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Trend of Bear Bias EURCAD 1H
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 3,150 times — 70.7%
- then EURCAD moved to lower Market State: 1,307 times — 29.3%
▸Current EURCAD market energy: -29.15%
- Distance to upper bound of Bear Bias (at -20.88%): 8.27%
- Distance to lower bound of Bear Bias (at -60%): 30.85%
"Let data guide you, but never trust it completely" — 2AITRADING
Observing the completed 1H candle, EURCAD classified as Bear Bias.
On the measurement side, Market Energy at -29.1%, down -13.2% from -15.9% in the previous candle.
Time in Bear Bias energy zone: 1 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 02:00 on 04-07-2020 closed, EURCAD was in Bear Bias with Market Energy -29.1%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 13.2 percentage points from the previous candle — from -15.9% to -29.1%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at -15.9%, Neutral — when this candle closed, EURCAD moved down to a lower zone: Neutral → Bear Bias.
Where does EURCAD energy sit within the Bear Bias zone?
At -29.1%, EURCAD is 8.27 points from the upper boundary of Bear Bias (-20.88%) and 30.85 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 -33.4%; GER40 (European equities) in Neutral with energy 18.8%. Against this backdrop, EURCAD (Bear Bias, -29.1%) lower 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 Bear Bias with Market Energy -29.7%. EURCAD (Bear Bias) and DXY currently sit on the same Bear 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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