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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: 49.63%
- Distance to upper bound of Bull Bias (at 60%): 10.37%
- Distance to lower bound of Bull Bias (at 20.88%): 28.75%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
Following the completion of the Daily candle, Market EURCAD in the Bull Bias energy zone.
Per the 2AI model, Market Energy moved from 61.3% to 49.6%, down -11.7% from the previous candle.
Time in Bull Bias 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 +49.6 to +74.4.
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 24-07-2024 closed, EURCAD was in Bull Bias with Market Energy 49.6%, 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 11.7 percentage points from the previous candle — from 61.3% to 49.6%.
What state was EURCAD in on the previous Daily candle?
The previous Daily candle had EURCAD at 61.3%, Bull Critical — when this candle closed, EURCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does EURCAD energy sit within the Bull Bias zone?
At 49.6%, EURCAD is 10.37 points from the upper boundary of Bull Bias (60%) and 28.75 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Bear Extreme with energy -75.9%; GER40 (European equities) in Bear Bias with energy -56.1%. Against this backdrop, EURCAD (Bull Bias, 49.6%) 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 Bias with Market Energy 46.7%. EURCAD (Bull Bias) and DXY currently sit on the same Bull side.
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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