http://prntscr.com/4abzv7
analysis for today 8 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 8 / 6 / 2014
OPEN 0.9277
HIGH 0.9279
LOW 0.9231
CLOSED 0.9251
The third resistance (R3) 0.9279 -( 0.9254 - 0.9231 = 0.0023 x 2 = 0.0045 )= 0.9324
The second Resistance (R2) 0.9254 + 0.9279 - 0.9231 = 0.9302
First resistance (R1) 0.9254 x 2 = 1.8507 - 0.9231 = 0.9276
pivot points 0.9279 + 0.9231 + 0.9251 = 2.7761 / 3 = 0.9254
Support for the first (S1) 0.9254 x 2 = 1.8507 - 0.9279 = 0.9228
Support second (S2) 0.9254 -( 0.9279 - 0.9231 = 0.0048 ) = 0.9206
Third Support (S3) 0.9231 -( 0.9279 - 0.9254 = 0.0025 x 2 = 0.0051 )= 0.9180
---------- Post added at 11:23 AM ---------- Previous post was at 11:03 AM ----------
http://prntscr.com/4abzv7
analysis for today 8 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 8 / 6 / 2014
OPEN 0.9277
HIGH 0.9279
LOW 0.9231
CLOSED 0.9251
The third resistance (R3) 0.9279 -( 0.9254 - 0.9231 = 0.0023 x 2 = 0.0045 )= 0.9324
The second Resistance (R2) 0.9254 + 0.9279 - 0.9231 = 0.9302
First resistance (R1) 0.9254 x 2 = 1.8507 - 0.9231 = 0.9276
pivot points 0.9279 + 0.9231 + 0.9251 = 2.7761 / 3 = 0.9254
Support for the first (S1) 0.9254 x 2 = 1.8507 - 0.9279 = 0.9228
Support second (S2) 0.9254 -( 0.9279 - 0.9231 = 0.0048 ) = 0.9206
Third Support (S3) 0.9231 -( 0.9279 - 0.9254 = 0.0025 x 2 = 0.0051 )= 0.9180