Based on the last 12 GDP Growth Rate QoQ events in Canada, we expect USDCHF to trend downwards. Based on these past events there is a 66.67% chance of this. We expect USDCHF to trend downwards for 48 hours because the released value is > -12%. A price movement of 130 pips is expected.

Historical events that allowed us to draw this conclusion

29 May 22:30	30 Nov 00:30
01 Dec 00:30	30 Aug 22:30
31 Aug 22:30

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