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| Price | ▼ 0.50% | ▲ 0.26% | ▼ 0.64% | ▼ 0.11% |
| Energy | ▼ 5.8 | ▲ 9.3 | ▼ 7.7 | ▼ 2.7 |
Trend of Bear Critical USDCAD Daily
▸When USDCAD is in Bear Critical:
- then USDCAD moved to higher Market State: 95 times — 73.1%
- then USDCAD moved to lower Market State: 35 times — 26.9%
▸Current USDCAD market energy: -72.59%
- Distance to upper bound of Bear Critical (at -60%): 12.59%
- Distance to lower bound of Bear Critical (at -74.5%): 1.91%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
USDCAD processing result: the near-extreme Bear energy level after the Daily candle closed.
Market energy movement A -2.7% change from the previous candle, Market Energy is now -72.6% (previous: -69.8%).
Time in Bear Critical 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 -81.1 to -62.1.
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 22-12-2023 closed, USDCAD was at 1.3267, down 0.11% from the previous candle (1.3282). Market Energy was -72.6%, down 2.7 points from -69.8%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.
How much did USDCAD price move on this Daily candle, and how large is that historically?
USDCAD closed at 1.3267, down 0.11% from the previous Daily candle (1.3282). This drop is larger than 32% of past drops on the Daily timeframe for USDCAD, across 1,556 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 2.7 percentage points from the previous candle — from -69.8% to -72.6%. This drop is larger than 12% of past drops on the Daily timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. Both price and energy moved down 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 -69.8%, Bear Critical — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Bear Critical zone?
At -72.6%, USDCAD is 12.59 points from the upper boundary of Bear Critical (-60%) and 1.91 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.
What does Bear Critical mean?
Bear Critical 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 Critical 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 Bias with energy 51.5%; GER40 (European equities) in Bull Bias with energy 57%. Against this backdrop, USDCAD (Bear Critical, -72.6%) 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 Bear Extreme with Market Energy -77.6%. USDCAD (Bear Critical) and DXY currently sit on the same Bear 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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