9/29/2011 - EUR/USD - EURO DOLLAR CURRENCY

THE VULCAN REPORT
Review of $0$ FOREX - EUR/USD -  EURO DOLLAR CURRENCY ($EUR/USD SPOT)
as of Wednesday, September 28, 2011


Today's Price Action


Change  -53.0000 (-0.39%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -30.12
Swing Vix:    -31.41


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    1 period(s) ago. CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections  
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, $0$ FOREX - EUR/USD -  EURO DOLLAR CURRENCY's price has decreased 0.39%, and has ranged from a high of 13,689.00 to a low of 13,479.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.


        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 13,897.00


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 13,944.10




INTRADAY PRICE PROJECTIONS
RESISTANCE 13,745.33 -   


SUPPORT 13,429.33 - GO SHORT here 13,523.10 - place stoploss here 13,745.33 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 14,613.00-  


PulseWave BreakOut SUPPORT - 14,168.33-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 16,981.00
Long term Trend Line resistance is currently at - 14,925.00
Long term Trend Line support is currently at - 13,897.00


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 13,897.00
Long term Trend Line support is currently at - 12,869.00
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 10,813.00


VOLATILITY
On 9/28/2011, $0$ FOREX - EUR/USD -  EURO DOLLAR CURRENCY closed   
above the lower band by 25.0%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.