·
Trend of Bear Critical EURCAD 1H
▸When EURCAD is in Bear Critical:
- then EURCAD moved to higher Market State: 1,217 times — 72.4%
- then EURCAD moved to lower Market State: 463 times — 27.6%
▸Current EURCAD market energy: -71.98%
- Distance to upper bound of Bear Critical (at -60%): 11.98%
- Distance to lower bound of Bear Critical (at -74.5%): 2.52%
"History always repeats itself, one way or another" — 2AITRADING
Following the completion of the 1H candle, EURCAD classified as Bear Critical.
Market trend energy Market trend energy recorded a -23.5% drop from the previous candle, from -48.5% to -72%.
Time in Bear 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 -81.7 to +86.4.
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 13-10-2023 closed, EURCAD was in Bear Critical with Market Energy -72%, controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 23.5 percentage points from the previous candle — from -48.5% to -72%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at -48.5%, Bear Bias — when this candle closed, EURCAD moved down to a lower zone: Bear Bias → Bear Critical.
Where does EURCAD energy sit within the Bear Critical zone?
At -72%, EURCAD is 11.98 points from the upper boundary of Bear Critical (-60%) and 2.52 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear 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 Bear 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 Bear Bias with energy -27.5%; GER40 (European equities) in Bear Extreme with energy -90.2%. Against this backdrop, EURCAD (Bear Critical, -72%) 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 Bull Extreme with Market Energy 85.3%. EURCAD (Bear 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 →
To jump to a symbol you're interested in, click .