What is the direction of highest probability today? (22/02/10)

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by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.3750

Bullish Probability above: 1.3750

Significant resistance: 1.3870

Significant support:1.3450

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5780

Bullish Probability above: 1.5780

Significant resistance: 1.5880

Significant support:1.5100

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.8940

Bearish Probability below: 0.8940

Significant support: 0.8780

Significant resistance:0.9260

Direction of  Highest Probability: BULLISH

60 minute trend support: 91.30

Bearish Probability below: 91.30

Significant support: 90.40

Significant resistance:92.00

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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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