7/26/2010 - USD/CHF - THE VULCAN REPORT Review of US Dollar Swiss Franc FOREX (USD/CHF) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of US Dollar Swiss Franc FOREX (USD/CHF)
as of Friday, July 23, 2010


Today's Price Action


Change    0.0108 (1.04%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:    -17.27
Swing Vix:    -19.66


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   15 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-Sold Buy  5 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 1.06%, and has ranged from a high of 1.0694 to a low of 1.0394.


     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. -   1.0856 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -   1.0527 


INTRADAY PRICE PROJECTIONS
RESISTANCE   1.0527
SUPPORT   1.0442


WEEKLY PRICE PROJECTIONS
RESISTANCE   1.0560
SUPPORT   1.0394


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 7/23/2010, US Dollar Swiss Franc FOREX closed   
above the lower band by 39.7%.
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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