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We expect a 47 pip movement on USDCHF for the next 4 hours.

We expect USDCHF to trend downwards for the next 4 hours. Based on these past Canada Ivey PMI s.a news events there is a 75% chance of this. We expect this to happen because the released value is < 64. A price movement of 47 pips is expected. Historical events that allowed us to draw this conclusion

06 May 14:00
06 Aug 14:00
04 Jun 14:00

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

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Important price line being approached by 10 year US Treasury Note SEPTEMBER 2022. This price has been tested numerous times before.

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