USDCAD price forecast, quote, news & analysis

USDCAD's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for USDCAD moved out of overbought territory on March 04, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 instances where the indicator moved out of the overbought zone. In of the 37 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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

The Aroon Indicator for USDCAD entered a downward trend on March 20, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 31, 2025. You may want to consider a long position or call options on USDCAD as a result. In of 137 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 USDCAD just turned positive on March 29, 2025. Looking at past instances where USDCAD'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 .

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