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analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 7 / 2 / 2014
OPEN 1.7149
HIGH 1.7175
LOW 1.7139
CLOSED 1.7165
The third resistance (R3) 1.7175 -( 1.7160 - 1.7139 = 0.0021 x 2 = 0.0041 )= 1.7216
The second Resistance (R2) 1.7160 + 1.7175 - 1.7139 = 1.7196
First resistance (R1) 1.7160 x 2 = 3.4319 - 1.7139 = 1.7180
pivot points 1.7175 + 1.7139 + 1.7165 = 5.1479 / 3 = 1.7160
Support for the first (S1) 1.7160 x 2 = 3.4319 - 1.7175 = 1.7144
Support second (S2) 1.7160 -( 1.7175 - 1.7139 = 0.0036 ) = 1.7124
Third Support (S3) 1.7139 -( 1.7175 - 1.7160 = 0.0015 x 2 = 0.0031 )= 1.7108
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 7 / 2 / 2014
OPEN 1.7149
HIGH 1.7175
LOW 1.7139
CLOSED 1.7165
The third resistance (R3) 1.7175 -( 1.7160 - 1.7139 = 0.0021 x 2 = 0.0041 )= 1.7216
The second Resistance (R2) 1.7160 + 1.7175 - 1.7139 = 1.7196
First resistance (R1) 1.7160 x 2 = 3.4319 - 1.7139 = 1.7180
pivot points 1.7175 + 1.7139 + 1.7165 = 5.1479 / 3 = 1.7160
Support for the first (S1) 1.7160 x 2 = 3.4319 - 1.7175 = 1.7144
Support second (S2) 1.7160 -( 1.7175 - 1.7139 = 0.0036 ) = 1.7124
Third Support (S3) 1.7139 -( 1.7175 - 1.7160 = 0.0015 x 2 = 0.0031 )= 1.7108
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