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We expect USDCHF to trend downwards for the next 48 hours.

We expect USDCHF to trend downwards for the next 48 hours. Based on these past United States Housing Starts news events there is a 80% chance of this. We expect this to happen because the released value is > 1.25M. A price movement of 145 pips is expected.

Historical events that allowed us to draw this conclusion

18 Jun 12:30
16 May 12:30
18 Dec 13:30
19 Sep 12:30

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

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