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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: 2.81%
- Distance to upper bound of Neutral (at 20.88%): 18.07%
- Distance to lower bound of Neutral (at -20.88%): 23.69%
"To truly understand anything, study its history" — 2AITRADING
From the just-closed Weekly candle data, Market EURCAD in balanced energy.
Observing the EURCAD market this session, Market Energy at 2.8%, down -13.3% from 16.1% in the previous candle.
Time in Neutral energy zone: 15 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 +2.8 to +16.1.
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 09-05-2019 closed, EURCAD was in Neutral with Market Energy 2.8%, 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 13.3 percentage points from the previous candle — from 16.1% to 2.8%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at 16.1%, Neutral — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Neutral zone?
At 2.8%, EURCAD is 18.07 points from the upper boundary of Neutral (20.88%) and 23.69 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 Neutral with energy -15.7%; GER40 (European equities) in Neutral with energy 16.3%. Against this backdrop, EURCAD (Neutral, 2.8%) sits in the same state zone as 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 28.9%. EURCAD energy is currently below DXY by 26.1 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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