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USDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +27.7%.
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: 27.71%
- Distance to upper bound of Bull Bias (at 60%): 32.29%
- Distance to lower bound of Bull Bias (at 20.88%): 6.83%
"Does history really repeat itself?" — 2AITRADING
As the Daily candle completes, USDCAD currently in the energy state tilted toward Bull.
The energy side shows Market Energy rose +8.7% from the previous candle, from 19% to 27.7%.
Time in Bull Bias energy zone: 1 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 -3.2 to +27.7.
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 21-07-2016 closed, USDCAD was in Bull Bias with Market Energy 27.7%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did USDCAD Market Energy change from the previous candle?
Market Energy rose 8.7 percentage points from the previous candle — from 19% to 27.7%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at 19%, Neutral — when this candle closed, USDCAD moved up to a higher zone: Neutral → Bull Bias.
Where does USDCAD energy sit within the Bull Bias zone?
At 27.7%, USDCAD is 32.29 points from the upper boundary of Bull Bias (60%) and 6.83 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 Bias with energy 41.8%; GER40 (European equities) in Bull Bias with energy 36.7%. Against this backdrop, USDCAD (Bull Bias, 27.7%) 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 Extreme with Market Energy 86.8%. 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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