AUDCAD Australian Dollar - Canadian Dollar Forecast, Technical & Fundamental Analysis

AUDCAD in upward trend: price may jump up because it broke its lower Bollinger Band on December 30, 2024

AUDCAD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 49 cases where AUDCAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AUDCAD's RSI Oscillator exited the oversold zone, of 50 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 89 cases where AUDCAD's Stochastic Oscillator exited the oversold zone 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 January 04, 2025. You may want to consider a long position or call options on AUDCAD as a result. In of 129 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 AUDCAD just turned positive on January 02, 2025. Looking at past instances where AUDCAD's MACD turned positive, the stock continued to rise in of 105 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Aroon Indicator for AUDCAD entered a downward trend on December 27, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.