analysis for today
Below is the formula for determining the pivot point, support, and resistance.
GBPAUD information candle OPEN 1.8088
HIGH 1.8143
LOW 1.7951
CLOSED 1.7958 Prisoners
third (R3) 1.8143 - (1.8017 - 1.7951 = 0.0066 x 2 = 0.0133) = 1.8276
The second resistance (R2) is 1.8017 + 1.8143 - 1.7951 = 1.8209
The first resistance (R1) is 1.8017 x 2 = 3.6035 - 1.7951 = 1.8084
pivot points 1.8143 + 1.7951 + 1.7958 = 5.4052 / 3 = 1.8017
Support for the first (S1) 1.8017 x 2 = 3.6035 - 1.8143 = 1.7892
The second support (S2) is 1.8017 - (1.8143 - 1.7951 = 0.0192) = 1.7825
Third Support (S3) 1.7951 - (1.8143 - 1.8017 = 0.0126 x 2 = 0.0251) = 1.7700


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