We expect USDCHF to trend downwards for the next 2 hours. Based on these past Japan Consumer Confidence news events there is a 66.67% chance of this. We expect this to happen because the released value is > 35.4. A price movement of 13 pips is expected.
Historical events that allowed us to draw this conclusion
09 May 05:00 |
08 Jan 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
