USDCHF will trend downwards right now

Past performance is not an indicator of future results.
We expect USDCHF to trend downwards for the next 48 hours. Based on these past Japan Balance of Trade news events there is a 80% chance of this. We expect this to happen because the released value is < ¥-29.5B. A price movement of 69 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 23:50
18 Nov 23:50
18 Jun 00:50
23 Jan 23:50

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

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