7/15/2010 - EUR/USD FOREX - THE VULCAN REPORT Review of Euro Currency FOREX (EUR/USD) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Wednesday, July 14, 2010

Today's Price Action

Change    0.0019 (0.15%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     40.69
Swing Vix:     40.59

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    1 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms before the underlying security.
 

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 24 period(s) Ago.

The Swing Vix does not currently show any Failure Swings.
The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.

        Since the last Swing Vix signal, Euro Currency FOREX's price has increased 0.15% , and has ranged from a high of 1.2776 to a low of 1.2523.

       MOMENTUM

     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below   1.2324 is needed to re-establish the downward trend. However a close above   1.2783 will establish a new upward trend.


        TREND STRENGTH -

The close is currently Below it's Long Term period moving average. -   1.3509
The close is currently Above  it's Intermediate Term period moving average. -   1.2599
The close is currently Above  it's Short Term period moving average. -   1.2607
      

         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.2755
        SUPPORT   1.2703

       WEEKLY PRICE PROJECTIONS
       RESISTANCE   1.2721
      SUPPORT   1.2523

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -   1.3509
Long term Trend Line support is currently at -   1.1876
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   0.8610

HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
    
       VOLATILITY

On 7/14/2010, Euro Currency FOREX closed  
below the upper band by 10.5%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.


     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals :  

SELL Signals : 




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.