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Thread: Support and resistance

  1. #1
    Administrator funyoo's Avatar
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    Default Support and resistance



    An indicator that works like the famous "Support Resistance" with less memory charges.

    Download : Support and resistance (available in the Elite section).

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    The USD/JPY has been trading in a negative trend for the last three weeks and therefore, the momentum is bearish for the Dollar. The main support on the daily chart is 82.60. Overall, USD/JPY traded with a low of 82.70 and with a high of 83.24. No major economic data is expected today.

    Resistance
    R1 -83.15
    R2 -83.80
    R3 -84.00
    Support -82.70

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    Funyoo,

    What is this indicator in your post?

    Regards

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    Administrator funyoo's Avatar
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    Quote Originally Posted by tpwd64 View Post
    Funyoo,

    What is this indicator in your post?

    Regards
    Hi tpwd64,

    It is SR 1.04.mq4, a private indicator.

  5. #5
    Junior Member GationLi's Avatar
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    Default

    how can I download this indicator?

  6. #6
    Administrator funyoo's Avatar
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    Quote Originally Posted by GationLi View Post
    how can I download this indicator?
    Hi GationLi,

    You have to be an Elite member, more informations : http://www.tradingsystemforex.com/an...e-section.html

  7. #7
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    Pivot Points are also good for determining supports and resistances for a particular currency pair. Only you have to put some values in the pivot point calculator, and you will get resistance and support levels for a particular currency pair. There are so many currency pairs available in the internet you can find them.

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