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Trend of Bull Bias EURCAD Daily
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 84 times — 25.7%
- then EURCAD moved to lower Market State: 243 times — 74.3%
▸Current EURCAD market energy: 29.19%
- Distance to upper bound of Bull Bias (at 60%): 30.81%
- Distance to lower bound of Bull Bias (at 20.88%): 8.31%
"History always repeats itself, one way or another" — 2AITRADING
From the just-closed Daily candle data, Market EURCAD in the Bull Bias energy state.
On the energy side, A -11.4% change from the previous candle, Market Energy is now 29.2% (previous: 40.6%).
Time in Bull Bias energy zone: 6 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 +29.2 to +46.4.
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 09-05-2024 closed, EURCAD was in Bull Bias with Market Energy 29.2%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 11.4 percentage points from the previous candle — from 40.6% to 29.2%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 40.6%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 29.2%, EURCAD is 30.81 points from the upper boundary of Bull Bias (60%) and 8.31 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Bias with energy 30%; GER40 (European equities) in Bull Bias with energy 32.4%. Against this backdrop, EURCAD (Bull Bias, 29.2%) sits in the same state zone as 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 -5.7%. EURCAD energy is currently above DXY by 34.9 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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