USDCAD pair is trading in red for sixth consecutive trading session today underpinned by increased risk on trading activity in global markets and bounce in crude oil price. The pair hit fresh one month lows today as Loonie gained momentum owing to crude oil price breaching $50 per barrel. READ MORE...
USDCAD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 19, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 93 instances where the indicator turned negative. In of the 93 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The 10-day RSI Indicator for USDCAD moved out of overbought territory on April 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on USDCAD as a result. In of 128 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
USDCAD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 243 cases where USDCAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows