http://prntscr.com/3snby7
analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 6 / 13 / 2014
OPEN 95.79
HIGH 96.08
LOW 95.56
CLOSED 95.87
The third resistance (R3) 96.08 - ( 95.84 - 95.56 = 0.28 x 2 = 0.55 )= 96.63
The second Resistance (R2) 95.84 + 96.08 - 95.56 = 96.36
First resistance (R1) 95.84 x 2 = 191.67 - 95.56 = 96.11
pivot points 96.08 + 95.56 + 95.87 = 287.51 / 3 = 95.84
Support for the first (S1) 95.84 x 2 = 191.67 - 96.08 = 95.59
Support second (S2) 95.84 - ( 96.08 - 95.56 = 0.52 ) = 95.32
Third Support (S3) 95.56 - ( 96.08 - 95.84 = 0.24 x 2 = 0.49 )= 95.07


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