Are you on the right side of Canada Balance of Trade news event?

Past performance is not an indicator of future results.
Based on the last 12 Balance of Trade events in Canada, we expect GBPUSD to trend downwards. Based on these past events there is a 71.43% chance of this. We expect GBPUSD to trend downwards for 4 hours because the released value is < C$-3.5B. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

06 Mar 13:30

08 Jan 13:30

02 Nov 12:30

03 May 13:30

05 Apr 13:30

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

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