Based on the last 12 Consumer Confidence events in Japan, we expect a 5 pip movement on AUDUSD within 12 hours following the event release at 29 Aug 05:00 UTC. We expect AUDUSD to trend downwards 12 hours following the event release at 29 Aug 05:00 UTC if the released value is < 37.6 Historical events that allowed us to draw this conclusion
31 Jul 05:00 |
01 Jul 05:00 |
01 Mar 05:00 |
30 Nov 05:00 |
31 Oct 05:00 |
29 Aug 05:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
