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| Price | ▼ 0.05% | ▲ 0.04% | ▲ 0.01% | ▼ 0.17% |
| Energy | ▼ 16.6 | ▲ 8.0 | ▲ 9.5 | ▼ 21.4 |
Trend of Bear Bias EURCAD 1H
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 3,194 times — 70.6%
- then EURCAD moved to lower Market State: 1,329 times — 29.4%
▸Current EURCAD market energy: -25.51%
- Distance to upper bound of Bear Bias (at -20.88%): 4.63%
- Distance to lower bound of Bear Bias (at -60%): 34.49%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
As the 1H candle completes, EURCAD currently in the Bear Bias zone.
The EURCAD market at session end, Market Energy dropped -21.4% this candle, currently -25.5% (previous candle -4.1%).
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 -83.9 to +75.7.
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 02:00 on 24-02-2021 closed, EURCAD was at 1.5293, down 0.17% from the previous candle (1.5319). Market Energy was -25.5%, down 21.4 points from -4.1%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did EURCAD price move on this 1H candle, and how large is that historically?
EURCAD closed at 1.5293, down 0.17% from the previous 1H candle (1.5319). This drop is larger than 95% of past drops on the 1H timeframe for EURCAD, across 13,346 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 21.4 percentage points from the previous candle — from -4.1% to -25.5%. This drop is larger than 80% 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 the candle that just closed; it does not say where price goes next.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at -4.1%, 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 -25.5%, EURCAD is 4.63 points from the upper boundary of Bear Bias (-20.88%) and 34.49 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 Bull Bias with energy 27.5%; GER40 (European equities) in Bull Bias with energy 40.7%. Against this backdrop, EURCAD (Bear Bias, -25.5%) 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 Neutral with Market Energy 10.3%. EURCAD energy is currently below DXY by 35.8 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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