There is a 66.67% chance of USDCHF trending downwards

Based on past Japan Consumer Confidence news events there is a 66.67% chance of USDCHF trending downwards. We expect this to happen if the released value is > 34. A price movement of 23 pips is expected.

Historical events that allowed us to draw this conclusion

08 Apr 05:00
02 Oct 05:00
31 Aug 05:00
31 Jul 05:00

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

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