What is the direction of highest probability today? (01/02/10)

By IBTimes Staff Reporter | February 01 2010 2:35 AM

by Johan Kriek (jkriek@fxinstructor.com)

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Probabilities:

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 1.3930

Bullish Probability above: 1.3930

Significant resistance: 1.3970

Significant support:1.3750

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 1.6175

Bullish Probability above: 1.6175

Significant resistance: 1.6200

Significant support:1.5890

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 0.8940

Bullish Probability above: 0.8940

Significant resistance: 0.8990

Significant support:0.8730

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Direction of Highest Probability: BULLISH

60 minute trend support: 89.80

Bearish Probability below: 89.80

Significant support: 84.80

Significant resistance:92.60

___________________________________

This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at

http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class

Enjoy and good luck!

Johan

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