7/19/2010 - AUD/USD - THE VULCAN REPORT Review of Australian Dollar FOREX (AUD/USD) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of Australian Dollar FOREX (AUD/USD)
as of Friday, July 16, 2010

Today's Price Action

Change   -1.4500 (-1.64%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     39.77
Swing Vix:     40.47

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
The last signal was a Over-Bought Sell 16 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
        Since the last Swing Vix signal, Australian Dollar FOREX's price has been unchanged, and has ranged from a high of 88.4400 to a low of 86.8100.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-  87.3650.
        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  87.3650
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  86.9576
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  87.2445


         INTRADAY PRICE PROJECTIONS
        RESISTANCE  88.0732
        SUPPORT  87.1768

       WEEKLY PRICE PROJECTIONS
       RESISTANCE  88.7000
       SUPPORT  83.1600

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 107.4800
Long term Trend Line resistance is currently at -  94.0700
Long term Trend Line support is currently at -  87.3650


BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 147.7100
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 134.3000
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 120.8900
   
       VOLATILITY
On 7/16/2010, Australian Dollar FOREX closed 
below the upper band by 43.9%.

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.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 
     
THIS SECURITY IS NOT IN PLAY AT THIS TIME!

BEAR MARKET LONG/SHORT Signals :  

THIS SECURITY IS NOT IN PLAY AT THIS TIME!


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.
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