http://prntscr.com/43vc5j
analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 7 / 17 / 2014
OPEN 0.8413
HIGH 0.8427
LOW 0.8385
CLOSED 0.8390
The third resistance (R3) 0.8427 -( 0.8401 - 0.8385 = 0.0016 x 2 = 0.0031 )= 0.8458
The second Resistance (R2) 0.8401 + 0.8427 - 0.8385 = 0.8443
First resistance (R1) 0.8401 x 2 = 1.6801 - 0.8385 = 0.8416
pivot points 0.8427 + 0.8385 + 0.8390 = 2.5202 / 3 = 0.8401
Support for the first (S1) 0.8401 x 2 = 1.6801 - 0.8427 = 0.8374
Support second (S2) 0.8401 -( 0.8427 - 0.8385 = 0.0042 ) = 0.8359
Third Support (S3) 0.8385 -( 0.8427 - 0.8401 = 0.0026 x 2 = 0.0053 )= 0.8332


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