What is the direction of highest probability today? (26/01/10)

 @ibtimes on January 25 2010 10:38 PM

by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4160

Bullish Probability above: 1.4160

Significant resistance: 1.4300

Significant support:1.3750

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6150

Bearish Probability below: 1.6150

Significant support: 1.5900

Significant resistance:1.6380

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9065

Bullish Probability above: 0.9065

Significant resistance: 0.9120

Significant support:0.8940

Direction of  Highest Probability: BULLISH

60 minute trend support: 89.85

Bearish Probability below: 89.85

Significant support: 84.80

Significant resistance:90.70

___________________________________

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

Join the Discussion