THE VULCAN REPORT
Review of $0$ EUR/USD FOREX EURO DOLLAR CURRENCY ($EUR/USD SPOT)
as of Friday, August 12, 2011
Today's Price Action
Change 0.0008 (0.06%) prices closed higher than they opened. with strong Bids going into the close.
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: -11.00
Swing Vix: -10.70
The Market Pulse is negative since it is trading below 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 45 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, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY's price has been unchanged, and has ranged from a high of 1.4290 to a low of 1.4150.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 1.3756Slightly Bearish - .
TREND STRENGTH - ,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.3756
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.3940
INTRADAY PRICE PROJECTIONS
RESISTANCE 1.4297 - GO LONG here 1.4369 place stoploss here 1.4089
SUPPORT 1.4143 - GO SHORT here 1.4089 - place stoploss here 1.4369
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.4562-
PulseWave BreakOut SUPPORT - 1.3902- GO SHORT here 1.3902 place stoploss here 1.4369
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 1.3756
Long term Trend Line support is currently at - 1.2586
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1.0247
VOLATILITY
On 8/12/2011, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY closed
above the lower band by 43.6%.
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