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There is a 80% chance of S trending downwards

Based on past United States Durable Goods Orders MoM news events there is a 80% chance of S trending downwards. We expect this to happen because the released value is < 2.8%. A price movement of 3,000 pips is expected. Historical events that allowed us to draw this conclusion

26 Apr 12:30
24 Mar 12:30
27 Jan 13:30
25 Sep 12:30

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

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Important price line being approached by US Treasury Bond SEPTEMBER 2021. This price has been tested numerous times before.

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