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| Price | ▼ 0.55% | ▲ 0.29% | ▲ 0.01% | ▼ 0.93% |
| Energy | ▼ 40.0 | ▲ 6.6 | ▲ 5.7 | ▼ 40.7 |
Trend of Bear Bias EURCAD Daily
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 246 times — 76.4%
- then EURCAD moved to lower Market State: 76 times — 23.6%
▸Current EURCAD market energy: -36.18%
- Distance to upper bound of Bear Bias (at -20.88%): 15.3%
- Distance to lower bound of Bear Bias (at -60%): 23.82%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Once measurement on the Daily timeframe completes, EURCAD recorded in Bear Bias of Market Energy.
On the measurement side, Market Energy dropped -40.7% from the previous session, from 4.6% to -36.2%.
Time in Bear Bias 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 -36.2 to +32.3.
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 24-07-2023 closed, EURCAD was at 1.4576, down 0.93% from the previous candle (1.4713). Market Energy was -36.2%, down 40.7 points from 4.6%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURCAD price move on this Daily candle, and how large is that historically?
EURCAD closed at 1.4576, down 0.93% from the previous Daily candle (1.4713). This drop is larger than 97% of past drops on the Daily timeframe for EURCAD, across 1,424 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 40.7 percentage points from the previous candle — from 4.6% to -36.2%. This drop is larger than 96% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 4.6%, Neutral — when this candle closed, EURCAD moved down to a lower zone: Neutral → Bear Bias.
Where does EURCAD energy sit within the Bear Bias zone?
At -36.2%, EURCAD is 15.3 points from the upper boundary of Bear Bias (-20.88%) and 23.82 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias 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 Bias 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 Critical with energy -72%; GER40 (European equities) in Bull Bias with energy 36.2%. Against this backdrop, EURCAD (Bear Bias, -36.2%) has higher energy than SPX500; lower than 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 30.5%. EURCAD (Bear Bias) 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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