Based on the last 12 Employment Change events in Australia, we expect EURUSD to trend upwards right now. Based on these past events there is a 77.78% chance of this. We expect EURUSD to trend upwards for the next 4 hours because the released value is > 10K. A price movement of 19 pips is expected.
Historical events that allowed us to draw this conclusion
15 Aug 01:30 |
13 Jun 01:30 |
16 May 01:30 |
18 Apr 01:30 |
21 Feb 00:30 |
24 Jan 00:30 |
15 Nov 00:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
