Based on the last 12 Balance of Trade events in Germany, we expect NQ to trend downwards right now. Based on these past events there is a 75% chance of this. We expect NQ to trend downwards for the next 48 hours because the released value is > €12.5B. A price movement of 66,237 pips is expected.
Historical events that allowed us to draw this conclusion
07 May 06:00 |
09 Nov 07:00 |
07 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
