Want to know why USDCAD is going downwards for the next 2 hours?

Past performance is not an indicator of future results.
Based on the last 12 Consumer Confidence events in Japan, we expect a $52.818 movement on USDCAD within the next 2 hours. We expect USDCAD to trend downwards for the next 2 hours 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

30 May 06:00

02 May 06:00

09 Apr 06:00

01 Mar 05:00

31 Jan 05:00

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

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