·
| Price | ▲ 0.14% | ▲ 0.12% | ▼ 0.01% | ▼ 0.35% |
| Energy | ▲ 48.8 | ▲ 31.0 | ▼ 11.1 | ▼ 100.4 |
Trend of Bear Bias EURCAD 1H
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 3,195 times — 70.6%
- then EURCAD moved to lower Market State: 1,329 times — 29.4%
▸Current EURCAD market energy: -40.86%
- Distance to upper bound of Bear Bias (at -20.88%): 19.98%
- Distance to lower bound of Bear Bias (at -60%): 19.14%
"Let data guide you, but never trust it completely" — 2AITRADING
With the 1H candle just closed, EURCAD in the Bear trend energy zone.
Market movement after the 1H candle closes, Market Energy dropped -100.4% this candle, currently -40.9% (previous candle 59.6%).
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 -40.9 to +90.7.
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 21:00 on 04-08-2021 closed, EURCAD was at 1.4852, down 0.35% from the previous candle (1.4904). Market Energy was -40.9%, down 100.4 points from 59.6%, 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 1.4852, down 0.35% from the previous 1H candle (1.4904). This drop is larger than 99% of past drops on the 1H timeframe for EURCAD, across 16,126 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 100.4 percentage points from the previous candle — from 59.6% to -40.9%. This is the largest of all drops on the 1H timeframe for EURCAD on record since 2019.
Do EURCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 59.6%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Bear Bias.
Where does EURCAD energy sit within the Bear Bias zone?
At -40.9%, EURCAD is 19.98 points from the upper boundary of Bear Bias (-20.88%) and 19.14 points from the lower boundary (-60%) — so energy sits closer to the lower 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 -59.7%; GER40 (European equities) in Bull Extreme with energy 79.2%. Against this backdrop, EURCAD (Bear Bias, -40.9%) 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 Bull Critical with Market Energy 65.3%. EURCAD (Bear 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 →
To jump to a symbol you're interested in, click .