NZDCAD New Zealand Dollar - Canadian Dollar Forecast, Technical & Fundamental Analysis

NZDCAD in upward trend: price may ascend as a result of having broken its lower Bollinger Band on November 17, 2024

NZDCAD 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 51 cases where NZDCAD'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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where NZDCAD's RSI Indicator exited the oversold zone, of 39 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 74 cases where NZDCAD'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 December 17, 2024. You may want to consider a long position or call options on NZDCAD as a result. In of 121 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 NZDCAD just turned positive on December 16, 2024. Looking at past instances where NZDCAD's MACD turned positive, the stock continued to rise in of 106 cases over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 307 cases where NZDCAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NZDCAD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .