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USDCAD is currently controlled by buyers, in the Bull Bias zone. Measured energy: +57.1%.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Bull Bias USDCAD Daily
▸When USDCAD is in Bull Bias:
- then USDCAD moved to higher Market State: 114 times — 31.1%
- then USDCAD moved to lower Market State: 253 times — 68.9%
▸Current USDCAD market energy: 57.14%
- Distance to upper bound of Bull Bias (at 60%): 2.86%
- Distance to lower bound of Bull Bias (at 20.88%): 36.26%
"Does history really repeat itself?" — 2AITRADING
Reading from the Daily candle, Market USDCAD in the Bull Bias energy level.
Market energy measurement Market Energy reading dropped -15.2%, moving from 72.3% to 57.1% after the Daily candle.
Time in Bull 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 +48.5 to +72.3.
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 20-07-2021 closed, USDCAD was in Bull Bias with Market Energy 57.1%, controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 15.2 percentage points from the previous candle — from 72.3% to 57.1%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at 72.3%, Bull Critical — when this candle closed, USDCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does USDCAD energy sit within the Bull Bias zone?
At 57.1%, USDCAD is 2.86 points from the upper boundary of Bull Bias (60%) and 36.26 points from the lower boundary (20.88%) — so energy sits closer to the upper boundary at candle close.
What does Bull Bias mean?
Bull 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 Bull 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 Bull Critical with energy 65.2%; GER40 (European equities) in Bull Bias with energy 53.8%. Against this backdrop, USDCAD (Bull Bias, 57.1%) 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 -20.2%. USDCAD energy is currently above DXY by 77.3 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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