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EURCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +43.0%.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Bull Bias EURCAD 1H
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 1,266 times — 29.3%
- then EURCAD moved to lower Market State: 3,054 times — 70.7%
▸Current EURCAD market energy: 42.99%
- Distance to upper bound of Bull Bias (at 60%): 17.01%
- Distance to lower bound of Bull Bias (at 20.88%): 22.11%
"Does history really repeat itself?" — 2AITRADING
Right as the 1H candle closes, EURCAD classified as energy leaning Bull.
Market trend energy Market Energy rose +38.8% from the previous candle, from 4.2% to 43%.
Time in Bull 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 -82.6 to +86.8.
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 08:00 on 21-05-2021 closed, EURCAD was in Bull Bias with Market Energy 43%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 38.8 percentage points from the previous candle — from 4.2% to 43%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 4.2%, Neutral — when this candle closed, EURCAD moved up to a higher zone: Neutral → Bull Bias.
Where does EURCAD energy sit within the Bull Bias zone?
At 43%, EURCAD is 17.01 points from the upper boundary of Bull Bias (60%) and 22.11 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 58.2%; GER40 (European equities) in Bull Critical with energy 65.4%. Against this backdrop, EURCAD (Bull Bias, 43%) 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 Critical with Market Energy -73.5%. EURCAD (Bull Bias) 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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