We expect USDCHF to trend downwards for the next 12 hours. Based on these past Switzerland KOF Leading Indicators news events there is a 66.67% chance of this. We expect this to happen because the released value is > 89. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
30 Jun 17:00 |
29 Apr 17:00 |
28 Jan 19:00 |
30 Dec 19:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).