analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 5 / 23 / 2014
OPEN 0.8568
HIGH 0.8577
LOW 0.8533
CLOSED 0.8555
The third resistance (R3) 0.8577 -( 0.8555 - 0.8533 = 0.0022 x 2 = 0.0044 )= 0.8621
The second Resistance (R2) 0.8555 + 0.8577 - 0.8533 = 0.8599
First resistance (R1) 0.8555 x 2 = 1.7110 - 0.8533 = 0.8577
pivot points 0.8577 + 0.8533 + 0.8555 = 2.5665 / 3 = 0.8555
Support for the first (S1) 0.8555 x 2 = 1.7110 - 0.8577 = 0.8533
Support second (S2) 0.8555 -( 0.8577 - 0.8533 = 0.0044 ) = 0.8511
Third Support (S3) 0.8533 -( 0.8577 - 0.8555 = 0.0022 x 2 = 0.0044 )= 0.8489

