Based on the last 12 Retail Sales MoM events in United Kingdom, USDCAD could experience an downwards trend. Based on these past events there is a 85.71% chance of this, and the trend could last 48 hours because the released value is < -0.4%. Historical events that allowed us to draw this conclusion
24 May 06:00 |
19 Apr 06:00 |
19 Jan 07:00 |
17 Nov 07:00 |
20 Oct 06:00 |
18 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
