analysis for today 12 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUD/USD on the date 12 / 19 / 2014
OPEN 0.8163
HIGH 0.8191
LOW 0.8122
CLOSED 0.8143
The third resistance (R3) 0.8191 -( 0.8152 - 0.8122 = 0.0030 x 2 = 0.0060
The second Resistance (R2) 0.8152 + 0.8191 - 0.8122 = 0.8221
First resistance (R1) 0.8152 x 2 = 1.6304 - 0.8122 = 0.8182
pivot points 0.8191 + 0.8122 + 0.8143 = 2.4456 / 3 = 0.8152
Support for the first (S1) 0.8152 x 2 = 1.6304 - 0.8191 = 0.8113
Support second (S2) 0.8152 -( 0.8191 - 0.8122 = 0.0069 ) = 0.8083
Third Support (S3) 0.8122 -( 0.8191 - 0.8152 = 0.0039 x 2 = 0.0078


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