We expect a $1219 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -60. A price movement of 156 pips is expected. Historical events that allowed us to draw this conclusion
16 Aug 09:00 |
12 Jul 09:00 |
14 Jun 09:00 |
15 Feb 10:00 |
07 Sep 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
