Based on the last 12 Consumer Confidence events in Japan, we expect a 42 pip movement on NZDUSD within 48 hours following the event release at 2024-11-29 05:00. We expect NZDUSD to trend upwards 48 hours following the event release at 2024-11-29 05:00 if the released value is > 36.4
Historical events that allowed us to draw this conclusion
31 Jul 05:00 |
31 Jan 05:00 |
05 Jan 05:00 |
30 Nov 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
