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USDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -34.7%.
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: -34.67%
- Distance to upper bound of Bear Bias (at -20.88%): 13.79%
- Distance to lower bound of Bear Bias (at -60%): 25.33%
"To truly understand anything, study its history" — 2AITRADING
From the just-closed Daily candle data, Market USDCAD in the Market Energy state leaning Bear.
On trend energy, Market Energy reading rose +7.2%, moving from -41.8% to -34.7% after the Daily candle.
Time in Bear 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 -60.3 to -6.8.
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 07-01-2021 closed, USDCAD was in Bear Bias with Market Energy -34.7%, 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 7.2 percentage points from the previous candle — from -41.8% to -34.7%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -41.8%, Bear Bias — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bear Bias zone?
At -34.7%, USDCAD is 13.79 points from the upper boundary of Bear Bias (-20.88%) and 25.33 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 Bias with energy -21.4%; GER40 (European equities) in Neutral with energy -5.9%. Against this backdrop, USDCAD (Bear Bias, -34.7%) 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 Neutral with Market Energy -3.7%. USDCAD energy is currently below DXY by 31 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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