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Are you on the right side of the US ISM Manufacturing PMI news event?

Are you on the right side of the US ISM Manufacturing PMI news event?

Based on the last 12 ISM Manufacturing PMI events in US, we expect USDCAD to trend down later today. Based on these past events there is a 83.3% of this.
We expect USDCAD to trend down 4 hours following the event release at 01 Nov 14:00 if the released value is < 59. A price movement of 17 pips is expected. Historical events that allowed us to draw this conclusion

01 Oct 14:00
 
01 Aug 14:00
 
01 May 14:00
 
01 Dec 15:00
 
01 Nov 14:00
 

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

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