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

by Johan Kriek (jkriek@fxinstructor.com)

Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.4720
Bullish Probability above: 1.4730
Significant resistance: 1.4720,1.4730
Significant support:1.4610

Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.6110
Bullish Probability above: 1.6110
Significant resistance: 1.6110, 1.6350
Significant support: 1.5800

Direction of Highest Probability: BEARISH
60 minute trend resistance: 0.8730
Bullish Probability above: 0.8720
Significant resistance: 0.8730, 0.8780
Significant support:0.8530

Direction of Highest Probability: BEARISH
60 minute trend resistance: 91.00
Bullish Probability above: 91.00
Significant resistance: 91.00, 91.50
Significant support:87.00

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-reserve.php to learn this technique

Enjoy and good luck!

Johan