For my own use the program also generates buy and sell signals as well as overbought/oversold readings which I use in conjunction with the other daily data to develop my strading strategies and tactics for the coming day.

These data are generated using bid/offer levels as shown on the OANDA trading platform. While this is by no means an infallible trading system, it does generate highly satisfactory results for me.

The InS, KyS, InR and KyR data are generated using the prior days daily trading range and NY closing price in a modified Pivot Point formula (loosely based on Fibonacci series) to project likely price levels at which support and resistance will develop. The ProjLo and ProjHi data are calculated using the range of the prior trading day and the average deviation from the prior close to the up and downside. Crude but interesting information I am finding.

Intraday, prices frequently will trade to a projected S/R level only to fail to generate further trend momentum. If a second test of that level occurs then one can logically expect the nest S/R level to be tested. Failures typically will see the opposite extreme tested and so on. The most significant occurence however is the KyR/KyS breakout which generally is followed by an extension of that trend.

Since this is a website in development, look for this page in particular to be subject to change so please feel free to check back often. Also if anyone would like to discuss the topic further please feel free to email me at FX Analytics.