7/26/2010 - GPB/USD -THE VULCAN REPORT Review of Brittish Pound FOREX (GBP USD) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of Brittish Pound FOREX (GBP USD)
as of Friday, July 23, 2010


Today's Price Action
Change    0.0259 (1.71%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:      9.41
Swing Vix:      9.98


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. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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 11 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, Brittish Pound FOREX's price has increased 1.05% , and has ranged from a high of 1.5448 to a low of 1.5123.


MOMENTUM


MARKET TREND - Currently the TREND is .


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. -   1.5635


The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -   1.5022 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   1.5240 


INTRADAY PRICE PROJECTIONS
RESISTANCE   1.5403
SUPPORT   1.5293


WEEKLY PRICE PROJECTIONS
RESISTANCE   1.5470
SUPPORT   1.5123


VOLATILITY
On 7/23/2010, Brittish Pound FOREX closed   above the upper band by 0.3%.
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 :   
   Possible IntraDay BreakOut RALLY ALERT - (Market Bottom) Possible Breakout is likely due to strong market pulse projections   WARNING - Possible Upper Volatiltiy Band BreakOut   Bullish Momentum Strengthening (Phase I).     


       LONG ENTRY-   1.5458
   Profit Target   1.6172
   Stop Loss   1.5238


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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