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We expect USDCAD to trend downwards for the next 2 hours.

Based on past Japan Consumer Confidence news events there is a 71.43% chance of USDCAD trending downwards. We expect this to happen because the released value is < 34. A price movement of 25 pips is expected. Historical events that allowed us to draw this conclusion

29 Jul 05:00
08 Apr 05:00
03 Mar 05:00
31 Jan 05:00
05 Jan 05:00

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

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Esperamos un movimiento en $7026 del PL durante las próximas 2 horas.

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Nous attendons un mouvement de $5082 pour C dans les 2 prochaines heures.

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