70% probability that USDCAD will trend downwards right now

Past performance is not an indicator of future results.
Based on the last 12 Consumer Confidence events in Japan, we expect USDCAD to trend downwards for the next 48 hours. Based on these past events there is a 70% chance of this. This will happen because the released value is < 42.5

Historical events that allowed us to draw this conclusion

30 Nov 05:00
31 Oct 05:00
31 Jul 06:00
29 Jun 06:00
30 May 06:00
09 Apr 06:00
31 Jan 05:00

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

Opere Ahora