Based on the last 12 Balance of Trade events in Germany, GBPUSD may trend upwards for the next 48 hours. Based on these past events there is a 75% chance of this. This may happen because the released value is > €16.3B
Historical events that allowed us to draw this conclusion
05 Oct 06:00 |
03 Aug 06:00 |
05 Jun 06:00 |
04 May 06:00 |
03 Mar 07:00 |
05 Jan 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
