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USDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -55.9%.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Bear Bias USDCAD Daily
▸When USDCAD is in Bear Bias:
- then USDCAD moved to higher Market State: 210 times — 68.2%
- then USDCAD moved to lower Market State: 98 times — 31.8%
▸Current USDCAD market energy: -55.93%
- Distance to upper bound of Bear Bias (at -20.88%): 35.05%
- Distance to lower bound of Bear Bias (at -60%): 4.07%
"To truly understand anything, study its history" — 2AITRADING
With the Daily candle just closed, USDCAD recorded in the energy state tilted toward Bear.
Per the 2AiTrading energy measurement system, Market Energy moved from -67.2% to -55.9%, up +11.3% from the previous candle.
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 -77.5 to -40.7.
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 13-10-2020 closed, USDCAD was in Bear Bias with Market Energy -55.9%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did USDCAD Market Energy change from the previous candle?
Market Energy rose 11.3 percentage points from the previous candle — from -67.2% to -55.9%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -67.2%, Bear Critical — when this candle closed, USDCAD moved up to a higher zone: Bear Critical → Bear Bias.
Where does USDCAD energy sit within the Bear Bias zone?
At -55.9%, USDCAD is 35.05 points from the upper boundary of Bear Bias (-20.88%) and 4.07 points from the lower boundary (-60%) — so energy sits closer to the lower 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 Neutral with energy -7.5%; GER40 (European equities) in Neutral with energy -4.7%. Against this backdrop, USDCAD (Bear Bias, -55.9%) 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 Neutral with Market Energy -17%. USDCAD energy is currently below DXY by 38.9 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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