THE VULCAN REPORT Review of $1$USD/CAD - FOREX CANADIAN DOLLAR ($1$USD/CAD) as of Wednesday, June 08, 2011

THE VULCAN REPORT
Review of $1$USD/CAD - FOREX CANADIAN DOLLAR ($1$USD/CAD)
as of Wednesday, June 08, 2011

Today's Price Action

Change    0.0048 (0.49%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     16.40
Swing Vix:     16.93

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 daysThe 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  6 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, $1$USD/CAD - FOREX CANADIAN DOLLAR's price has been unchanged, and has ranged from a high of 0.9819 to a low of 0.9736.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   0.9678
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   1.0004
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -   0.9704
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -   0.9763

INTRADAY PRICE PROJECTIONS
RESISTANCE   0.9800
SUPPORT   0.9755

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   0.9851
PulseWave BreakOut SUPPORT -   0.9730

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   1.2684
Long term Trend Line resistance is currently at -   1.0680
Long term Trend Line support is currently at -   0.9678

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =   1.8696
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =   1.6692
BUBBLE PHASE I - (24-36mo) PRICE TARGET =   1.4688

VOLATILITY
On 6/8/2011, $1$USD/CAD - FOREX CANADIAN DOLLAR closed  
below the upper band by 23.3%.
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.