FXC Invesco CurrencyShares® Canadian Dollar Forecast, Technical & Fundamental Analysis
FXC's Indicator enters downward trend
The Aroon Indicator for FXC entered a downward trend on December 17, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 206 similar instances where the Aroon Indicator formed such a pattern. In of the 206 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FXC as a result. In of 87 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 Moving Average Convergence Divergence Histogram (MACD) for FXC turned negative on December 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for FXC moved below the 200-day moving average on November 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FXC advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
FXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MRJCX | 9.80 | -0.03 | -0.31% |
| Morgan Stanley Multi-Asset Real Return C | |||
| BUIEX | 56.17 | -0.19 | -0.34% |
| Buffalo Blue Chip Growth Instl Cl | |||
| GAUIX | 5.93 | -0.03 | -0.50% |
| Gabelli Utilities I | |||
| CADPX | 19.85 | -0.12 | -0.60% |
| Columbia International Div Inc Inst2 | |||
| IYMIX | 30.93 | -0.25 | -0.80% |
| Delaware Ivy Mid Cap Growth I | |||
FXC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FXC has been loosely correlated with FXE. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if FXC jumps, then FXE could also see price increases.