7/26/2010 - EUR/USD - THE VULCAN REPORT Review of Euro Currency FOREX (EUR/USD) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Friday, July 23, 2010


Today's Price Action


Change    0.0023 (0.18%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     27.74
Swing Vix:     29.45


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    3 period(s) ago. 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  2 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
      
  *Since the last Swing Vix signal, Euro Currency FOREX's price has increased 0.26% , and has ranged from a high of 1.3027 to a low of 1.2732.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        TREND STRENGTH - ,
There is currently no trend strenght reading at this time.


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. -   1.2660 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   1.2817 


INTRADAY PRICE PROJECTIONS
RESISTANCE   1.2926
SUPPORT   1.2832


WEEKLY PRICE PROJECTIONS
RESISTANCE   1.3027
SUPPORT   1.2732


VOLATILITY
On 7/23/2010, Euro Currency FOREX closed   
below the upper band by 22.0%.
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)


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


SHORT Signals :  


WARNING - Inside Day / Bullish Retracement pull back from previous high (Possible Breakdown below)   


        SHORT ENTRY-   1.2786
   Profit Target   1.2381
   Stop Loss   1.2972



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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