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Are you on the right side of the US New Home Sales news event?

Are you on the right side of the US New Home Sales news event?

Based on the last 12 New Home Sales events in US, we expect USDCAD to trend up later today. Based on these past events there is a 75.0% of this.
We expect USDCAD to trend up 2 hours following the event release at 23 Apr 14:00 if the released value is < 0.647M. A price movement of 8 pips is expected. Historical events that allowed us to draw this conclusion

23 Aug 14:00
 
25 Jul 14:00
 
23 May 14:00
 

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

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