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| Price | ▲ 0.05% | ▼ 0.19% | ▼ 0.48% | ▲ 0.27% |
| Energy | ▼ 3.3 | ▼ 3.1 | ▼ 24.7 | ▲ 1.2 |
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: 17.37%
- Distance to upper bound of Neutral (at 20.88%): 3.51%
- Distance to lower bound of Neutral (at -20.88%): 38.25%
"A person's history reveals more than you might think" — 2AITRADING
EURCAD recorded in the neutral energy state as the Daily candle ended.
Per the 2AiTrading energy measurement system, Market Energy rose +1.2% from the previous session, from 16.1% to 17.4%.
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 +16.1 to +47.2.
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 10-10-2023 closed, EURCAD was at 1.4405, up 0.27% from the previous candle (1.4366). Market Energy was 17.4%, up 1.2 points from 16.1%, 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 1.4405, up 0.27% from the previous Daily candle (1.4366). This rise is larger than 60% of past rises on the Daily timeframe for EURCAD, across 1,491 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 1.2 percentage points from the previous candle — from 16.1% to 17.4%. This rise is larger than 8% of past rises on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. 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 16.1%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 17.4%, EURCAD is 3.51 points from the upper boundary of Neutral (20.88%) and 38.25 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 Bull Extreme with energy 89.1%; GER40 (European equities) in Bull Extreme with energy 87.9%. Against this backdrop, EURCAD (Neutral, 17.4%) lower 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 Bear Extreme with Market Energy -91.7%. EURCAD energy is currently above DXY by 109 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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