Based on the last 12 Consumer Confidence events in Japan, we expect USDCHF to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards 4 hours following the event release at 2022-09-30 05:00 if the released value is < 34. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
29 Jun 05:00 |
08 Apr 05:00 |
03 Mar 05:00 |
05 Jan 05:00 |
02 Dec 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
