7/23/2010 - USD/JPY - THE VULCAN REPORT Review of US Dollar Yen FOREX (USD/JPY) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of US Dollar Yen FOREX (USD/JPY)
as of Friday, July 23, 2010


Today's Price Action


Change    0.4100 (0.47%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:    -20.62
Swing Vix:    -22.26


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-Sold Buy 14 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, US Dollar Yen FOREX's price has been unchanged, and has ranged from a high of 87.5000 to a low of 86.7300.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution-The DownTrend is still entact with prices holding below trendline resistance at-  89.8800.


        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. -  89.8800
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  89.6272 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  87.4420 


INTRADAY PRICE PROJECTIONS
RESISTANCE  87.3268
SUPPORT  86.9033


WEEKLY PRICE PROJECTIONS
RESISTANCE  88.4900
SUPPORT  86.3300


Long term Trend Line resistance is currently at -  89.8800
Long term Trend Line support is currently at -  84.7800
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  74.5800


BEAR MARKET PLUNGE PROTECTION TEAM CIRCUIT BREAKERS


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  64.3800
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  54.1800
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  43.9800


VOLATILITY
On 7/23/2010, US Dollar Yen FOREX closed   
above the lower band by 33.4%.
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.


     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


SHORT Signals :  


 SHORT POSITIONS FOR THIS SECURITY ARE 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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