http://prntscr.com/4hvs1n
analysis for today 9 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 8 / 29 / 2014
OPEN 96.97
HIGH 97.20
LOW 96.86
CLOSED 97.13
The third resistance (R3) 97.20 - ( 97.06 - 96.86 = 0.20 x 2 = 0.41 )= 97.61
The second Resistance (R2) 97.06 + 97.20 - 96.86 = 97.40
First resistance (R1) 97.06 x 2 = 194.13 - 96.86 = 97.27
pivot points 97.20 + 96.86 + 97.13 = 291.19 / 3 = 97.06
Support for the first (S1) 97.06 x 2 = 194.13 - 97.20 = 96.93
Support second (S2) 97.06 - ( 97.20 - 96.86 = 0.34 ) = 96.72
Third Support (S3) 96.86 - ( 97.20 - 97.06 = 0.14 x 2 = 0.27 )= 96.59