How to interprete result values from forex factory news

Forex Factory News is a popular platform that provides news and analysis on the foreign exchange market. When interpreting result values from Forex Factory News, here are some general guidelines to help you understand the data:

1. Direction: The direction of the news event is indicated by the arrow symbol (↑ or ↓). An upward arrow indicates a positive impact on the currency, while a downward arrow indicates a negative impact.
2. Impact: The impact score is a numerical value that represents the expected effect of the news event on the currency. A higher impact score indicates a more significant effect on the market.
3. Probability: The probability score is a percentage value that represents the likelihood of the news event occurring. A higher probability score indicates a higher likelihood of the event occurring.
4. Market Reaction: The market reaction is a brief description of how the market is expected to react to the news event. This can be a general statement, such as "The market is expected to react positively" or "The market is expected to react negatively".
5. Currency Pair: The currency pair affected by the news event is listed in the format of [Base Currency]/[Counter Currency]. For example, EUR/USD or USD/JPY.
6. Time: The time of the news event is listed in the format of [Date] [Time]. For example, "2023-02-20 08:00".
7. Source: The source of the news event is listed, which can be a government agency, a central bank, or a private organization.

When interpreting the result values, consider the following:

• High Impact: If the impact score is high (e.g., 8 or above), it indicates a significant event that can move the market. Pay attention to these events, as they can have a substantial impact on the currency.
• High Probability: If the probability score is high (e.g., 80% or above), it indicates a high likelihood of the event occurring. This can be a good indicator of a potential market-moving event.
• Market Reaction: Pay attention to the market reaction description, as it can provide insight into how the market is expected to react to the news event.
• Currency Pair: Focus on the currency pair affected by the news event, as it can help you identify potential trading opportunities.
• Time: Make sure to set your trading platform to the correct time zone and adjust your trading schedule accordingly.

By considering these factors, you can better understand the result values from Forex Factory News and make more informed trading decisions.