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USDCAD is currently leaning slightly toward sellers, energy -15.3%. This still sits in the Neutral zone — the probability of a clear trend is not yet defined.
See the full 2AiTrading Model data for USDCAD on the USDCAD overview →
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UP–DOWN statistics for Neutral USDCAD Daily
▸When USDCAD is in Neutral:
- then USDCAD moved to higher Market State: 254 times — 55.6%
- then USDCAD moved to lower Market State: 203 times — 44.4%
▸Current USDCAD market energy: -15.3%
- Distance to upper bound of Neutral (at 20.88%): 36.18%
- Distance to lower bound of Neutral (at -20.88%): 5.58%
"Does history really repeat itself?" — 2AITRADING
After the Daily data updates, USDCAD recorded in the neutral energy state.
The USDCAD market at session end, Compared to the previous candle (-5.4%), Market Energy dropped -9.9% to -15.3%.
Time in Neutral energy zone: 2 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 -15.3 to +60.2.
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 08-12-2021 closed, USDCAD was in Neutral with Market Energy -15.3%, the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 9.9 percentage points from the previous candle — from -5.4% to -15.3%.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at -5.4%, Neutral — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Neutral zone?
At -15.3%, USDCAD is 36.18 points from the upper boundary of Neutral (20.88%) and 5.58 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 Bull Extreme with energy 79.8%; GER40 (European equities) in Bull Extreme with energy 84%. Against this backdrop, USDCAD (Neutral, -15.3%) 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 Neutral with Market Energy 4%. USDCAD energy is currently below DXY by 19.3 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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