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We expect USDCHF to trend downwards later today. Based on these past United States Michigan Consumer Sentiment Prel news events there is a 66.67% chance of this. We expect this to happen if the released value is < 70. A price movement of 77 pips is expected. Historical events that allowed us to draw this conclusion
16 Oct 01:00 |
18 Sep 00:00 |
14 Aug 00:00 |
15 May 00:00 |
17 Apr 00:00 |
13 Feb 02:00 |
16 Jan 02:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).