Based on the last 12 Philadelphia Fed Manufacturing Index events in US, we expect USDCHF to trend up right now. Based on these past events there is a 71.4% of this.
We expect USDCHF to trend up for the next 4 hours because the released value is > 20. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
20 Sep 12:30 |
19 Apr 12:30 |
15 Feb 13:30 |
21 Dec 13:30 |
19 Oct 12:30 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
