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| Price | ▼ 0.75% | ▲ 0.47% | ▲ 0.77% | ▼ 0.14% |
| Energy | ▼ 13.5 | ▲ 18.9 | ▲ 58.1 | ▲ 7.4 |
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: 13.62%
- Distance to upper bound of Neutral (at 20.88%): 7.26%
- Distance to lower bound of Neutral (at -20.88%): 34.5%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
The balanced energy state is the result just recorded for EURCAD after the Daily candle closed.
The market energy reading A +7.4% change from the previous candle, Market Energy is now 13.6% (previous: 6.2%).
Time in Neutral energy zone: 2 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 -70.7 to +13.6.
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 01-10-2023 closed, EURCAD was at 1.434, down 0.14% from the previous candle (1.4359). Market Energy was 13.6%, up 7.4 points from 6.2%, 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 1.434, down 0.14% from the previous Daily candle (1.4359). This drop is larger than 37% of past drops on the Daily timeframe for EURCAD, across 1,483 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 7.4 percentage points from the previous candle — from 6.2% to 13.6%. This rise is larger than 38% of past rises on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
No. On this candle price fell but energy rose — the two moved in opposite directions. 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 6.2%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 13.6%, EURCAD is 7.26 points from the upper boundary of Neutral (20.88%) and 34.5 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 Critical with energy -68.4%; GER40 (European equities) in Bear Extreme with energy -76.5%. Against this backdrop, EURCAD (Neutral, 13.6%) 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 Critical with Market Energy 67%. EURCAD energy is currently below DXY by 53.4 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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