Based on the last 12 Consumer Confidence events in Japan, we expect NZDUSD to trend downwards. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards for 12 hours because the released value is < 37.6. A price movement of 1 pips is expected. Historical events that allowed us to draw this conclusion
31 Jul 05:00 |
01 Jul 05:00 |
01 Mar 05:00 |
30 Jan 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”).
