USDCAD United States Dollar - Canadian Dollar Forecast, Technical & Fundamental Analysis

USDCAD's RSI Oscillator climbs out of oversold territory

The RSI Indicator for USDCAD moved out of oversold territory on January 12, 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 32 similar instances when the indicator left oversold territory. In of the 32 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 18, 2025. You may want to consider a long position or call options on USDCAD as a result. In of 130 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 January 13, 2025. Looking at past instances where USDCAD's MACD turned positive, the stock continued to rise in of 102 cases over the following month. 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 246 cases where USDCAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 83 cases where USDCAD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .