Based on the last 12 Balance of Trade events in Japan, we expect EURUSD to trend upwards right now. Based on these past events there is a 83.33% chance of this. We expect EURUSD to trend upwards for the next 4 hours because the released value is < ¥989.8B. A price movement of 26 pips is expected. Historical events that allowed us to draw this conclusion

21 Oct 10:50

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