We expect USDCHF to trend downwards for the next 4 hours. Based on these past Canada Ivey PMI s.a news events there is a 75% chance of this. We expect this to happen because the released value is < 64. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion
06 May 14:00 |
06 Aug 14:00 |
04 Jun 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
