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Are you on the right side of the CA Balance of Trade news event?

Are you on the right side of the CA Balance of Trade news event?

Based on the last 12 Balance of Trade events in CA, we expect EURUSD to trend down. Based on these past events there is a 83.3% of this.
We expect EURUSD to trend down for 2 hours because the released value is < C$0.15B. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion

03 May 12:30
 
05 Apr 12:30
 
06 Feb 13:30
 
05 Jan 13:30
 
03 Nov 12:30
 

* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)

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