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We expect USDCHF to trend downwards for the next 48 hours.

We expect USDCHF to trend downwards for the next 48 hours. Based on these past Euro Area Consumer Confidence Flash news events there is a 66.67% chance of this. We expect this to happen because the released value is < -12.9. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

18 Feb 15:00
21 Dec 15:00
23 Aug 14:00
22 Jun 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect NZDUSD to trend upwards today with a 66.67% chance.

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Possible start of a bearish trend on USD/CHF

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