, EURCAD is 12.33 points from the upper boundary of Bull Critical (74.5%) and 2.17 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 Neutral with energy 14.4%; GER40 (European equities) in Bear Extreme with energy -82.3%. Against this backdrop, EURCAD (Bull Critical, 62.2%) 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 Neutral with Market Energy -8.8%. EURCAD energy is currently above DXY by 71 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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