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There is a 71.43% chance of USDCHF trending downwards

Based on the last 12 Consumer Confidence events in Japan, we expect USDCHF to trend downwards later today. Based on these past events there is a 71.43% chance of this. We expect USDCHF to trend downwards 4 hours following the event release at 2022-09-30 05:00 if the released value is < 34. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

29 Jun 05:00
08 Apr 05:00
03 Mar 05:00
05 Jan 05:00
02 Dec 05:00

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

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