Based on the last 12 Consumer Confidence events in Japan, we expect EURUSD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2022-10-31 05:00 if the released value is < 30. A price movement of 29 pips is expected. Historical events that allowed us to draw this conclusion
29 Jul 05:00 |
08 Apr 05:00 |
03 Mar 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
02 Dec 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
