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| Price | ▼ 0.09% | ▲ 0.16% | ▲ 0.48% | ▼ 0.33% |
| Energy | ▲ 5.5 | ▲ 7.8 | ▲ 33.2 | ▼ 18.0 |
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: 18.05%
- Distance to upper bound of Neutral (at 20.88%): 2.83%
- Distance to lower bound of Neutral (at -20.88%): 38.93%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Daily candle, Result for EURCAD: neutral trend energy.
On the measurement side, Market Energy reading dropped -18%, moving from 36% to 18% after the Daily candle.
Time in Neutral 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 -10.5 to +36.
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 02-07-2024 closed, EURCAD was at 1.4701, down 0.33% from the previous candle (1.475). Market Energy was 18%, down 18.0 points from 36%, 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 1.4701, down 0.33% from the previous Daily candle (1.475). This drop is larger than 68% of past drops on the Daily timeframe for EURCAD, across 1,717 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 18 percentage points from the previous candle — from 36% to 18%. This drop is larger than 71% of past drops on the Daily timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. Both price and energy moved down on this candle. 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 36%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At 18%, EURCAD is 2.83 points from the upper boundary of Neutral (20.88%) and 38.93 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 Neutral with energy -10.8%; GER40 (European equities) in Bear Bias with energy -36.9%. Against this backdrop, EURCAD (Neutral, 18%) has higher energy than GER40; sits in the same state zone as SPX500.
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 Extreme with Market Energy 75.7%. EURCAD energy is currently below DXY by 57.6 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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