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Trend of 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: 20.63%
- Distance to upper bound of Neutral (at 20.88%): 0.25%
- Distance to lower bound of Neutral (at -20.88%): 41.51%
"To truly understand anything, study its history" — 2AITRADING
Right as the Weekly candle closes, EURCAD within Neutral.
On trend energy, Energy delta +8.9%: Market Energy at 20.6%, previously 11.7%.
Time in Neutral energy zone: 7 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 +11.7 to +20.6.
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 11-01-2018 closed, EURCAD was in Neutral with Market Energy 20.6%, 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 rose 8.9 percentage points from the previous candle — from 11.7% to 20.6%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 11.7%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 20.6%, EURCAD is 0.25 points from the upper boundary of Neutral (20.88%) and 41.51 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 Bias with energy 52.4%; GER40 (European equities) in Bear Bias with energy -43.3%. Against this backdrop, EURCAD (Neutral, 20.6%) has higher energy than GER40; lower than 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 22.9%. EURCAD energy is currently below DXY by 2.3 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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