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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CHF on the date 5 / 26 / 2014
OPEN 0.8962
HIGH 0.8966
LOW 0.8939
CLOSED 0.8946
The third resistance (R3) 0.8966 -( 0.8950 - 0.8939 = 0.0011 x 2 = 0.0023 )= 0.8989
The second Resistance (R2) 0.8950 + 0.8966 - 0.8939 = 0.8977
First resistance (R1) 0.8950 x 2 = 1.7901 - 0.8939 = 0.8962
pivot points 0.8966 + 0.8939 + 0.8946 = 2.6851 / 3 = 0.8950
Support for the first (S1) 0.8950 x 2 = 1.7901 - 0.8966 = 0.8935
Support second (S2) 0.8950 -( 0.8966 - 0.8939 = 0.0027 ) = 0.8923
Third Support (S3) 0.8939 -( 0.8966 - 0.8950 = 0.0016 x 2 = 0.0031 )= 0.8908
analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/CHF on the date 5 / 26 / 2014
OPEN 0.8962
HIGH 0.8966
LOW 0.8939
CLOSED 0.8946
The third resistance (R3) 0.8966 -( 0.8950 - 0.8939 = 0.0011 x 2 = 0.0023 )= 0.8989
The second Resistance (R2) 0.8950 + 0.8966 - 0.8939 = 0.8977
First resistance (R1) 0.8950 x 2 = 1.7901 - 0.8939 = 0.8962
pivot points 0.8966 + 0.8939 + 0.8946 = 2.6851 / 3 = 0.8950
Support for the first (S1) 0.8950 x 2 = 1.7901 - 0.8966 = 0.8935
Support second (S2) 0.8950 -( 0.8966 - 0.8939 = 0.0027 ) = 0.8923
Third Support (S3) 0.8939 -( 0.8966 - 0.8950 = 0.0016 x 2 = 0.0031 )= 0.8908
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