Review of $13DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Friday, July 15, 2011
Today's Price Action
Change -0.1100 (-0.15%) with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 3.09
Swing Vix: 3.74
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-Sold Buy 50 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, $13DX - US DOLLAR INDEX ICE Continuous's price has been unchanged, and has ranged from a high of 75.74 to a low of 75.29.
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. - 77.64
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 75.45
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 75.59
INTRADAY PRICE PROJECTIONS
RESISTANCE 75.76
SUPPORT 75.27
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 77.17
PulseWave BreakOut SUPPORT - 74.50
VOLATILITY
On 7/15/2011, $13DX - US DOLLAR INDEX ICE Continuous closed
below the upper band by 49.5%.
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.HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occurred
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