Based on the last 12 Balance of Trade events in Germany, we expect NZDUSD to trend upwards right now. Based on these past events there is a 72.73% chance of this. We expect NZDUSD to trend upwards for the next 4 hours because the released value is > €15.9B. A price movement of 68 pips is expected.

Historical events that allowed us to draw this conclusion

08 May 16:00	09 Apr 16:00
09 Mar 18:00	10 Oct 17:00
09 Sep 16:00	09 Aug 16:00
08 Jul 16:00	07 Jun 16:00

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