What is the direction of highest probability today? (07/01/10)

on January 06 2010 10:58 PM

by Johan Kriek (jkriek@fxinstructor.com)

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4440

Bullish Probability above: 1.4440

Significant resistance: 1.4440, 1.4580

Significant support:1.4283

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6146

Bullish Probability above: 1.6146

Significant resistance: 1.6146, 1.6380

Significant support:1.5850

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9175

Bearish Probability below: 0.9175

Significant support: 0.9175, 0.9077

Significant resistance:0.9265

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 92.55

Bullish Probability above: 92.55

Significant resistance: 92.55, 93.25

Significant support:91.74

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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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