Based on the last 12 Consumer Confidence events in Switzerland, we expect USDCHF to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect USDCHF to trend upwards for the next 12 hours because the released value is < -8. A price movement of 40 pips is expected. Historical events that allowed us to draw this conclusion

15 Apr 19:30	05 Feb 17:45
04 Nov 17:45	02 Aug 15:45
02 May 15:45	02 Nov 17:45

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