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EURCAD is currently leaning slightly toward buyers, energy +12.1%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for EURCAD on the EURCAD overview →
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UP–DOWN statistics for Neutral EURCAD Weekly
▸When EURCAD is in Neutral:
- then EURCAD moved to higher Market State: 35 times — 46.7%
- then EURCAD moved to lower Market State: 40 times — 53.3%
▸Current EURCAD market energy: 12.12%
- Distance to upper bound of Neutral (at 20.88%): 8.76%
- Distance to lower bound of Neutral (at -20.88%): 33%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Weekly session concludes, EURCAD recorded in trend energy in a neutral state.
Market trend on the 2AiTrading energy system Market Energy dropped -3.7% from the previous candle, from 15.8% to 12.1%.
Time in Neutral energy zone: 21 Weekly 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 +12.1 to +15.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was EURCAD on Weekly when this candle closed?
When the Weekly candle at 07:00 on 08-08-2016 closed, EURCAD was in Neutral with Market Energy 12.1%, 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 3.7 percentage points from the previous candle — from 15.8% to 12.1%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 15.8%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 12.1%, EURCAD is 8.76 points from the upper boundary of Neutral (20.88%) and 33 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 Extreme with energy 81.7%; GER40 (European equities) in Bull Extreme with energy 85.6%. Against this backdrop, EURCAD (Neutral, 12.1%) 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 Neutral with Market Energy 6.9%. EURCAD energy is currently above DXY by 5.3 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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