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There is a 83.33% chance of 6A trending downwards

Based on past Canada GDP Growth Rate QoQ news events there is a 83.33% chance of 6A trending downwards. We expect this to happen because the released value is > 1.5%. A price movement of 0 pips is expected.

Historical events that allowed us to draw this conclusion

28 Aug 12:30
29 May 12:30
29 Nov 13:30
30 Nov 13:30
30 Aug 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 JPN225. This price has been tested numerous times before.

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