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We expect C to trend upwards with a 71.43% chance.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect C to trend upwards. Based on these past events there is a 71.43% chance of this. We expect C to trend upwards for 48 hours because the released value is > 63. A price movement of 1,000 pips is expected.

Historical events that allowed us to draw this conclusion

05 Apr 14:00
03 Feb 15:00
05 Oct 14:00
06 Jul 14:00
03 Jun 14:00

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

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Important price line breached by Gold AUGUST 2021. This price has been tested numerous times before.

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