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analysis for today 8 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR / USD on the date 8 / 4 / 2014
OPEN 1.3429
HIGH 1.3431
LOW 1.3407
CLOSED 1.3420
The third resistance (R3) 1.3431 -( 1.3419 - 1.3407 = 0.0012 x 2 = 0.0025 )= 1.3456
The second Resistance (R2) 1.3419 + 1.3431 - 1.3407 = 1.3443
First resistance (R1) 1.3419 x 2 = 2.6839 - 1.3407 = 1.3432
pivot points 1.3431 + 1.3407 + 1.3420 = 4.0258 / 3 = 1.3419
Support for the first (S1) 1.3419 x 2 = 2.6839 - 1.3431 = 1.3408
Support second (S2) 1.3419 -( 1.3431 - 1.3407 = 0.0024 ) = 1.3395
Third Support (S3) 1.3407 -( 1.3431 - 1.3419 = 0.0012 x 2 = 0.0023 )= 1.3384
analysis for today 8 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR / USD on the date 8 / 4 / 2014
OPEN 1.3429
HIGH 1.3431
LOW 1.3407
CLOSED 1.3420
The third resistance (R3) 1.3431 -( 1.3419 - 1.3407 = 0.0012 x 2 = 0.0025 )= 1.3456
The second Resistance (R2) 1.3419 + 1.3431 - 1.3407 = 1.3443
First resistance (R1) 1.3419 x 2 = 2.6839 - 1.3407 = 1.3432
pivot points 1.3431 + 1.3407 + 1.3420 = 4.0258 / 3 = 1.3419
Support for the first (S1) 1.3419 x 2 = 2.6839 - 1.3431 = 1.3408
Support second (S2) 1.3419 -( 1.3431 - 1.3407 = 0.0024 ) = 1.3395
Third Support (S3) 1.3407 -( 1.3431 - 1.3419 = 0.0012 x 2 = 0.0023 )= 1.3384
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