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Trend of Bull Bias EURCAD Weekly
▸When EURCAD is in Bull Bias:
- then EURCAD moved to higher Market State: 9 times — 19.1%
- then EURCAD moved to lower Market State: 38 times — 80.9%
▸Current EURCAD market energy: 22.93%
- Distance to upper bound of Bull Bias (at 60%): 37.07%
- Distance to lower bound of Bull Bias (at 20.88%): 2.05%
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Observing the completed Weekly candle, Market Energy of EURCAD indicates the Bull Bias zone.
Observing the EURCAD market this session, Market Energy rose +1.7% from the previous candle, from 21.2% to 22.9%.
Time in Bull Bias energy zone: 5 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 +21.2 to +22.9.
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 11-05-2017 closed, EURCAD was in Bull Bias with Market Energy 22.9%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 1.7 percentage points from the previous candle — from 21.2% to 22.9%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 21.2%, Bull Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bull Bias zone?
At 22.9%, EURCAD is 37.07 points from the upper boundary of Bull Bias (60%) and 2.05 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 Bias with energy 58.6%; GER40 (European equities) in Neutral with energy 13.6%. Against this backdrop, EURCAD (Bull Bias, 22.9%) has higher energy 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 Extreme with Market Energy 79%. 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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