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| Price | ▲ 0.47% | ▲ 0.77% | ▼ 0.14% | ▼ 0.05% |
| Energy | ▲ 18.9 | ▲ 58.1 | ▲ 7.4 | ▼ 6.2 |
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: 7.4%
- Distance to upper bound of Neutral (at 20.88%): 13.48%
- Distance to lower bound of Neutral (at -20.88%): 28.28%
"A person's history reveals more than you might think" — 2AITRADING
With the Daily candle just closed, EURCAD currently in the Neutral energy level.
Market movement just recorded on the Daily timeframe, Market Energy dropped -6.2% from the previous session, from 13.6% to 7.4%.
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 -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 02-10-2023 closed, EURCAD was at 1.4333, down 0.05% from the previous candle (1.434). Market Energy was 7.4%, down 6.2 points from 13.6%, 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 1.4333, down 0.05% from the previous Daily candle (1.434). This drop is larger than 16% of past drops on the Daily timeframe for EURCAD, across 1,484 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 6.2 percentage points from the previous candle — from 13.6% to 7.4%. This drop is larger than 34% 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 13.6%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 7.4%, EURCAD is 13.48 points from the upper boundary of Neutral (20.88%) and 28.28 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 Bias with energy -32.9%; GER40 (European equities) in Bull Bias with energy 25.9%. Against this backdrop, EURCAD (Neutral, 7.4%) 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 Critical with Market Energy 67.1%. EURCAD energy is currently below DXY by 59.7 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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