What is the direction of highest probability today? (07/10/09)

by Johan Kriek (jkriek@fxinstructor.com)

Direction of Highest Probability: BEARISH
60 minute trend resistance: Not yet Identified
Bullish Probability above: 1.4762
Significant resistance: 1.4762
Significant support:1.4580

Direction of Highest Probability: BULLISH
60 minute trend support: 1.5830
Bearish Probability below: 1.5830
Significant support: 1.5830
Significant resistance:1.6100

Direction of Highest Probability: BULLISH
60 minute trend support: 0.8900
Bearish Probability below: 0.8900
Significant support: 0.8900
Significant resistance:0.8930

Direction of Highest Probability: BEARISH
60 minute trend resistance: 89.15
Bullish Probability above: 89.15
Significant resistance: 89.15
Significant support:88.20

___________________________________
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