What is the direction of highest probability today? (21/01/10)

By @ibtimes on

by Johan Kriek (Jkriek@fxinstructor.com)

Notice:

I will be presenting a free Level 1 class on the Probability Study Technique on Friday 22 January. This time the class will start at 1PM EST time to accommodate US clients. You will have to register here:  http://www.fxinstructor.com/eng/courses/free.php

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4250

Bullish Probability above: 1.4250

Significant resistance: 1.4250, 1.4300

Significant support:1.3750

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6270

Bullish Probability above: 1.6400

Significant resistance: 1.6400, 1.6420

Significant support:1.5890

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9130

Bullish Probability above: 0.9130

Significant resistance: 0.9200

Significant support:0.8950

Direction of  Highest Probability: BULLISH

60 minute trend support: 91.35

Bearish Probability below: 91.35

Significant support: 90.35

Significant resistance:93.00

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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