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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: -4.87%
- Distance to upper bound of Neutral (at 20.88%): 25.75%
- Distance to lower bound of Neutral (at -20.88%): 16.01%
"History always repeats itself, one way or another" — 2AITRADING
As the Weekly candle completes, EURCAD classified as the zone between Bull and Bear energy.
The market energy reading Energy delta -22.5%: Market Energy at -4.9%, previously 17.7%.
Time in Neutral energy zone: 2 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 -4.9 to +17.7.
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 28-06-2018 closed, EURCAD was in Neutral with Market Energy -4.9%, 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 22.5 percentage points from the previous candle — from 17.7% to -4.9%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 17.7%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At -4.9%, EURCAD is 25.75 points from the upper boundary of Neutral (20.88%) and 16.01 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 Bear Extreme with energy -77.4%; GER40 (European equities) in Bear Critical with energy -73.8%. Against this backdrop, EURCAD (Neutral, -4.9%) has higher energy 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 51.4%. EURCAD energy is currently below DXY by 56.3 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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