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We expect USDCAD to trend upwards for the next 2 hours.

We expect a $219 movement on USDCAD within the next 2 hours. We expect USDCAD to trend upwards 2 hours following the Balance of Trade events in Germany release because the released value is > €17.9B. A price movement of 30 pips is expected.

Historical events that allowed us to draw this conclusion

04 Dec 07:00
03 Nov 07:00
05 Oct 06:00
03 Aug 06:00
04 May 06:00
05 Jan 07:00

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

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