THE VULCAN REPORT Review of AUD/USD - US DOLLAR AUSSIE (AUD/USD) as of Monday, May 10, 2010

05-11-10 06:13 AM



The Vulcan Report (37) - 11 May 2010 - Its Time to Drain The Banks




THE VULCAN REPORT
Review of AUD/USD - US DOLLAR AUSSIE (AUD/USD)
as of Monday, May 10, 2010



CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 6 white "UP" candles and 3 black "DOWN" candles for a net of 3 white (UP) candles.

During the past 50 bars, there have been 26 white "UP" candles and 22 black "DOWN" candles for a net of 4 white (UP) candles.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.




PulseScan Swing Vix Swing Index

PulseScan: -17.10
Swing Vix: -18.75

Currently The Market Pulse is negative since it is trading below its signal line.The PulseScan crossed above the Swing Vix 0 period(s) ago.


PulseScan LONG ENTRY :

,,

Possible Bullish Consolidation Break-Out @
BREAK OUT 91.00
Profit Target 93.07
Stop Loss/Stop & Reverse 88.83

,,2nd-VCB GO LONG @
BREAK OUT 93.24
Profit Target 93.07
Stop Loss/Stop & Reverse 88.83



Swing Vix SHORT ENTRY :

,,





,,2nd-VCB GO SHORT @
BREAK DOWN 87.16
Profit Target 86.91
Stop Loss/Stop & Reverse 91.14



The Trend Channel is UP! (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days
,
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Sold Buy 95 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
Since the Swing Vix crossed its moving average, AUD/USD - US DOLLAR AUSSIE's price has been unchanged, and has ranged from a high of 90.760 to a low of 89.220.

MARKET TREND

Currently the TREND is Bullish-Retracement- Up.
The current market condition for AUD/USD - US DOLLAR AUSSIE is:

Mildly Bullish\

The close is currently Above it's 264 Long Term period moving average. 85.52
The close is currently Below it's 40 Intermediate Term period moving average. 91.23
The close is currently Below it's 10 Short Term period moving average. 91.11

Volatility

On 5/10/2010, AUD/USD - US DOLLAR AUSSIE closed above the lower band by 23.6%. 40.80% wider than normal. The large width of the bands suggest high volatility as compared to AUD/USD - US DOLLAR AUSSIE's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 2 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.

Attachment: aud usd - 11 may 2010.pdf
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