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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: 39.75%
- Distance to upper bound of Bull Bias (at 60%): 20.25%
- Distance to lower bound of Bull Bias (at 20.88%): 18.87%
"Does history really repeat itself?" — 2AITRADING
EURCAD recorded in Bull Bias as the Weekly candle ended.
Per the 2AiTrading energy measurement system, The energy level rose +21.2%: from 18.6% now at 39.8%.
Time in Bull Bias energy zone: 1 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 +18.6 to +39.8.
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 29-11-2018 closed, EURCAD was in Bull Bias with Market Energy 39.8%, 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 21.2 percentage points from the previous candle — from 18.6% to 39.8%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 18.6%, Neutral — when this candle closed, EURCAD moved up to a higher zone: Neutral → Bull Bias.
Where does EURCAD energy sit within the Bull Bias zone?
At 39.8%, EURCAD is 20.25 points from the upper boundary of Bull Bias (60%) and 18.87 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 Extreme with energy 89.7%; GER40 (European equities) in Bull Extreme with energy 85.6%. Against this backdrop, EURCAD (Bull Bias, 39.8%) 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 36.3%. 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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