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There is a 83.33% chance of USDCAD trending downwards

We expect a $230 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the Inflation Rate YoY Flash events in Euro Area release because the released value is > 1.9%. A price movement of 32 pips is expected.

Historical events that allowed us to draw this conclusion

02 May 09:00
03 Mar 10:00
03 Feb 10:00
31 Oct 10:00
31 Jul 09:00

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

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We expect EMD to trend upwards for the next 2 hours.

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We expect OJ to trend downwards today with a 80% chance.

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