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There is a 66.67% chance of GC trending downwards

Based on past Switzerland KOF Leading Indicators news events there is a 66.67% chance of GC trending downwards. We expect this to happen if the released value is < 97.5. A price movement of 1,285 pips is expected. Historical events that allowed us to draw this conclusion

29 Nov 08:00
30 Sep 07:00
29 May 07:00

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

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FRA40 – breach of a trending resistance line that has been tested at least twice before.

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After experiencing a 9.89% bearish move in the space of 12 days, nobody knows where GER30 is headed.

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