Based on the last 12 Balance of Trade events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is < $-87.1B. A price movement of 67 pips is expected. Historical events that allowed us to draw this conclusion
06 Jan 13:30 |
04 Nov 12:30 |
05 Oct 12:30 |
05 Aug 12:30 |
07 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
