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We expect BO to trend downwards right now.

We expect a $126 movement on BO within the next 12 hours. We expect BO to trend downwards 12 hours following the Philadelphia Fed Manufacturing Index events in United States release because the released value is > -5. A price movement of 191 pips is expected.

Historical events that allowed us to draw this conclusion

16 Sep 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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EUR/USD has broken through support of a Rising Wedge. It has touched this line at least twice in the last 2 days.

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We expect USDCAD to trend upwards right now.

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