7/14/2011 - US DOLLAR INDEX FUTURES

THE VULCAN REPORT
Review of US DOLLAR INDEX (US@DX.1)
as of Thursday, July 14, 2011


Today's Price Action


Change   -0.6050 (-0.80%) prices closed higher than they opened.  with strong Bids going into the close.


A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow).  This usually implies a continuation of a bearish trend.  There have been 3 falling windows in the last 50 candles--this makes the current falling window even more bearish.  The two candles preceding the falling window were black, which makes this pattern even more bearish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      9.09
Swing Vix:      8.99


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    5 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 24 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 INDEX's price has increased 0.16% , and has ranged from a high of  77.18 to a low of  74.99.


     MOMENTUM


     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-    78.79.


        TREND STRENGTH - ,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    78.79
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    77.54
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -    75.40 


The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -    75.61 
Today's Sell off pushed prices on the close below the short term trendline resistance


INTRADAY PRICE PROJECTIONS
RESISTANCE    75.51
SUPPORT    74.96


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    77.18
PulseWave BreakOut SUPPORT -    74.40


VOLATILITY
On 7/14/2011, US DOLLAR INDEX closed   
above the lower band by 47.2%.
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.     

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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