http://prntscr.com/4thad0
analysis for today 10 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 10 / 3 / 2014
OPEN 95.38
HIGH 95.81
LOW 94.89
CLOSED 95.15
The third resistance (R3) 95.81 - ( 95.28 - 94.89 = 0.39 x 2 = 0.79 )= 96.60
The second Resistance (R2) 95.28 + 95.81 - 94.89 = 96.20
First resistance (R1) 95.28 x 2 = 190.57 - 94.89 = 95.68
pivot points 95.81 + 94.89 + 95.15 = 285.85 / 3 = 95.28
Support for the first (S1) 95.28 x 2 = 190.57 - 95.81 = 94.76
Support second (S2) 95.28 - ( 95.81 - 94.89 = 0.92 ) = 94.36
Third Support (S3) 94.89 - ( 95.81 - 95.28 = 0.53 x 2 = 1.05 )= 93.84