TradersNews 83.33% probability that USDCAD will trend down on Thursday 22 Jul at 02:00 PM GMT if the US Existing Home Sales number is greater than 5.9M.

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This Thursday 22 Jul at 02:00 PM GMT the latest US Existing Home Sales number will be released.
If the number is greater than than economists’ consensus there is a 83.33% probability that USDCAD will trend down following the news event.

This probability is based on the last 12 US Existing Home Sales events, in which 5 of the last 6 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.

Here are images of the past events:

Tuesday 22 Jun at 02:00 PM GMT:

Friday 19 Feb at 03:00 PM GMT:

Thursday 19 Nov at 03:00 PM GMT:

Thursday 22 Oct at 02:00 PM GMT:

Friday 21 Aug at 02:00 PM GMT:

Disclaimer: Past performance may not be indicative of future performance