resistance/support

How do they calculate the resistance/support levels. I have noticed that the information is different based on the broker or site.

Because there are different methods in calculating support and resistances....For examples, some analysts use specific formulas to generate support & resistances like the ones calculated in pivots...Others use Fibos...Others use congestion areas highs & lows and so on...

That's why you will see different support and resistance levels on different websites based on the approach used by the analyst...


Thanks,

Nader

it depends on method of calculation .. i think that the easiest method is to look to 15 minute charts and you will see when the market turn the way ..

See http://www.forexfactory.com/showthread.php?t=86429