7/19/2010 - USD/CHF - THE VULCAN REPORT Review of US Dollar Swiss Franc FOREX (USD/CHF) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of US Dollar Swiss Franc FOREX (USD/CHF)
as of Friday, July 16, 2010

Today's Price Action

Change    0.0104 (1.00%)
Strong Bids into the close.


MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -37.28
Swing Vix:    -38.02

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   10 period(s) ago. However, the Swing Vix just crossed above -39 from a bottoming formation. This is a bullish sign.
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  0 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, US Dollar Swiss Franc FOREX's price has decreased 1.24%, and has ranged from a high of 1.0694 to a low of 1.0399.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution-The DownTrend is still entact with prices holding below trendline resistance at-   1.0835.
        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -   1.0835
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -   1.0919
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -   1.0566


         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.0509
        SUPPORT   1.0431

       WEEKLY PRICE PROJECTIONS
        RESISTANCE   1.0675
        SUPPORT   1.0479


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -   1.0835
Long term Trend Line support is currently at -   0.9956
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   0.8197


BEAR MARKET PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =   0.6438
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =   0.4679
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   0.2920
   
       VOLATILITY
On 7/16/2010, US Dollar Swiss Franc FOREX closed 
above the lower band by 26.9%.
This combined with the steep downtrend suggests that the downward 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 -   1.0548
   Profit Target   1.0911
   Stop Loss   1.0392



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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