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| Price | ▲ 0.13% | ▲ 0.04% | ▼ 0.46% | ▼ 0.12% |
| Energy | ▲ 9.4 | ▲ 7.0 | ▼ 21.1 | ▼ 19.2 |
Trend of Neutral USDCAD Daily
▸When USDCAD is in Neutral:
- then USDCAD moved to higher Market State: 255 times — 55.6%
- then USDCAD moved to lower Market State: 204 times — 44.4%
▸Current USDCAD market energy: -19.77%
- Distance to upper bound of Neutral (at 20.88%): 40.65%
- Distance to lower bound of Neutral (at -20.88%): 1.11%
"A person's history reveals more than you might think" — 2AITRADING
As the Daily candle closes, USDCAD noted at the balanced energy zone.
On trend energy, Market Energy reading dropped -19.2%, moving from -0.6% to -19.8% after the Daily candle.
Time in Neutral energy zone: 7 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 -19.8 to +20.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did USDCAD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 11-08-2021 closed, USDCAD was at 1.2505, down 0.12% from the previous candle (1.252). Market Energy was -19.8%, down 19.2 points from -0.6%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did USDCAD price move on this Daily candle, and how large is that historically?
USDCAD closed at 1.2505, down 0.12% from the previous Daily candle (1.252). This drop is larger than 33% of past drops on the Daily timeframe for USDCAD, across 816 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 19.2 percentage points from the previous candle — from -0.6% to -19.8%. This drop is larger than 74% of past drops on the Daily timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -0.6%, Neutral — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Neutral zone?
At -19.8%, USDCAD is 40.65 points from the upper boundary of Neutral (20.88%) and 1.11 points from the lower boundary (-20.88%) — so energy sits closer to the lower boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral 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 Neutral with energy 7.6%; GER40 (European equities) in Bull Bias with energy 38.3%. Against this backdrop, USDCAD (Neutral, -19.8%) 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 Bull Bias with Market Energy 23.7%. USDCAD energy is currently below DXY by 43.4 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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