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USDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +38.3%.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Bull Bias USDCAD Daily
▸When USDCAD is in Bull Bias:
- then USDCAD moved to higher Market State: 114 times — 31.1%
- then USDCAD moved to lower Market State: 253 times — 68.9%
▸Current USDCAD market energy: 38.27%
- Distance to upper bound of Bull Bias (at 60%): 21.73%
- Distance to lower bound of Bull Bias (at 20.88%): 17.39%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Daily candle, Result for USDCAD: the energy state tilted toward Bull.
Looking at the Market Energy reading, Market Energy dropped -9.8% from the previous session, from 48.1% to 38.3%.
Time in Bull Bias energy zone: 3 Daily 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, USDCAD Market Energy ranged from +20.2 to +50.6.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was USDCAD on Daily when this candle closed?
When the Daily candle at 07:00 on 21-05-2015 closed, USDCAD was in Bull Bias with Market Energy 38.3%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 9.8 percentage points from the previous candle — from 48.1% to 38.3%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at 48.1%, Bull Bias — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bull Bias zone?
At 38.3%, USDCAD is 21.73 points from the upper boundary of Bull Bias (60%) and 17.39 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 Bear Bias with energy -28.3%; GER40 (European equities) in Neutral with energy 10.2%. Against this backdrop, USDCAD (Bull Bias, 38.3%) 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 Extreme with Market Energy 80.3%. USDCAD (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for USDCAD.
Open Energy ChartSee the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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