Based on the last 12 Existing Home Sales events in United States, we expect YM to trend downwards. Based on these past events there is a 71.43% chance of this. We expect YM to trend downwards for 12 hours because the released value is > 6.55M. A price movement of 174,400 pips is expected.
Historical events that allowed us to draw this conclusion
19 Nov 15:00 |
21 May 14:00 |
20 Mar 14:00 |
21 Feb 15:00 |
22 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
