http://prntscr.com/3ulo65
analysis for today 6 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 6 / 19 / 2014
OPEN 1.2176
HIGH 1.2185
LOW 1.2152
CLOSED 1.2164
The third resistance (R3) 1.2185 -( 1.2167 - 1.2152 = 0.0015 x 2 = 0.0030 )= 1.2215
The second Resistance (R2) 1.2167 + 1.2185 - 1.2152 = 1.2200
First resistance (R1) 1.2167 x 2 = 2.4334 - 1.2152 = 1.2182
pivot points 1.2185 + 1.2152 + 1.2164 = 3.6501 / 3 = 1.2167
Support for the first (S1) 1.2167 x 2 = 2.4334 - 1.2185 = 1.2149
Support second (S2) 1.2167 -( 1.2185 - 1.2152 = 0.0033 ) = 1.2134
Third Support (S3) 1.2152 -( 1.2185 - 1.2167 = 0.0018 x 2 = 0.0036 )= 1.2116
analysis for today 6 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 6 / 19 / 2014
OPEN 1.2176
HIGH 1.2185
LOW 1.2152
CLOSED 1.2164
The third resistance (R3) 1.2185 -( 1.2167 - 1.2152 = 0.0015 x 2 = 0.0030 )= 1.2215
The second Resistance (R2) 1.2167 + 1.2185 - 1.2152 = 1.2200
First resistance (R1) 1.2167 x 2 = 2.4334 - 1.2152 = 1.2182
pivot points 1.2185 + 1.2152 + 1.2164 = 3.6501 / 3 = 1.2167
Support for the first (S1) 1.2167 x 2 = 2.4334 - 1.2185 = 1.2149
Support second (S2) 1.2167 -( 1.2185 - 1.2152 = 0.0033 ) = 1.2134
Third Support (S3) 1.2152 -( 1.2185 - 1.2167 = 0.0018 x 2 = 0.0036 )= 1.2116
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