We expect OJ to trend downwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 71.43% chance of this. We expect this to happen if the released value is > 60. A price movement of 2197 pips is expected.
Historical events that allowed us to draw this conclusion
14 Apr 14:00 |
10 Feb 15:00 |
13 Jan 15:00 |
09 Dec 15:00 |
12 Aug 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
