http://prntscr.com/3tx1p3
analysis for today 6 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 6 / 17 / 2014
OPEN 0.8431
HIGH 0.8435
LOW 0.8385
CLOSED 0.8396
The third resistance (R3) 0.8435 -( 0.8405 - 0.8385 = 0.0020 x 2 = 0.0041 )= 0.8476
The second Resistance (R2) 0.8405 + 0.8435 - 0.8385 = 0.8455
First resistance (R1) 0.8405 x 2 = 1.6811 - 0.8385 = 0.8426
pivot points 0.8435 + 0.8385 + 0.8396 = 2.5216 / 3 = 0.8405
Support for the first (S1) 0.8405 x 2 = 1.6811 - 0.8435 = 0.8376
Support second (S2) 0.8405 -( 0.8435 - 0.8385 = 0.0050 ) = 0.8355
Third Support (S3) 0.8385 -( 0.8435 - 0.8405 = 0.0030 x 2 = 0.0059 )= 0.8326


Thread: 
Thanks


Currently Active Users
Forex Forum India Statistics