Based on the last 12 Balance of Trade events in Japan, we expect USDCAD to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect USDCAD to trend upwards for the next 48 hours because the released value is < ¥301B. A price movement of 152 pips is expected. Historical events that allowed us to draw this conclusion
20 Oct 23:50 |
18 Aug 23:50 |
21 May 23:50 |
19 Feb 23:50 |
18 Dec 23:50 |
18 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
