Based on the last 12 Balance of Trade events in Japan, we expect AUDUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect AUDUSD to trend upwards 4 hours following the event release at 2022-11-16 23:50 if the released value is < ¥-1610B. A price movement of 20 pips is expected. Historical events that allowed us to draw this conclusion
14 Sep 23:50 |
15 Jun 23:50 |
19 Apr 23:50 |
15 Mar 23:50 |
16 Feb 23:50 |
19 Oct 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
