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| Price | ▲ 0.06% | ▼ 0.01% | ▲ 0.07% | ▼ 0.10% |
| Energy | ▲ 7.2 | ▲ 0.2 | ▲ 11.6 | ▼ 44.5 |
Trend of Bull Bias EURCAD 1H
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 1,294 times — 29.5%
- then EURCAD moved to lower Market State: 3,096 times — 70.5%
▸Current EURCAD market energy: 21.81%
- Distance to upper bound of Bull Bias (at 60%): 38.19%
- Distance to lower bound of Bull Bias (at 20.88%): 0.93%
"To truly understand anything, study its history" — 2AITRADING
After the 1H candle closes, Result for EURCAD: the energy state leaning Bull.
Looking at the Market Energy reading, Market Energy reading dropped -44.5%, moving from 66.3% to 21.8% after the 1H candle.
Time in Bull Bias 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 -44.9 to +71.7.
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 14:00 on 18-12-2024 closed, EURCAD was at 1.5042, down 0.1% from the previous candle (1.5056). Market Energy was 21.8%, down 44.5 points from 66.3%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did EURCAD price move on this 1H candle, and how large is that historically?
EURCAD closed at 1.5042, down 0.1% from the previous 1H candle (1.5056). This drop is larger than 83% of past drops on the 1H timeframe for EURCAD, across 37,170 candles since 2019.
How did EURCAD Market Energy change from the previous candle?
Market Energy fell 44.5 percentage points from the previous candle — from 66.3% to 21.8%. This drop is larger than 96% of past drops on the 1H timeframe for EURCAD.
Do EURCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was EURCAD in on the previous 1H candle?
The previous 1H candle had EURCAD at 66.3%, Bull Critical — when this candle closed, EURCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does EURCAD energy sit within the Bull Bias zone?
At 21.8%, EURCAD is 38.19 points from the upper boundary of Bull Bias (60%) and 0.93 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias 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 Bias 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 65.2%; GER40 (European equities) in Bull Critical with energy 67.8%. Against this backdrop, EURCAD (Bull Bias, 21.8%) lower 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 Bull Bias with Market Energy 27.2%. EURCAD (Bull Bias) and DXY currently sit on the same Bull side.
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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