We expect USDCHF to trend downwards for the next 12 hours. Based on these past Germany Ifo Business Climate news events there is a 80% chance of this. We expect this to happen because the released value is > 94.7. A price movement of 49 pips is expected.
Historical events that allowed us to draw this conclusion
24 Jun 08:00 |
26 Mar 09:00 |
22 Feb 09:00 |
18 Dec 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
