We expect DX to trend downwards right now.

Based on the last 12 Retail Sales MoM events in United States, we expect DX to trend downwards right now. Based on these past events there is a 75% chance of this. We expect DX to trend downwards for the next 48 hours because the released value is < -0.3%. A price movement of 78 pips is expected. Historical events that allowed us to draw this conclusion

14 May 12:30

15 Jan 13:30

16 Dec 13:30

16 Sep 12:30

14 Aug 12:30

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