by Johan Kriek ([email protected])
Key events today:
Eurozone PMI @ 8:00GMT
UK GDP @ 08:30GMT
US Existing Home Sales @ 14:00
Probability Studies:
Probability Studies:
Direction of Highest Probability: BULLISH
60 minute trend support:1.4970
Bearish Probability below:1.4970
Significant support:1.4970
Significant resistance:1.5060
Direction of Highest Probability: BEARISH
60 minute trend resistance:1.6656
Bullish Probability above:1.6676
Significant resistance:1.6676, 1.6656
Significant support:1.6600
Direction of Highest Probability: BEARISH
60 minute trend resistance:0.9285
Bullish Probability above:0.9285
Significant resistance:0.9285
Significant support:0.9227
Direction of Highest Probability: BULLISH
60 minute trend support:91.40
Bearish Probability below:91.40
Significant support:91.40, 90.35
Significant resistance:95.00
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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-reserve.php to learn this technique
Enjoy and good luck!
Johan