Based on the last 12 Balance of Trade events in Germany, we expect GBPUSD to trend upwards right now. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend upwards for the next 4 hours because the released value is > €17.2B. A price movement of 84 pips is expected.
Historical events that allowed us to draw this conclusion
10 Oct 06:00 |
09 Sep 06:00 |
08 Jul 06:00 |
07 Jun 06:00 |
10 May 06:00 |
08 Apr 06:00 |
11 Mar 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
