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We expect NZDUSD to trend downwards for the next 2 hours.

We expect NZDUSD to trend downwards for the next 2 hours. Based on these past Japan Tankan Large Manufacturers Index news events there is a 71.43% chance of this. We expect this to happen because the released value is > 12. A price movement of 10 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 23:50
01 Oct 23:50
13 Dec 23:50
31 Mar 23:50
30 Sep 23:50

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

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There is a 71.43% chance of NKD trending downwards

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