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EURCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -22.3%.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Bear Bias EURCAD 1H
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 3,145 times — 70.7%
- then EURCAD moved to lower Market State: 1,304 times — 29.3%
▸Current EURCAD market energy: -22.34%
- Distance to upper bound of Bear Bias (at -20.88%): 1.46%
- Distance to lower bound of Bear Bias (at -60%): 37.66%
"Let data guide you, but never trust it completely" — 2AITRADING
The Bear Bias state is the result just recorded for EURCAD after the 1H candle closed.
Looking at the Market Energy reading, Compared to the previous candle (31.4%), Market Energy dropped -53.7% to -22.3%.
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 -49.3 to +87.4.
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 21:00 on 21-12-2021 closed, EURCAD was in Bear Bias with Market Energy -22.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 53.7 percentage points from the previous candle — from 31.4% to -22.3%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 31.4%, 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 -22.3%, EURCAD is 1.46 points from the upper boundary of Bear Bias (-20.88%) and 37.66 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 Bear Extreme with energy -81.5%; GER40 (European equities) in Neutral with energy 5.9%. Against this backdrop, EURCAD (Bear Bias, -22.3%) has higher energy than SPX500; lower than 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 Bull Bias with Market Energy 53.1%. 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 →
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