THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Friday, August 12, 2011
Today's Price Action
Change prices closed lower than they opened. with weak Bids going into the close. 0.0500 (0.07%)
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 2.04
Swing Vix: 2.08
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 1 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 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has increased 0.07% , and has ranged from a high of 75.39 to a low of 74.45.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above 75.35 is needed to re-establish the upward trend. However A close below 74.72 will establish a new downward trend.
TREND STRENGTH - ,,,
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 78.25
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 77.15
INTRADAY PRICE PROJECTIONS
RESISTANCE 75.08 -
SUPPORT 74.46 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 76.55-
PulseWave BreakOut SUPPORT - 73.06-
VOLATILITY
On 8/12/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed
below the upper band by 45.4%.
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