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USDCAD is currently controlled by sellers, in the Bear Extreme zone. Measured energy: -91.6%.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Bear Extreme USDCAD Daily
▸When USDCAD is in Bear Extreme:
- then USDCAD moved to higher Market State: 46 times — 100%
- then USDCAD moved to lower Market State: 0 times — 0%
▸Current USDCAD market energy: -91.65%
- Distance to upper bound of Bear Extreme (at -74.5%): 17.15%
- Distance to bottom -100%: 8.35%
"Does history really repeat itself?" — 2AITRADING
Once measurement on the Daily timeframe completes, USDCAD in the extreme Bear energy level.
Observing the USDCAD market this session, Market Energy dropped -3.5% this candle, currently -91.6% (previous candle -88.1%).
Time in Bear Extreme 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 -91.6 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 09-05-2021 closed, USDCAD was in Bear Extreme with Market Energy -91.6%, controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 3.5 percentage points from the previous candle — from -88.1% to -91.6%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -88.1%, Bear Extreme — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bear Extreme zone?
At -91.6%, USDCAD is 17.15 points from the upper boundary of Bear Extreme (-74.5%) and 8.35 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.
What does Bear Extreme mean?
Bear Extreme 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 Extreme 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 Critical with energy 63%; GER40 (European equities) in Bull Critical with energy 66%. Against this backdrop, USDCAD (Bear Extreme, -91.6%) 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 Bear Extreme with Market Energy -85.1%. USDCAD (Bear Extreme) and DXY currently sit on the same Bear side.
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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