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| Price | ▲ 0.16% | ▼ 0.14% | ▲ 0.04% | ▼ 0.09% |
| Energy | ▲ 2.2 | ▼ 14.6 | ▼ 12.8 | ▼ 30.7 |
Trend of Bull Bias USDCAD 1H
▸When USDCAD is in Bull Bias:
- then USDCAD moved to higher Market State: 1,798 times — 32%
- then USDCAD moved to lower Market State: 3,821 times — 68%
▸Current USDCAD market energy: 37.32%
- Distance to upper bound of Bull Bias (at 60%): 22.68%
- Distance to lower bound of Bull Bias (at 20.88%): 16.44%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Right as the 1H candle closes, USDCAD within trend energy leaning Bull.
Market movement after the 1H candle closes, Energy delta -30.7%: Market Energy at 37.3%, previously 68%.
Time in Bull Bias energy zone: 1 1H 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 -73.2 to +95.5.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did USDCAD price and energy show when this 1H candle closed?
When the 1H candle at 20:00 on 05-07-2023 closed, USDCAD was at 1.3266, down 0.09% from the previous candle (1.3279). Market Energy was 37.3%, down 30.7 points from 68%, 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 1H candle, and how large is that historically?
USDCAD closed at 1.3266, down 0.09% from the previous 1H candle (1.3279). This drop is larger than 80% of past drops on the 1H timeframe for USDCAD, across 28,131 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 30.7 percentage points from the previous candle — from 68% to 37.3%. This drop is larger than 90% of past drops on the 1H timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was USDCAD in on the previous 1H candle?
The previous 1H candle had USDCAD at 68%, 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 37.3%, USDCAD is 22.68 points from the upper boundary of Bull Bias (60%) and 16.44 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 Bull Critical with energy 73.8%; GER40 (European equities) in Bear Critical with energy -73.3%. Against this backdrop, USDCAD (Bull Bias, 37.3%) has higher energy than GER40; lower than SPX500.
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 Bias with Market Energy -46.6%. USDCAD (Bull Bias) and DXY currently sit on opposite sides.
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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