http://prntscr.com/52if64
analysis for today 11 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPAUD on the date 10 / 31 / 2014
OPEN 1.8108
HIGH 1.8208
LOW 1.8082
CLOSED 1.8182
The third resistance (R3) 1.8208 -( 1.8157 - 1.8082 = 0.0075 x 2 = 0.0151 )= 1.8359
The second Resistance (R2) 1.8157 + 1.8208 - 1.8082 = 1.8283
First resistance (R1) 1.8157 x 2 = 3.6315 - 1.8082 = 1.8233
pivot points 1.8208 + 1.8082 + 1.8182 = 5.4472 / 3 = 1.8157
Support for the first (S1) 1.8157 x 2 = 3.6315 - 1.8208 = 1.8107
Support second (S2) 1.8157 -( 1.8208 - 1.8082 = 0.0126 ) = 1.8031
Third Support (S3) 1.8082 -( 1.8208 - 1.8157 = 0.0051 x 2 = 0.0101 )= 1.7981