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| Price | ▲ 0.15% | ▲ 0.50% | ▲ 0.08% | ▼ 0.13% |
| Energy | ▲ 7.2 | ▲ 19.2 | ▲ 3.3 | ▼ 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: 51.52%
- Distance to upper bound of Bull Bias (at 60%): 8.48%
- Distance to lower bound of Bull Bias (at 20.88%): 30.64%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
With the Daily candle just closed, USDCAD recorded in the Bull Bias energy level.
Market energy measurement Market Energy dropped -14.6% this candle, currently 51.5% (previous candle 66.1%).
Time in Bull Bias 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 +36.5 to +66.1.
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 18-01-2024 closed, USDCAD was at 1.3487, down 0.13% from the previous candle (1.3505). Market Energy was 51.5%, down 14.6 points from 66.1%, 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 1.3487, down 0.13% from the previous Daily candle (1.3505). This drop is larger than 38% of past drops on the Daily timeframe for USDCAD, across 1,577 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 14.6 percentage points from the previous candle — from 66.1% to 51.5%. This drop is larger than 64% of past drops on the Daily timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. 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 66.1%, Bull Critical — when this candle closed, USDCAD moved down to a lower zone: Bull Critical → Bull Bias.
Where does USDCAD energy sit within the Bull Bias zone?
At 51.5%, USDCAD is 8.48 points from the upper boundary of Bull Bias (60%) and 30.64 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Neutral with energy 10%; GER40 (European equities) in Bull Bias with energy 42.9%. Against this backdrop, USDCAD (Bull Bias, 51.5%) has higher energy than SPX500; sits in the same state zone as 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 21.8%. 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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