Analysis

USDCAD 1.3974 ↓0.29%: Bears in the peak-force zone · 4H 20:00 Oct 23, 2026

·
Candle close
Price and energy
Open 1.4016 · High 1.4017 · Low 1.3968 · Close 1.3974 · Range (high − low) 0.00486
USDCAD closed at 1.3974, down 0.0041 (-0.29%) from 1.4015.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -59.3% to Bear Extreme at -87.9%, down 28.7 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price1.40031.40131.40151.3974
Energy-87.9%-77.4%-59.3%-87.9%
Price change↓ 0.05%↑ 0.07%↑ 0.01%↓ 0.29%
Energy change↑ 2.9↑ 10.5↑ 18.1↓ 28.7
Volatility trend chart · last 4 sessions
↓ 0.05%↑ 0.07%↑ 0.01%↓ 0.29%↑ 2.9↑ 10.5↑ 18.1↓ 28.7
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.29% — higher than 93% of past drops
0%255075100%
Energy down 28.7 pts — higher than 88% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Extreme USDCAD 4H

Sample: 18,373 4H candles from 2014-12-31 to 2026-10-23
Number of Bear Extreme occurrences: 264 times

▸When USDCAD is in Bear Extreme:

  • then USDCAD moved to higher Market State: 264 times — 100%
  • then USDCAD moved to lower Market State: 0 times — 0%

▸Current USDCAD market energy: -87.93%

  • Distance to upper bound of Bear Extreme (at -74.5%): 13.43%
  • Distance to bottom -100%: 12.07%

"Why does archaeology matter?" — 2AITRADING

USDCAD · H4 · 2026-10-23 09:00 UTC
Preview the last 30 candles — price and energy
View live USDCAD chart →
Market Energy
-59.3%
Bear Bias
-87.9%
Bear Extreme
Expected at
00:10
Zone
-100 – -74.5
Bias
Sellers in control
Explanation

Reading from the 4H candle, USDCAD shows the Bear Extreme zone.

Market energy movement The energy level dropped -28.7%: from -59.3% now at -87.9%.

Time in Bear Extreme energy zone: 1 4H Candle

2AiTrading Market Energy Model

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.

Market context
Historical perspective

Over the past 5 days, USDCAD Market Energy ranged from -97.6 to -34.7.

Frequently asked questions

What did USDCAD price and energy show when this 4H candle closed?

When the 4H candle closed at 20:00 on 23-10-2026, USDCAD was at 1.3974, down 0.29% from the previous candle (1.4015). Market Energy was -87.9%, down 28.7 points from -59.3%, in the Bear Extreme state — controlled by sellers. The Bear Extreme zone spans -100% to -74.5%.

How much did USDCAD price move on this 4H candle, and how large is that historically?

USDCAD closed at 1.3974, down 0.29% from the previous 4H candle (1.4015). This drop is larger than 93% of past drops on the 4H timeframe for USDCAD, across 12,166 candles since 2019.

How did USDCAD Market Energy change from the previous candle?

Market Energy fell 28.7 percentage points from the previous candle — from -59.3% to -87.9%. This drop is larger than 88% of past drops on the 4H 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 4H candle?

The previous 4H candle had USDCAD at -59.3%, Bear Bias — when this candle closed, USDCAD moved down to a lower zone: Bear Bias → Bear Extreme.

Where does USDCAD energy sit within the Bear Extreme zone?

At -87.9%, USDCAD is 13.43 points from the upper boundary of Bear Extreme (-74.5%) and 12.07 points from the lower boundary (-100%) — so energy sits closer to the lower boundary at candle close.

What does Bear Extreme mean?

Bear Extreme 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 Extreme 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 Bias with energy -57.1%; GER40 (European equities) in Bear Extreme with energy -98.9%. Against this backdrop, USDCAD (Bear Extreme, -87.9%) lower 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 57.3%. USDCAD (Bear Extreme) and DXY currently sit on opposite sides.

Real-time Energy Chart

See the real-time energy chart for USDCAD.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for USDCAD on the USDCAD overview →

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