Based on the last 12 Consumer Confidence Flash events in EMU, we expect USDCHF to trend up right now. Based on these past events there is a 83.3% of this.
We expect USDCHF to trend up for the next 2 hours because the released value is < -7. A price movement of 11 pips is expected.
Historical events that allowed us to draw this conclusion
21 Mar 15:00 |
21 Dec 15:00 |
20 Sep 14:00 |
23 Aug 14:00 |
23 May 14:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
