USDCHF will trend upwards right now

Past performance is not an indicator of future results.
We expect USDCHF to trend upwards for the next 2 hours. Based on these past Euro Area Business Confidence news events there is a 80% chance of this. We expect this to happen because the released value is > 0.6. A price movement of 6 pips is expected.

Historical events that allowed us to draw this conclusion

29 Nov 10:00

27 Sep 10:00

30 May 10:00

27 Feb 10:00

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

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