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Trend of 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: 3,006 times — 50.6%
▸Current EURCAD market energy: 14.68%
- Distance to upper bound of Neutral (at 20.88%): 6.2%
- Distance to lower bound of Neutral (at -20.88%): 35.56%
"History always repeats itself, one way or another" — 2AITRADING
EURCAD recorded in the balanced trend energy zone as the 1H candle ended.
Market movement after the 1H candle closes, Market Energy reading dropped -16.3%, moving from 31% to 14.7% after the 1H candle.
Time in Neutral 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 -92 to +58.8.
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 23:00 on 05-06-2023 closed, EURCAD was in Neutral with Market Energy 14.7%, 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 16.3 percentage points from the previous candle — from 31% to 14.7%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 31%, Bull Bias — when this candle closed, EURCAD moved down to a lower zone: Bull Bias → Neutral.
Where does EURCAD energy sit within the Neutral zone?
At 14.7%, EURCAD is 6.2 points from the upper boundary of Neutral (20.88%) and 35.56 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 Bull Critical with energy 68.1%; GER40 (European equities) in Bear Extreme with energy -80.5%. Against this backdrop, EURCAD (Neutral, 14.7%) has higher energy than GER40; lower than 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 Bear Extreme with Market Energy -87.6%. EURCAD energy is currently above DXY by 102.3 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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