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USDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +22.5%.
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: 22.48%
- Distance to upper bound of Bull Bias (at 60%): 37.52%
- Distance to lower bound of Bull Bias (at 20.88%): 1.6%
"Let data guide you, but never trust it completely" — 2AITRADING
After the Daily candle closes, USDCAD currently in the Bull Bias state.
On the energy side, Market Energy dropped -11.2% this candle, currently 22.5% (previous candle 33.7%).
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 +10.8 to +33.7.
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 21-11-2017 closed, USDCAD was in Bull Bias with Market Energy 22.5%, 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 11.2 percentage points from the previous candle — from 33.7% to 22.5%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at 33.7%, Bull Bias — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bull Bias zone?
At 22.5%, USDCAD is 37.52 points from the upper boundary of Bull Bias (60%) and 1.6 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 29.3%; GER40 (European equities) in Bull Critical with energy 69.7%. Against this backdrop, USDCAD (Bull Bias, 22.5%) lower than GER40; sits in the same state zone as SPX500.
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 -25.3%. USDCAD (Bull Bias) and DXY currently sit on opposite sides.
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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