9/1/2011 -EUR-USD

THE VULCAN REPORT
Review of $0$ /M6E - E-MICRO EUR-USD Continuous (@:ECMc1#I)
as of Wednesday, August 31, 2011


Today's Price Action


Change   -0.0074 (-0.51%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     21.33
Swing Vix:     23.94


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-Bought Sell 57 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, $0$ /M6E - E-MICRO EUR-USD Continuous's price has decreased 0.51%, and has ranged from a high of 1.4529 to a low of 1.4358.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        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.,,BULLISH 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. -   1.3984




INTRADAY PRICE PROJECTIONS
RESISTANCE   1.4471 -  GO LONG here   1.4505 place stoploss here   1.4289


SUPPORT   1.4353 - GO SHORT here   1.4289 - place stoploss here   1.4505 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -   1.4657- GO LONG here   1.4657 place stoploss here   1.4289


PulseWave BreakOut SUPPORT -   1.4163-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   1.7262
Long term Trend Line resistance is currently at -   1.4925
Long term Trend Line support is currently at -   1.3756




VOLATILITY
On 8/31/2011, $0$ /M6E - E-MICRO EUR-USD Continuous closed   
below the upper band by 45.1%.