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analysis for today 8 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 8 / 7 / 2014
OPEN 1.2144
HIGH 1.2153
LOW 1.2139
CLOSED 1.2143
The third resistance (R3) 1.2153 -( 1.2145 - 1.2139 = 0.0006 x 2 = 0.0012 )= 1.2165
The second Resistance (R2) 1.2145 + 1.2153 - 1.2139 = 1.2159
First resistance (R1) 1.2145 x 2 = 2.4290 - 1.2139 = 1.2151
pivot points 1.2153 + 1.2139 + 1.2143 = 3.6435 / 3 = 1.2145
Support for the first (S1) 1.2145 x 2 = 2.4290 - 1.2153 = 1.2137
Support second (S2) 1.2145 -( 1.2153 - 1.2139 = 0.0014 ) = 1.2131
Third Support (S3) 1.2139 -( 1.2153 - 1.2145 = 0.0008 x 2 = 0.0016 )= 1.2123


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