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| Price | ▼ 0.20% | ▲ 0.45% | ▼ 0.02% | ▼ 0.34% |
| Energy | ▲ 1.3 | ▲ 18.3 | ▲ 4.1 | ▼ 25.0 |
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: -6.47%
- Distance to upper bound of Neutral (at 20.88%): 27.35%
- Distance to lower bound of Neutral (at -20.88%): 14.41%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
After the Daily data updates, USDCAD currently in the Neutral level.
The market energy reading Market Energy at -6.5%, down -25% from 18.6% in the previous candle.
Time in Neutral energy zone: 6 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 -6.5 to +18.6.
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 09-05-2024 closed, USDCAD was at 1.3677, down 0.34% from the previous candle (1.3723). Market Energy was -6.5%, down 25.0 points from 18.6%, 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 1.3677, down 0.34% from the previous Daily candle (1.3723). This drop is larger than 69% of past drops on the Daily timeframe for USDCAD, across 1,673 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 25 percentage points from the previous candle — from 18.6% to -6.5%. This drop is larger than 86% 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 18.6%, Neutral — this candle kept the same state, no zone change.
Where does USDCAD energy sit within the Neutral zone?
At -6.5%, USDCAD is 27.35 points from the upper boundary of Neutral (20.88%) and 14.41 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 Bias with energy 30%; GER40 (European equities) in Bull Bias with energy 32.4%. Against this backdrop, USDCAD (Neutral, -6.5%) 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 -5.7%. USDCAD energy is currently below DXY by 0.8 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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