Based on the last 12 New Home Sales events in United States, we expect GBPUSD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards for 2 hours because the released value is > 0.714M. A price movement of 25 pips is expected.
Historical events that allowed us to draw this conclusion
|24 Aug 14:00|
|23 Apr 14:00|
|24 Feb 15:00|
|23 Dec 15:00|
|24 Sep 14:00|
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).