We expect a $215 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards 4 hours following the Tankan Large Manufacturers Index events in Japan release because the released value is > 3. A price movement of 29 pips is expected.
Historical events that allowed us to draw this conclusion
13 Dec 23:50 |
30 Sep 23:50 |
31 Mar 23:50 |
13 Dec 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
