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's Aroon Indicator triggered a bullish signal on May 28, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 223 similar instances where the Aroon Indicator showed a similar pattern. In of the 223 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on May 23, 2023. You may want to consider a long position or call options on USDCAD as a result. In of 120 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for USDCAD just turned positive on May 12, 2023. Looking at past instances where USDCAD's MACD turned positive, the stock continued to rise in of 92 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USDCAD advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for USDCAD moved out of overbought territory on April 27, 2023. 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where USDCAD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
USDCAD broke above its upper Bollinger Band on May 24, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows