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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: 13.11%
- Distance to upper bound of Neutral (at 20.88%): 7.77%
- Distance to lower bound of Neutral (at -20.88%): 33.99%
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With the 1H candle just closed, EURCAD in Neutral.
The market energy reading Market Energy moved from 33% to 13.1%, down -19.9% from the previous 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 -90.5 to +81.5.
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 16:00 on 08-01-2024 closed, EURCAD was in Neutral with Market Energy 13.1%, 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 19.9 percentage points from the previous candle — from 33% to 13.1%.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 33%, 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 13.1%, EURCAD is 7.77 points from the upper boundary of Neutral (20.88%) and 33.99 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 Bear Bias with energy -29.8%; GER40 (European equities) in Neutral with energy 11.4%. Against this backdrop, EURCAD (Neutral, 13.1%) has higher energy than SPX500; sits in the same state zone as 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 30.9%. EURCAD energy is currently below DXY by 17.8 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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