Forex Bull

by Johan Kriek (jkriek@fxinstructor.com) Probability Studies: Direction of  Highest Probability: BULLISH 60 minute trend support: 1.4940 Bearish Probability below: 1.4940 Significant support: 1.4940, 1.4700 Significant resistance:1.5060 Direction of  Highest Probability: BEARISH 60 minute trend resistance: na Bullish Probability above: 1.6700 Significant resistance: 1.6700 Significant support:1.6500 Direction of  Highest Probability: BEARISH 60 minute trend resistance: na Bullish Probability above: 0.9322 Significant resistance: 0.9322 Significant support:0.9215 Direction of  Highest Probability: BEARISH 60 minute trend resistance: 90.55 Bullish Probability above: 90.55 Significant resistance: 90.55 Significant support:89.70 ___________________________________ 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

PARIS—-Regulatory News:

PARIS—-Regulatory News:

STÃ?FA, Switzerland—-Sonova Group : New sales record: The Sonova Group increased its sales by 18.2% in Swiss francs in the first six months to CHF 709 million Market growth significantly exceeded: With 17.5% organic sales growth and 4.3% growth from acquisitions, Sonova further expanded its market share Increased profitability: The EBITA margin was increased from 26.5% to 27.3% Higher earnings per share: The Group posted a 22.2% increase in earnings per share over the previous year to CHF 2.520 Top-selling new products: The recently launched Exélia Art, Audéo YES and Passport hearing systems made a significant contribution to sales growth Strategic expansion in the cochlear implant business: The Sonova Group announced the planned acquisition of cochlear implant manufacturer Advanced Bionics EUHA October 2009: Sonova demonstrated its technological leadership and launched a large number of new, innovative products

Oil prices drifted below $79 a barrel Tuesday in Asia as a storm threatening oil installations in the Gulf of Mexico weakened and investors eyed a volatile dollar.

EURUSD’s uptrend from 1.4626 extended to as high as 1.5020.

As I had expected, the EURUSD continued it’s bullish momentum yesterday, topped at 1.5019 and closed at 1.4995. The bias should remains bullish in nearest term re-testing October 26 high, 1.5062. I will be watching any reaction around this area since technically we could have a double top formation if price reject to move above that area, as you can see in my daily chart below

The Dow Jones industrial average stormed to its highest level in more than a year Monday as a falling dollar boosted prices for gold, oil and other commodities.

Government bonds were little changed Monday as soaring stock prices chipped away at demand for Treasurys after a successful auction of three-year notes.

Well, it looks like we are going to get a repeat performance from July, September, and October with this market, because stocks today once again threw to the side all the bearish signs out there and just rallied higher throughout the entire session. Stocks gapped slightly higher to open the… For the full article, please visit my website by clicking on the article title above