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Trend of Bear Extreme EURCAD 1H
▸When EURCAD is in Bear Extreme:
- then EURCAD moved to higher Market State: 710 times — 100%
- then EURCAD moved to lower Market State: 0 times — 0%
▸Current EURCAD market energy: -79.9%
- Distance to upper bound of Bear Extreme (at -74.5%): 5.4%
- Distance to bottom -100%: 20.1%
"Does history really repeat itself?" — 2AITRADING
Following the completion of the 1H candle, EURCAD shows the Bear Extreme zone.
Looking at the energy level, Market Energy at -79.9%, up +3.1% from -83% in the previous candle.
Time in Bear 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 -83.4 to +84.2.
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 00:00 on 03-07-2020 closed, EURCAD was in Bear Extreme with Market Energy -79.9%, controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 3.1 percentage points from the previous candle — from -83% to -79.9%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at -83%, Bear Extreme — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bear Extreme zone?
At -79.9%, EURCAD is 5.4 points from the upper boundary of Bear Extreme (-74.5%) and 20.1 points from the lower boundary (-100%) — so energy sits closer to the upper boundary at candle close.
What does Bear Extreme mean?
Bear 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 Bear 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 Bull Bias with energy 38.5%; GER40 (European equities) in Bull Extreme with energy 80.7%. Against this backdrop, EURCAD (Bear Extreme, -79.9%) lower 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 Critical with Market Energy 67.4%. EURCAD (Bear 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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