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Trend of Bull Bias EURCAD 1H
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 1,268 times — 29.3%
- then EURCAD moved to lower Market State: 3,061 times — 70.7%
▸Current EURCAD market energy: 37.41%
- Distance to upper bound of Bull Bias (at 60%): 22.59%
- Distance to lower bound of Bull Bias (at 20.88%): 16.53%
"To truly understand anything, study its history" — 2AITRADING
Measurement result after the 1H candle closes, EURCAD in the Bull Bias energy level.
Looking at the energy level, Market Energy dropped -18.6% from the previous session, from 56.1% to 37.4%.
Time in Bull Bias energy zone: 8 1H 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 -70.8 to +93.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURCAD on 1H when this candle closed?
When the 1H candle at 08:00 on 29-01-2019 closed, EURCAD was in Bull Bias with Market Energy 37.4%, 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 18.6 percentage points from the previous candle — from 56.1% to 37.4%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 56.1%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 37.4%, EURCAD is 22.59 points from the upper boundary of Bull Bias (60%) and 16.53 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 Bear Bias with energy -43.9%; GER40 (European equities) in Neutral with energy 10.9%. Against this backdrop, EURCAD (Bull Bias, 37.4%) 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 Neutral with Market Energy -13.4%. EURCAD energy is currently above DXY by 50.8 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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