analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 5 / 20 / 2014
OPEN 1.5882
HIGH 1.5988
LOW 1.5872
CLOSED 1.5975
The third resistance (R3) 1.5988 -( 1.5945 - 1.5872 = 0.0073 x 2 = 0.0146 )= 1.6134
The second Resistance (R2) 1.5945 + 1.5988 - 1.5872 = 1.6061
First resistance (R1) 1.5945 x 2 = 3.1890 - 1.5872 = 1.6018
pivot points 1.5988 + 1.5872 + 1.5975 = 4.7835 / 3 = 1.5945
Support for the first (S1) 1.5945 x 2 = 3.1890 - 1.5988 = 1.5902
Support second (S2) 1.5945 -( 1.5988 - 1.5872 = 0.0116 ) = 1.5829
Third Support (S3) 1.5872 -( 1.5988 - 1.5945 = 0.0043 x 2 = 0.0086 )= 1.5786
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 5 / 20 / 2014
OPEN 1.5882
HIGH 1.5988
LOW 1.5872
CLOSED 1.5975
The third resistance (R3) 1.5988 -( 1.5945 - 1.5872 = 0.0073 x 2 = 0.0146 )= 1.6134
The second Resistance (R2) 1.5945 + 1.5988 - 1.5872 = 1.6061
First resistance (R1) 1.5945 x 2 = 3.1890 - 1.5872 = 1.6018
pivot points 1.5988 + 1.5872 + 1.5975 = 4.7835 / 3 = 1.5945
Support for the first (S1) 1.5945 x 2 = 3.1890 - 1.5988 = 1.5902
Support second (S2) 1.5945 -( 1.5988 - 1.5872 = 0.0116 ) = 1.5829
Third Support (S3) 1.5872 -( 1.5988 - 1.5945 = 0.0043 x 2 = 0.0086 )= 1.5786
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