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We expect a 39 pip movement on USDCHF for the next 2 hours.

We expect USDCHF to trend downwards for the next 2 hours. Based on these past Canada Ivey PMI s.a news events there is a 71.43% chance of this. We expect this to happen because the released value is > 53. A price movement of 39 pips is expected.

Historical events that allowed us to draw this conclusion

05 Apr 14:00
06 Feb 15:00
05 Jan 15:00
05 Oct 14:00
07 Sep 14:00

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

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