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Trend of Bull Critical EURCAD 1H
▸When EURCAD is in Bull Critical:
- then EURCAD moved to higher Market State: 407 times — 25.3%
- then EURCAD moved to lower Market State: 1,200 times — 74.7%
▸Current EURCAD market energy: 68.05%
- Distance to upper bound of Bull Critical (at 74.5%): 6.45%
- Distance to lower bound of Bull Critical (at 60%): 8.05%
"Does history really repeat itself?" — 2AITRADING
Right as the 1H candle closes, EURCAD in Bull in Critical state.
Meanwhile, Market Energy dropped -10.6% this candle, currently 68.1% (previous candle 78.7%).
Time in Bull Critical 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 -95.4 to +88.9.
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 20:00 on 03-05-2023 closed, EURCAD was in Bull Critical with Market Energy 68.1%, controlled by buyers. The Bull Critical zone spans 60% to 74.5%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 10.6 percentage points from the previous candle — from 78.7% to 68.1%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 78.7%, Bull Extreme — when this candle closed, EURCAD moved down to a lower zone: Bull Extreme → Bull Critical.
Where does EURCAD energy sit within the Bull Critical zone?
At 68.1%, EURCAD is 6.45 points from the upper boundary of Bull Critical (74.5%) and 8.05 points from the lower boundary (60%) — so energy sits closer to the upper boundary at candle close.
What does Bull Critical mean?
Bull Critical 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 Critical 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 14.5%; GER40 (European equities) in Neutral with energy 1.7%. Against this backdrop, EURCAD (Bull Critical, 68.1%) has higher energy than SPX500, 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 -30.1%. EURCAD (Bull Critical) 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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