We expect USDCAD to trend downwards for the next 2 hours. Based on these past Japan Consumer Confidence news events there is a 80% chance of this. We expect this to happen because the released value is < 38.9. A price movement of 22 pips is expected. Historical events that allowed us to draw this conclusion
02 May 05:00 |
29 Sep 05:00 |
30 Aug 05:00 |
31 May 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
