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Trend of Bull Extreme EURCAD 1H
▸When EURCAD is in Bull Extreme:
- then EURCAD moved to higher Market State: 0 times — 0%
- then EURCAD moved to lower Market State: 675 times — 100%
▸Current EURCAD market energy: 85.07%
- Distance to peak 100%: 14.93%
- Distance to lower bound of Bull Extreme (at 74.5%): 10.57%
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EURCAD classified into Bull in Extreme state after the 1H candle completed.
Looking at the Market Energy reading, Market Energy reading dropped -8.7%, moving from 93.8% to 85.1% after the 1H candle.
Time in Bull Extreme energy zone: 5 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 -68.6 to +95.1.
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 20:00 on 06-03-2020 closed, EURCAD was in Bull Extreme with Market Energy 85.1%, controlled by buyers. The Bull Extreme zone spans 74.5% to 100%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 8.7 percentage points from the previous candle — from 93.8% to 85.1%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 93.8%, Bull Extreme — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Extreme zone?
At 85.1%, EURCAD is 14.93 points from the upper boundary of Bull Extreme (100%) and 10.57 points from the lower boundary (74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bull Extreme mean?
Bull Extreme 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 Extreme 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 Critical with energy -68.7%; GER40 (European equities) in Bear Critical with energy -64.7%. Against this backdrop, EURCAD (Bull Extreme, 85.1%) 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 Bear Extreme with Market Energy -75.6%. EURCAD (Bull Extreme) and DXY currently sit on opposite sides.
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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