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| Price | ▲ 0.04% | ▲ 0.11% | ▲ 0.03% | ▼ 0.13% |
| Energy | ▲ 17.8 | ▲ 56.5 | ▲ 12.0 | ▼ 51.4 |
Trend of Neutral USDCAD 1H
▸When USDCAD is in Neutral:
- then USDCAD moved to higher Market State: 3,617 times — 49.8%
- then USDCAD moved to lower Market State: 3,649 times — 50.2%
▸Current USDCAD market energy: 8.05%
- Distance to upper bound of Neutral (at 20.88%): 12.83%
- Distance to lower bound of Neutral (at -20.88%): 28.93%
"Why does archaeology matter?" — 2AITRADING
The system just recorded USDCAD in the Neutral energy zone after the 1H candle closed.
The energy side shows Market Energy at 8.1%, down -51.4% from 59.4% in the previous candle.
Time in Neutral 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 -89.2 to +99.4.
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 22:00 on 16-02-2024 closed, USDCAD was at 1.3482, down 0.13% from the previous candle (1.35). Market Energy was 8.1%, down 51.4 points from 59.4%, 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 1H candle, and how large is that historically?
USDCAD closed at 1.3482, down 0.13% from the previous 1H candle (1.35). This drop is larger than 89% of past drops on the 1H timeframe for USDCAD, across 31,972 candles since 2019.
How did USDCAD Market Energy change from the previous candle?
Market Energy fell 51.4 percentage points from the previous candle — from 59.4% to 8.1%. This drop is larger than 97% of past drops on the 1H timeframe for USDCAD.
Do USDCAD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. 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 59.4%, Bull Bias — when this candle closed, USDCAD moved down to a lower zone: Bull Bias → Neutral.
Where does USDCAD energy sit within the Neutral zone?
At 8.1%, USDCAD is 12.83 points from the upper boundary of Neutral (20.88%) and 28.93 points from the lower boundary (-20.88%) — so energy sits closer to the upper 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 Bear Critical with energy -70.5%; GER40 (European equities) in Bear Critical with energy -71%. Against this backdrop, USDCAD (Neutral, 8.1%) 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 Neutral with Market Energy 13.3%. USDCAD energy is currently below DXY by 5.2 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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