http://prntscr.com/4s9zf3
analysis for today 10 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CHF on the date 10 / 1 / 2014
OPEN 0.9548
HIGH 0.9595
LOW 0.9544
CLOSED 0.9558
The third resistance (R3) 0.9595 -( 0.9566 - 0.9544 = 0.0022 x 2 = 0.0043 )= 0.9638
The second Resistance (R2) 0.9566 + 0.9595 - 0.9544 = 0.9617
First resistance (R1) 0.9566 x 2 = 1.9131 - 0.9544 = 0.9587
pivot points 0.9595 + 0.9544 + 0.9558 = 2.8697 / 3 = 0.9566
Support for the first (S1) 0.9566 x 2 = 1.9131 - 0.9595 = 0.9536
Support second (S2) 0.9566 -( 0.9595 - 0.9544 = 0.0051 ) = 0.9515
Third Support (S3) 0.9544 -( 0.9595 - 0.9566 = 0.0029 x 2 = 0.0059 )= 0.9485
---------- Post added 10-03-2014 at 01:46 PM ---------- Previous post was 10-02-2014 at 01:57 PM ----------
http://prntscr.com/4skeph
analysis for today 10 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CHF on the date 10 / 2 / 2014
OPEN 0.9559
HIGH 0.9579
LOW 0.9517
CLOSED 0.9539
The third resistance (R3) 0.9579 -( 0.9545 - 0.9517 = 0.0028 x 2 = 0.0056 )= 0.9635
The second Resistance (R2) 0.9545 + 0.9579 - 0.9517 = 0.9607
First resistance (R1) 0.9545 x 2 = 1.9090 - 0.9517 = 0.9573
pivot points 0.9579 + 0.9517 + 0.9539 = 2.8635 / 3 = 0.9545
Support for the first (S1) 0.9545 x 2 = 1.9090 - 0.9579 = 0.9511
Support second (S2) 0.9545 -( 0.9579 - 0.9517 = 0.0062 ) = 0.9483
Third Support (S3) 0.9517 -( 0.9579 - 0.9545 = 0.0034 x 2 = 0.0068 )= 0.9449