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

NZDCAD's RSI Indicator climbs out of oversold territory

The RSI Indicator for NZDCAD moved out of oversold territory on January 13, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 40 similar instances when the indicator left oversold territory. In of the 40 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 15, 2025. You may want to consider a long position or call options on NZDCAD as a result. In of 123 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 January 14, 2025. Looking at past instances where NZDCAD's MACD turned positive, the stock continued to rise in of 103 cases over the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Aroon Indicator for NZDCAD entered a downward trend on January 16, 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.