What is the direction of highest probability today? (10/03/10)

By IBTimes Staff Reporter | March 09 2010 11:09 PM

by Johan Kriek (jkriek@fxinstructor.com)

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Probabilities:

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Direction of Highest Probability: BULLISH

60 minute trend support: 1.3550

Bearish Probability below: 1.3550

Significant support: 1.3440

Significant resistance:1.3810

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Direction of Highest Probability: BULLISH

60 minute trend support: not identified yet

Bearish Probability below: 1.4805

Significant support: 1.4805

Significant resistance:1.5240

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Direction of Highest Probability: BULLISH

60 minute trend support: 0.9110

Bearish Probability below: 0.9020

Significant support: 0.8580

Significant resistance: 0.9250

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 90.10

Bullish Probability above: 90.65

Significant resistance: 90.65

Significant support: 88.11

___________________________________

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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