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USDCAD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -21.7%.
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: -21.66%
- Distance to upper bound of Bear Bias (at -20.88%): 0.78%
- Distance to lower bound of Bear Bias (at -60%): 38.34%
"A person's history reveals more than you might think" — 2AITRADING
Observing the completed Daily candle, USDCAD within the Market Energy state leaning Bear.
On trend energy, Compared to the previous candle (-38.6%), Market Energy rose +16.9% to -21.7%.
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 -46.4 to -15.5.
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 02-08-2021 closed, USDCAD was in Bear Bias with Market Energy -21.7%, 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 24.7 percentage points from the previous candle — from -46.4% to -21.7%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -46.4%, Bear Bias — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bear Bias zone?
At -21.7%, USDCAD is 0.78 points from the upper boundary of Bear Bias (-20.88%) and 38.34 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 Bull Extreme with energy 82.6%; GER40 (European equities) in Bull Extreme with energy 86.7%. Against this backdrop, USDCAD (Bear Bias, -21.7%) 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 Bull Bias with Market Energy 42.9%. USDCAD (Bear Bias) and DXY currently sit on opposite sides.
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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