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| Price | ▲ 0.60% | ▼ 0.02% | ▼ 0.10% | ▼ 0.06% |
| Energy | ▲ 46.8 | ▲ 28.8 | ▼ 17.3 | ▼ 7.3 |
Trend of Bear Bias USDCAD Daily
▸When USDCAD is in Bear Bias:
- then USDCAD moved to higher Market State: 212 times — 67.9%
- then USDCAD moved to lower Market State: 100 times — 32.1%
▸Current USDCAD market energy: -21.65%
- Distance to upper bound of Bear Bias (at -20.88%): 0.77%
- Distance to lower bound of Bear Bias (at -60%): 38.35%
"Let data guide you, but never trust it completely" — 2AITRADING
Right as the Daily candle closes, USDCAD currently in the Bear Bias energy state.
Market energy movement A -7.3% change from the previous candle, Market Energy is now -21.6% (previous: -14.4%).
Time in Bear 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 -72.7 to +2.9.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did USDCAD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 10-12-2019 closed, USDCAD was at 1.323, down 0.06% from the previous candle (1.3238). Market Energy was -21.6%, down 7.3 points from -14.4%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did USDCAD price move on this Daily candle, and how large is that historically?
USDCAD closed at 1.323, down 0.06% from the previous Daily candle (1.3238). This drop is larger than 26% of past drops on the Daily timeframe for USDCAD, across 295 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 7.3 percentage points from the previous candle — from -14.4% to -21.6%. This drop is larger than 32% of past drops on the Daily timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -14.4%, Neutral — when this candle closed, USDCAD moved down to a lower zone: Neutral → Bear Bias.
Where does USDCAD energy sit within the Bear Bias zone?
At -21.6%, USDCAD is 0.77 points from the upper boundary of Bear Bias (-20.88%) and 38.35 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 Bear Critical with energy -71.6%; GER40 (European equities) in Bear Extreme with energy -90.9%. Against this backdrop, USDCAD (Bear Bias, -21.6%) 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 Neutral with Market Energy 14.6%. USDCAD energy is currently below DXY by 36.2 points.
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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