What is the direction of highest probability today? (19/11/09)

on November 19 2009 1:29 AM

by Johan Kriek (jkriek@fxinstructor.com)

Key events:

09:30 GMT – UK Retail Sales

13:30 GMT – Jobless Claims

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4990

Bullish Probability above: 1.4990

Significant resistance: 1.4990, 1.5030

Significant support:1.4777

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6790

Bullish Probability above: 1.6790

Significant resistance: 1.6790,

Significant support:1.6858

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9286

Bullish Probability above: 0.9286

Significant resistance: 0.9286, 0.9400

Significant support:0.9210

Direction of  Highest Probability: BULLISH

60 minute trend support: NA

Bearish Probability below: 88.72

Significant support: 88.72

Significant resistance:89.77

___________________________________

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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