What is the direction of highest probability today? (07/12/09)

by Johan Kriek (jkriek@fxinstructor.com)

Key events for today:

11AM GMT Germany Factory Orders

Probability Studies:

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 1.4916
Bullish Probability above: 1.4916
Significant resistance: 1.4916
Significant support:1.4790

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 1.6560
Bullish Probability above: 1.6560
Significant resistance: 1.6560
Significant support:1.6277

Direction of  Highest Probability: BEARISH
60 minute trend resistance: 0.9227
Bullish Probability above: 0.9227
Significant resistance: 0.9227
Significant support:0.9000

Direction of  Highest Probability: BULLISH
60 minute trend support: 89.36
Bearish Probability below: 89.36, 84.76
Significant support: 89.36
Significant resistance:93.30
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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