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Trend of Bear Bias EURCAD Weekly
▸When EURCAD is in Bear Bias:
- then EURCAD moved to higher Market State: 40 times — 81.6%
- then EURCAD moved to lower Market State: 9 times — 18.4%
▸Current EURCAD market energy: -28.77%
- Distance to upper bound of Bear Bias (at -20.88%): 7.89%
- Distance to lower bound of Bear Bias (at -60%): 31.23%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Weekly candle, EURCAD classified as the Bear Bias energy level.
Looking at the energy level, Market Energy moved from -45.9% to -28.8%, up +17.2% from the previous candle.
Time in Bear Bias energy zone: 6 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.
Not enough data in the past 5 days to show a range.
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 23-05-2022 closed, EURCAD was in Bear Bias with Market Energy -28.8%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did EURCAD Market Energy change from the previous candle?
Market Energy rose 17.2 percentage points from the previous candle — from -45.9% to -28.8%.
What state was EURCAD in on the previous Weekly candle?
The previous Weekly candle had EURCAD at -45.9%, Bear Bias — this candle kept the same state, no zone change.
Where does EURCAD energy sit within the Bear Bias zone?
At -28.8%, EURCAD is 7.89 points from the upper boundary of Bear Bias (-20.88%) and 31.23 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 93.3%; GER40 (European equities) in Bull Extreme with energy 93.6%. Against this backdrop, EURCAD (Bear Bias, -28.8%) 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 Bear Bias with Market Energy -52.9%. EURCAD (Bear Bias) and DXY currently sit on the same Bear 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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