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We expect OJ to trend downwards today with a 75% chance.

Based on the last 12 Balance of Trade events in Canada, we expect OJ to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is < C$-5.55B Historical events that allowed us to draw this conclusion

04 Sep 12:30
03 Apr 12:30
05 Feb 13:30
05 Dec 13:30
05 Nov 13:30
08 Oct 12:30

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

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If you’re short ADAUSD you should be aware of the rapidly approaching level of 0.8828

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We expect EURUSD to trend downwards today with a 75% chance.

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