Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we expect HG to trend downwards. Based on these past events there is a 77.78% chance of this. We expect HG to trend downwards for 4 hours because the released value is < 70. A price movement of 5 pips is expected. Historical events that allowed us to draw this conclusion
15 Oct 14:00 |
17 Sep 14:00 |
13 Aug 14:00 |
16 Jul 14:00 |
14 May 14:00 |
16 Apr 14:00 |
15 Jan 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
