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

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

Today's Price Action

Change    0.0166 (1.60%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -22.73
Swing Vix:    -23.63

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    0 period(s) ago.This means that positive momentum has entered 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-Bought Sell  8 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, Canadian Dollar FOREX's price has been unchanged, and has ranged from a high of 1.0557 to a low of 1.0376.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above   1.0481 is needed to re-establish the upward trend. However A close below   1.0390 will establish a new downward trend.
        TREND STRENGTH -
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -   1.0821
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -   1.0394
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   1.0426
Today's Rally pushed prices on the close above the short term trendline support

         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.0516
        SUPPORT   1.0417

       WEEKLY PRICE PROJECTIONS
       RESISTANCE   1.0676
       SUPPORT   1.0276

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -   1.0821
Long term Trend Line support is currently at -   0.9929
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   0.8145
   
       VOLATILITY
On 7/16/2010, Canadian Dollar FOREX closed 
below the upper band by 28.1%.


     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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