http://prntscr.com/3oudq2
analysis for today 6 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 5 / 30 / 2014
OPEN 138.43
HIGH 138.85
LOW 138.07
CLOSED 138.70
The third resistance (R3) 138.85 - ( 138.54 - 138.07 = 0.47 x 2 = 0.94 )= 139.79
The second Resistance (R2) 138.54 + 138.85 - 138.07 = 139.32
First resistance (R1) 138.54 x 2 = 277.08 - 138.07 = 139.01
pivot points 138.85 + 138.07 + 138.70 = 415.62 / 3 = 138.54
Support for the first (S1) 138.54 x 2 = 277.08 - 138.85 = 138.23
Support second (S2) 138.54 - ( 138.85 - 138.07 = 0.78 ) = 137.76
Third Support (S3) 138.07 - ( 138.85 - 138.54 = 0.31 x 2 = 0.62 )= 137.45
---------- Post added at 11:42 AM ---------- Previous post was at 11:35 AM ----------
http://prntscr.com/3oudq2
analysis for today 6 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPY on the date 5 / 30 / 2014
OPEN 138.43
HIGH 138.85
LOW 138.07
CLOSED 138.70
The third resistance (R3) 138.85 - ( 138.54 - 138.07 = 0.47 x 2 = 0.94 )= 139.79
The second Resistance (R2) 138.54 + 138.85 - 138.07 = 139.32
First resistance (R1) 138.54 x 2 = 277.08 - 138.07 = 139.01
pivot points 138.85 + 138.07 + 138.70 = 415.62 / 3 = 138.54
Support for the first (S1) 138.54 x 2 = 277.08 - 138.85 = 138.23
Support second (S2) 138.54 - ( 138.85 - 138.07 = 0.78 ) = 137.76
Third Support (S3) 138.07 - ( 138.85 - 138.54 = 0.31 x 2 = 0.62 )= 137.45


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