What is the direction of highest probability today? (25/11/09)

  @ibtimes on

by Johan Kriek (jkriek@fxinstructor.com)

Glad to be back :)

Key event for EU session:

UK GDP @ 09:30GMT (this one WILL be a market mover)

Herewith your probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: NA

Bearish Probability below: 1.4980

Significant support: 1.4980, 1.4850

Significant resistance:1.5037

Direction of  Highest Probability: BULLISH

60 minute trend support:

Bearish Probability below:

Significant support:

Significant resistance:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6533

Bearish Probability below: 1.6533

Significant support: 1.6533, 1.6225

Significant resistance:1.6805

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 89.20

Bullish Probability above: 89.20

Significant resistance: 89.20, 89.60

Significant support:88.00

___________________________________

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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