USDCAD price forecast, quote, news & analysis

USDCAD sees MACD Histogram crosses below signal line

USDCAD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 06, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 102 instances where the indicator turned negative. In of the 102 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where USDCAD's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on USDCAD as a result. In of 131 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 USDCAD advanced for three days, in of 250 cases, the price rose further within 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.

The Aroon Indicator entered an Uptrend today. In of 252 cases where USDCAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .