Based on the last 12 ZEW Economic Sentiment Index events in Germany, we could see a 76 pip movement on NZDUSD for the next 12 hours. NZDUSD could trend upwards for 12 hours because the released value is > -15
Historical events that allowed us to draw this conclusion
13 Jun 09:00 |
17 Jan 10:00 |
13 Dec 10:00 |
15 Nov 10:00 |
18 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
