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We expect C to trend downwards today.

Based on the last 12 BoC Interest Rate Decision events in Canada, we expect C to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect C to trend downwards 4 hours following the event release at 13 Apr 14:00 if the released value is = 1%. A price movement of 123,575 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 15:00
08 Sep 14:00
10 Mar 15:00
28 Oct 14:00

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

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NAS100 has broken through a support line. It has touched this line numerous times in the last 2 days.

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3m Co. is approaching the support line of a Support. It has touched this line numerous times in the last 50 days.

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