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We expect USDCAD to trend upwards right now.

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”).

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EUR/JPY Target Level: 120.6850

EUR/JPY Target Level: 120.6850

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We expect DX to trend upwards with a 71.43% chance.

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