http://prntscr.com/4c9yo7
analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUD/USD on the date 8 / 12 / 2014
OPEN 0.9261
HIGH 0.9275
LOW 0.9247
CLOSED 0.9268
The third resistance (R3) 0.9275 -( 0.9263 - 0.9247 = 0.0016 x 2 = 0.0033 )= 0.9308
The second Resistance (R2) 0.9263 + 0.9275 - 0.9247 = 0.9291
First resistance (R1) 0.9263 x 2 = 1.8527 - 0.9247 = 0.9280
pivot points 0.9275 + 0.9247 + 0.9268 = 2.7790 / 3 = 0.9263
Support for the first (S1) 0.9263 x 2 = 1.8527 - 0.9275 = 0.9252
Support second (S2) 0.9263 -( 0.9275 - 0.9247 = 0.0028 ) = 0.9235
Third Support (S3) 0.9247 -( 0.9275 - 0.9263 = 0.0012 x 2 = 0.0023 )= 0.9224