7/21/2010 - EUR/USD - THE VULCAN REPORT Review of Euro Currency FOREX (EUR/USD) as of Tuesday, July 20, 2010

 THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Tuesday, July 20, 2010

Today's Price Action

Change   -0.0058 (-0.45%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     41.48
Swing Vix:     42.20

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-Sold Buy 28 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, Euro Currency FOREX's price has been unchanged, and has ranged from a high of 1.3027 to a low of 1.2838.
     
       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. -   1.2639
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   1.2779


         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.2984
SUPPORT   1.2881

       WEEKLY PRICE PROJECTIONS
   RESISTANCE   1.3027
   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 7/20/2010, Euro Currency FOREX closed 
below the upper band by 18.2%.

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 - (PANDORA'S LITTLE BLACK BOX)

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!

 

 

Risk Disclosure

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.



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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