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Filed under: Probability Studies | 02/09/10 03:44am UTC
jkriek

What is the direction of highest probability today? (09/02/10)

by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 1.3705
Bullish Probability above: 1.3705
Significant resistance: 1.3817
Significant support:1.3500

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 1.5867
Bullish Probability above: 1.5867
Significant resistance: 1.6000
Significant support:1.5000

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 0.8745
Bullish Probability above: 0.8745
Significant resistance: 0.8767
Significant support:0.8200

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 89.95
Bullish Probability above: 89.95
Significant resistance: 90.05
Significant support:84.80

___________________________________
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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