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We expect USDCHF to trend upwards today.

Based on the last 12 Existing Home Sales events in United States, we expect USDCHF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 21 Aug 14:00 if the released value is < 5.39M. A price movement of 18 pips is expected. Historical events that allowed us to draw this conclusion

23 Jul 14:00
22 Apr 14:00
21 Feb 15:00
19 Oct 14:00
20 Sep 14:00
22 Aug 14:00

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

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GBP/USD Target Level: 1.2183

GBP/USD Target Level: 1.2183

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