We expect a $107.271 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -22.3. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion
18 Jun 09:00 |
16 Oct 09:00 |
10 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
