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analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 18 / 2014
OPEN 1.0861
HIGH 1.0893
LOW 1.0835
CLOSED 1.0835
The third resistance (R3) 1.0893 -( 1.0854 - 1.0835 = 0.0019 x 2 = 0.0039 )= 1.0932
The second Resistance (R2) 1.0854 + 1.0893 - 1.0835 = 1.0912
First resistance (R1) 1.0854 x 2 = 2.1709 - 1.0835 = 1.0874
pivot points 1.0893 + 1.0835 + 1.0835 = 3.2563 / 3 = 1.0854
Support for the first (S1) 1.0854 x 2 = 2.1709 - 1.0893 = 1.0816
Support second (S2) 1.0854 -( 1.0893 - 1.0835 = 0.0058 ) = 1.0796
Third Support (S3) 1.0835 -( 1.0893 - 1.0854 = 0.0039 x 2 = 0.0077 )= 1.0758
analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 6 / 18 / 2014
OPEN 1.0861
HIGH 1.0893
LOW 1.0835
CLOSED 1.0835
The third resistance (R3) 1.0893 -( 1.0854 - 1.0835 = 0.0019 x 2 = 0.0039 )= 1.0932
The second Resistance (R2) 1.0854 + 1.0893 - 1.0835 = 1.0912
First resistance (R1) 1.0854 x 2 = 2.1709 - 1.0835 = 1.0874
pivot points 1.0893 + 1.0835 + 1.0835 = 3.2563 / 3 = 1.0854
Support for the first (S1) 1.0854 x 2 = 2.1709 - 1.0893 = 1.0816
Support second (S2) 1.0854 -( 1.0893 - 1.0835 = 0.0058 ) = 1.0796
Third Support (S3) 1.0835 -( 1.0893 - 1.0854 = 0.0039 x 2 = 0.0077 )= 1.0758
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