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EURCAD is currently leaning slightly toward buyers, energy +11.8%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Neutral EURCAD 1H
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 2,935 times — 49.4%
- then EURCAD moved to lower Market State: 3,004 times — 50.6%
▸Current EURCAD market energy: 11.82%
- Distance to upper bound of Neutral (at 20.88%): 9.06%
- Distance to lower bound of Neutral (at -20.88%): 32.7%
"Does history really repeat itself?" — 2AITRADING
From the just-closed 1H candle data, Market Energy of EURCAD indicates the Bull/Bear balanced state.
Looking at the Market Energy reading, Market Energy dropped -2.8% from the previous session, from 14.7% to 11.8%.
Time in Neutral energy zone: 4 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 -72.6 to +38.2.
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 02:00 on 10-08-2021 closed, EURCAD was in Neutral with Market Energy 11.8%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 2.8 percentage points from the previous candle — from 14.7% to 11.8%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 14.7%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 11.8%, EURCAD is 9.06 points from the upper boundary of Neutral (20.88%) and 32.7 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Neutral with energy 15.2%; GER40 (European equities) in Bull Bias with energy 32.3%. Against this backdrop, EURCAD (Neutral, 11.8%) 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 Extreme with Market Energy 82.5%. EURCAD energy is currently below DXY by 70.7 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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