Tuesday, September 29, 2009

What is the direction of highest probability today? (30/09/09)

by Johan Kriek (jkriek@fxinstructor.com)

EUROZONE inflation estimates and US GDP can cause a shift. Watch out

Below follows your Probabilities for today:

eur

Direction of Highest Probability: BULLISH
60 minute trend support: 1.4595
Bearish Probability below: 1.4595/90
Significant support: 1.4595
Significant resistance:1.4900

gbp

Direction of Highest Probability: BULLISH
60 minute trend support: 1.5870
Bearish Probability below: 1.5870
Significant support: 1.5870
Significant resistance:1.6280

aud

Direction of Highest Probability: BULLISH
60 minute trend support: 0.8740
Bearish Probability below: 0.8740
Significant support: 0.8740
Significant resistance:0.9000

jpy

Direction of Highest Probability: BEARISH
60 minute trend resistance: 90.25
Bullish Probability above: 90.25
Significant support: 88.20
Significant resistance:90.25

___________________________________________________________________________
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

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