We expect USDCHF to trend downwards for the next 2 hours. Based on these past Canada Ivey PMI s.a news events there is a 71.43% chance of this. We expect this to happen because the released value is > 53. A price movement of 39 pips is expected.
Historical events that allowed us to draw this conclusion
05 Apr 14:00 |
06 Feb 15:00 |
05 Jan 15:00 |
05 Oct 14:00 |
07 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
