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We expect USDCHF to trend downwards for the next 2 hours.

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”).

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We expect a $0 movement on BR within the next 2 hours.

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