We expect ZW to trend downwards for the next 12 hours. Based on these past United States New Home Sales news events there is a 87.5% chance of this. We expect this to happen because the released value is < 0.5M. A price movement of 4687 pips is expected. Historical events that allowed us to draw this conclusion
26 Jul 14:00 |
24 May 14:00 |
26 Apr 14:00 |
23 Mar 14:00 |
24 Feb 15:00 |
23 Dec 15:00 |
24 Nov 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
