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FX EMPIRE: USD/CAD Daily Price Forecast – Loonie Continues To Gain Momentum Over Spike In Crude Oil Price

USDCAD's Stochastic Oscillator sits in overbought zone for 3 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for USDCAD entered a downward trend on July 09, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where USDCAD's RSI Indicator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on July 08, 2025. You may want to consider a long position or call options on USDCAD as a result. In of 134 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 July 07, 2025. Looking at past instances where USDCAD's MACD turned positive, the stock continued to rise in of 104 cases over the following month. The odds of a continued upward trend are .

USDCAD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.