12/03/2014 - Cash is King. U.S. Dollar Strengthens

THE VULCAN REPORT
Review of /DX - us dollar index (DXc1)
as of Tuesday, December 02, 2014



    CHART PATTERNS

A big white candle occurred.  This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles for a net of 2 black (DOWN) candles.

During the past 50 bars, there have been 25 white "UP"  candles and 24 black "DOWN" candles for a net of 1 white (UP) candles.

An engulfing bullish line occurred (where a white candle's real body completely contains the previous black candle's real body).  The engulfing bullish pattern is bullish during a downtrend.  It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with /DX - us dollar index), it may be a last engulfing top which indicates a top.  The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.



PulseScan Swing Vix              Swing Index

PulseScan:      2.84
Swing Vix:      3.18

Currently The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   1 period(s) ago.
The last signal was a -SWING VIX Sell  1 period(s) Ago.


PulseScan LONG ENTRY :  

   1st PulseWave BreakOut - CONFIRMATION - GO LONG @
   BREAK OUT    89.07
   Profit Target    89.93
   Stop Loss/Stop & Reverse    87.97,Hold longs - 1st PulseWave - from    88.33
,

2nd PulseWave BreakOut CONFIRMATION - GO LONG @
BREAK OUT    89.07
Profit Target    89.93
Stop Loss/Stop & Reverse    87.97
,Hold longs - 2nd PulseWave -  from    88.54,



Swing Vix SHORT ENTRY :

       ,,
Possible Bearish Consolidation Break-Down  @
        BREAK OUT    87.74
   Profit Target    87.01
   Stop Loss/Stop & Reverse    89.07



,,
  The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
The current market condition for /DX - us dollar index is:

       Very Bullish\

The close is currently Above it's Long Term period moving average. 82.9239
The close is currently Above  it's Intermediate Term period moving average. 87.8365
The close is currently Above  it's Short Term period moving average. 88.2822
   
    Volatility

On 12/2/2014, /DX - us dollar index closed above the upper band by 10.9%.  Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current trading range that /DX - us dollar index is in to continue.  30.04% narrower than normal.  Remaining neutral.  


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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