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| Price | ▲ 0.93% | ▼ 0.09% | ▼ 0.01% | ▲ 0.35% |
| Energy | ▲ 28.7 | ▲ 9.5 | ▼ 7.3 | ▲ 14.6 |
Trend of 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: 39.03%
- Distance to upper bound of Bull Bias (at 60%): 20.97%
- Distance to lower bound of Bull Bias (at 20.88%): 18.15%
"Why does archaeology matter?" — 2AITRADING
As the Daily candle closes, USDCAD reflects Bull Bias of Market Energy.
Per the 2AiTrading energy measurement system, Market Energy at 39%, up +7.2% from 31.8% in the previous candle.
Time in Bull 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 -6.4 to +39.
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 10-10-2022 closed, USDCAD was at 1.378, up 0.35% from the previous candle (1.3732). Market Energy was 39%, up 14.6 points from 24.4%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did USDCAD price move on this Daily candle, and how large is that historically?
USDCAD closed at 1.378, up 0.35% from the previous Daily candle (1.3732). This rise is larger than 67% of past rises on the Daily timeframe for USDCAD, across 1,180 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy rose 14.6 percentage points from the previous candle — from 24.4% to 39%. This rise is larger than 63% of past rises on the Daily timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. Both price and energy moved up on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was USDCAD in on the previous Daily candle?
The previous Daily candle had USDCAD at 24.4%, Bull Bias — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bull Bias zone?
At 39%, USDCAD is 20.97 points from the upper boundary of Bull Bias (60%) and 18.15 points from the lower boundary (20.88%) — so energy sits closer to the lower 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 Bear Critical with energy -67.2%; GER40 (European equities) in Bear Critical with energy -70.9%. Against this backdrop, USDCAD (Bull Bias, 39%) has higher energy 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 43.7%. USDCAD (Bull Bias) and DXY currently sit on the same Bull 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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