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| Price | ▲ 0.03% | ▲ 0.03% | ▼ 0.03% | ▼ 0.03% |
| Energy | ▲ 8.1 | ▲ 14.9 | ▼ 5.6 | ▼ 11.0 |
Trend of Neutral EURCAD 1H
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 2,967 times — 49.4%
- then EURCAD moved to lower Market State: 3,042 times — 50.6%
▸Current EURCAD market energy: -18.86%
- Distance to upper bound of Neutral (at 20.88%): 39.74%
- Distance to lower bound of Neutral (at -20.88%): 2.02%
"History always repeats itself, one way or another" — 2AITRADING
The balanced Market Energy zone recorded from just-completed 1H candle data for EURCAD.
Market energy movement Market Energy dropped -11% this candle, currently -18.9% (previous candle -7.8%).
Time in Neutral energy zone: 4 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 -86.6 to +98.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURCAD price and energy show when this 1H candle closed?
When the 1H candle at 13:00 on 06-08-2024 closed, EURCAD was at 1.5126, down 0.03% from the previous candle (1.5131). Market Energy was -18.9%, down 11.0 points from -7.8%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURCAD price move on this 1H candle, and how large is that historically?
EURCAD closed at 1.5126, down 0.03% from the previous 1H candle (1.5131). This drop is larger than 42% of past drops on the 1H timeframe for EURCAD, across 34,866 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 11 percentage points from the previous candle — from -7.8% to -18.9%. This drop is larger than 58% of past drops on the 1H timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at -7.8%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At -18.9%, EURCAD is 39.74 points from the upper boundary of Neutral (20.88%) and 2.02 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Neutral with energy 7.8%; GER40 (European equities) in Bull Bias with energy 31.1%. Against this backdrop, EURCAD (Neutral, -18.9%) lower than GER40; sits in the same state zone as 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 Bias with Market Energy 54.8%. EURCAD energy is currently below DXY by 73.7 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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