http://prntscr.com/4w1lzk
analysis for today 10 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 13 / 2014
OPEN 135.84
HIGH 136.30
LOW 135.54
CLOSED 136.24
The third resistance (R3) 136.30 - ( 136.03 - 135.54 = 0.49 x 2 = 0.97 )= 137.27
The second Resistance (R2) 136.03 + 136.30 - 135.54 = 136.79
First resistance (R1) 136.03 x 2 = 272.05 - 135.54 = 136.51
pivot points 136.30 + 135.54 + 136.24 = 408.08 / 3 = 136.03
Support for the first (S1) 136.03 x 2 = 272.05 - 136.30 = 135.75
Support second (S2) 136.03 - ( 136.30 - 135.54 = 0.76 ) = 135.27
Third Support (S3) 135.54 - ( 136.30 - 136.03 = 0.27 x 2 = 0.55 )= 134.99


Thread: 
Thanks








Currently Active Users
Forex Forum India Statistics