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| Price | ▲ 0.03% | ▲ 0.04% | ▼ 0.04% | ▼ 0.00% |
| Energy | ▲ 8.4 | ▼ 0.8 | ▼ 9.7 | ▼ 14.1 |
Trend of Bull Bias EURCAD 1H
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 1,296 times — 29.5%
- then EURCAD moved to lower Market State: 3,097 times — 70.5%
▸Current EURCAD market energy: 35.25%
- Distance to upper bound of Bull Bias (at 60%): 24.75%
- Distance to lower bound of Bull Bias (at 20.88%): 14.37%
"Does history really repeat itself?" — 2AITRADING
With the 1H candle just closed, EURCAD recorded in the Bull Bias state.
Looking at the Market Energy reading, Energy delta -14.1%: Market Energy at 35.2%, previously 49.4%.
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 -75.8 to +89.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURCAD price and energy show when this 1H candle closed?
When the 1H candle at 19:00 on 18-12-2020 closed, EURCAD was at 1.563, down <0.01% from the previous candle (1.5631). Market Energy was 35.2%, down 14.1 points from 49.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURCAD price move on this 1H candle, and how large is that historically?
EURCAD closed at 1.563, down <0.01% from the previous 1H candle (1.5631). This drop is larger than 0% of past drops on the 1H timeframe for EURCAD, across 12,259 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 14.1 percentage points from the previous candle — from 49.4% to 35.2%. This drop is larger than 67% of past drops on the 1H timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 49.4%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 35.2%, EURCAD is 24.75 points from the upper boundary of Bull Bias (60%) and 14.37 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 Bull Bias with energy 48%; GER40 (European equities) in Bull Bias with energy 23.3%. Against this backdrop, EURCAD (Bull Bias, 35.2%) sits in the same state zone as 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 6.1%. EURCAD energy is currently above DXY by 29.2 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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