7/19/2010 - EUR/USD - THE VULCAN REPORT Review of Euro Currency FOREX (EUR/USD) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Friday, July 16, 2010

Today's Price Action

Change   -0.0020 (-0.15%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     42.38
Swing Vix:     42.01

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    3 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 26 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.
        Since the last Swing Vix signal, Euro Currency FOREX's price has increased 1.60% , and has ranged from a high of 1.3006 to a low of 1.2523.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is .
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -   1.3509
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -   1.2621
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   1.2716


         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.2980
        SUPPORT   1.2915

       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
   
       VOLATILITY
On 7/16/2010, Euro Currency FOREX closed 
below the upper band by 4.1%.

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)

BULL MARKET LONG/SHORT Signals : 
 
Positive Swing Vix with Bullish Momentum. - LONG ENTRY -   1.3012
   Profit Target   1.3291
   Stop Loss   1.2883


BEAR MARKET LONG/SHORT 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. 
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