http://prntscr.com/416ckv
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 7 / 9 / 2014
OPEN 95.41
HIGH 95.65
LOW 95.36
CLOSED 95.61
The third resistance (R3) 95.65 - ( 95.54 - 95.36 = 0.18 x 2 = 0.36 )= 96.01
The second Resistance (R2) 95.54 + 95.65 - 95.36 = 95.83
First resistance (R1) 95.54 x 2 = 191.08 - 95.36 = 95.72
pivot points 95.65 + 95.36 + 95.61 = 286.62 / 3 = 95.54
Support for the first (S1) 95.54 x 2 = 191.08 - 95.65 = 95.43
Support second (S2) 95.54 - ( 95.65 - 95.36 = 0.29 ) = 95.25
Third Support (S3) 95.36 - ( 95.65 - 95.54 = 0.11 x 2 = 0.22 )= 95.14