analysis for today 10 / 26 / 2015
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 10 / 23 / 2015
OPEN 1.3087
HIGH 1.3198
LOW 1.3039
CLOSED 1.3166
The third resistance (R3) 1.3198 -( 1.3134 - 1.3039 = 0.0095 x 2 = 0.0191 )= 1.3389
The second Resistance (R2) 1.3134 + 1.3198 - 1.3039 = 1.3293
First resistance (R1) 1.3134 x 2 = 2.6269 - 1.3039 = 1.3230
pivot points 1.3198 + 1.3039 + 1.3166 = 3.9403 / 3 = 1.3134
Support for the first (S1) 1.3134 x 2 = 2.6269 - 1.3198 = 1.3071
Support second (S2) 1.3134 -( 1.3198 - 1.3039 = 0.0159 ) = 1.2975
Third Support (S3) 1.3039 -( 1.3198 - 1.3134 = 0.0064 x 2 = 0.0127 )= 1.2912
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CAD on the date 10 / 23 / 2015
OPEN 1.3087
HIGH 1.3198
LOW 1.3039
CLOSED 1.3166
The third resistance (R3) 1.3198 -( 1.3134 - 1.3039 = 0.0095 x 2 = 0.0191 )= 1.3389
The second Resistance (R2) 1.3134 + 1.3198 - 1.3039 = 1.3293
First resistance (R1) 1.3134 x 2 = 2.6269 - 1.3039 = 1.3230
pivot points 1.3198 + 1.3039 + 1.3166 = 3.9403 / 3 = 1.3134
Support for the first (S1) 1.3134 x 2 = 2.6269 - 1.3198 = 1.3071
Support second (S2) 1.3134 -( 1.3198 - 1.3039 = 0.0159 ) = 1.2975
Third Support (S3) 1.3039 -( 1.3198 - 1.3134 = 0.0064 x 2 = 0.0127 )= 1.2912
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