http://prntscr.com/3p5wdf
analysis for today 6 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 6 / 2 / 2014
OPEN 86.44
HIGH 86.63
LOW 86.23
CLOSED 86.49
The third resistance (R3) 86.63 - ( 86.45 - 86.23 = 0.22 x 2 = 0.44 )= 87.07
The second Resistance (R2) 86.45 + 86.63 - 86.23 = 86.85
First resistance (R1) 86.45 x 2 = 172.90 - 86.23 = 86.67
pivot points 86.63 + 86.23 + 86.49 = 259.35 / 3 = 86.45
Support for the first (S1) 86.45 x 2 = 172.90 - 86.63 = 86.27
Support second (S2) 86.45 - ( 86.63 - 86.23 = 0.40 ) = 86.05
Third Support (S3) 86.23 - ( 86.63 - 86.45 = 0.18 x 2 = 0.36 )= 85.87
---------- Post added at 10:45 AM ---------- Previous post was at 10:45 AM ----------
http://prntscr.com/3p5wdf
analysis for today 6 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 6 / 2 / 2014
OPEN 86.44
HIGH 86.63
LOW 86.23
CLOSED 86.49
The third resistance (R3) 86.63 - ( 86.45 - 86.23 = 0.22 x 2 = 0.44 )= 87.07
The second Resistance (R2) 86.45 + 86.63 - 86.23 = 86.85
First resistance (R1) 86.45 x 2 = 172.90 - 86.23 = 86.67
pivot points 86.63 + 86.23 + 86.49 = 259.35 / 3 = 86.45
Support for the first (S1) 86.45 x 2 = 172.90 - 86.63 = 86.27
Support second (S2) 86.45 - ( 86.63 - 86.23 = 0.40 ) = 86.05
Third Support (S3) 86.23 - ( 86.63 - 86.45 = 0.18 x 2 = 0.36 )= 85.87