CADUSD Canadian Dollar - United States Dollar Forecast, Technical & Fundamental Analysis

CADUSD's RSI Indicator soaring into overbought territory

The RSI Oscillator for CADUSD moved into overbought territory on April 17, 2025. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

CADUSD broke above its upper Bollinger Band on April 11, 2025. 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.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for CADUSD just turned positive on April 09, 2025. Looking at past instances where CADUSD's MACD turned positive, the stock continued to rise in of 101 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 CADUSD advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 260 cases where CADUSD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .