What is the direction of highest probability today? (03/11/09)

by Johan Kriek (jkriek@fxinstructor.com)

Probability Studies:

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 1.4812
Bullish Probability above: 1.4812
Significant resistance: 1.4812
Significant support:1.4718, 1.4665, 1.4565

Direction of  Highest Probability: No trade zone – wait for break
Bearish Probability below: 1.6340
Bullish Probability above: 1.6500
Significant resistance: 1.6600
Significant support:1.6030

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 0.9080
Bullish Probability above: 0.9080
Significant resistance: 0.9080, 0.9100
Significant support:0.8946

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 90.60
Bullish Probability above: 90.60
Significant resistance: 90.60, 90.85
Significant support:89.45

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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