http://prntscr.com/3u8zed
analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUD/USD on the date 6 / 18 / 2014
OPEN 0.9335
HIGH 0.9410
LOW 0.9321
CLOSED 0.9407
The third resistance (R3) 0.9410 -( 0.9379 - 0.9321 = 0.0058 x 2 = 0.0117 )= 0.9527
The second Resistance (R2) 0.9379 + 0.9410 - 0.9321 = 0.9468
First resistance (R1) 0.9379 x 2 = 1.8759 - 0.9321 = 0.9438
pivot points 0.9410 + 0.9321 + 0.9407 = 2.8138 / 3 = 0.9379
Support for the first (S1) 0.9379 x 2 = 1.8759 - 0.9410 = 0.9349
Support second (S2) 0.9379 -( 0.9410 - 0.9321 = 0.0089 ) = 0.9290
Third Support (S3) 0.9321 -( 0.9410 - 0.9379 = 0.0031 x 2 = 0.0061 )= 0.9260