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| Price | ▼ 0.09% | ▲ 0.02% | ▲ 0.15% | ▲ 0.06% |
| Energy | ▼ 26.6 | ▼ 1.1 | ▲ 48.8 | ▲ 44.4 |
Trend of Bull Bias EURCAD 1H
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 1,294 times — 29.5%
- then EURCAD moved to lower Market State: 3,096 times — 70.5%
▸Current EURCAD market energy: 34.94%
- Distance to upper bound of Bull Bias (at 60%): 25.06%
- Distance to lower bound of Bull Bias (at 20.88%): 14.06%
"Let data guide you, but never trust it completely" — 2AITRADING
Measurement result after the 1H candle closes, EURCAD currently in the energy state tilted toward Bull.
Market energy measurement Market Energy rose +44.4% from the previous session, from -9.4% to 34.9%.
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 -93.4 to +93.6.
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 20:00 on 23-07-2021 closed, EURCAD was at 1.4812, up 0.06% from the previous candle (1.4803). Market Energy was 34.9%, up 44.4 points from -9.4%, 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 1.4812, up 0.06% from the previous 1H candle (1.4803). This rise is larger than 69% of past rises on the 1H timeframe for EURCAD, across 15,933 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 44.4 percentage points from the previous candle — from -9.4% to 34.9%. This rise is larger than 96% of past rises on the 1H timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. Both price and energy moved up on this candle. 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 -9.4%, 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 34.9%, EURCAD is 25.06 points from the upper boundary of Bull Bias (60%) and 14.06 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 Bear Bias with energy -32.5%; GER40 (European equities) in Bull Bias with energy 53.4%. Against this backdrop, EURCAD (Bull Bias, 34.9%) has higher energy than SPX500; sits in the same state zone as 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 Bear Bias with Market Energy -23.7%. 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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