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USDCAD is currently controlled by sellers, in the Bear Critical zone. Measured energy: -64.6%.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Bear Critical USDCAD Daily
▸When USDCAD is in Bear Critical:
- then USDCAD moved to higher Market State: 92 times — 72.4%
- then USDCAD moved to lower Market State: 35 times — 27.6%
▸Current USDCAD market energy: -64.61%
- Distance to upper bound of Bear Critical (at -60%): 4.61%
- Distance to lower bound of Bear Critical (at -74.5%): 9.89%
"Does history really repeat itself?" — 2AITRADING
As the Daily session concludes, Market Energy of USDCAD indicates Bear Critical.
Market trend energy Market Energy at -64.6%, down -3.3% from -61.3% in the previous candle.
Time in Bear Critical 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 -79.3 to -61.3.
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 05-05-2021 closed, USDCAD was in Bear Critical with Market Energy -64.6%, controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 3.3 percentage points from the previous candle — from -61.3% to -64.6%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -61.3%, Bear Critical — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bear Critical zone?
At -64.6%, USDCAD is 4.61 points from the upper boundary of Bear Critical (-60%) and 9.89 points from the lower boundary (-74.5%) — so energy sits closer to the upper boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 41.5%; GER40 (European equities) in Bear Critical with energy -63.4%. Against this backdrop, USDCAD (Bear Critical, -64.6%) lower than SPX500; sits in the same state zone as 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 -7.7%. USDCAD energy is currently below DXY by 56.9 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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