THE VULCAN REPORT Review of /DX US DOLLAR INDEX (DX) as of Monday, June 13, 2016

THE VULCAN REPORT
Review of /DX US DOLLAR INDEX (DX)
as of Monday, June 13, 2016



Today's Price Action

Change   -0.4500 (-0.47%) prices closed lower than they opened. with weak Bids going into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     19.86
Swing Vix:     19.91

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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days


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

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 26 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, /DX US DOLLAR INDEX's price has been unchanged, and has ranged from a high of 95.5400 to a low of 94.1700.

             
     MARKET TREND - Currently the TREND is - Neutral within the Bullish KUMO Consolidation cloud (Possible Trend Reversal) with Downside Bearish Breakout risk. A close above  97.0800 is needed to re-establish the upward trend. However A close below  94.3100 will establish a new downward trend.

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  87.1550
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  96.2633
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  95.2272
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  94.7947
Today's Rally pushed prices on the close above the short term trendline support

INTRADAY PRICE PROJECTIONS
RESISTANCE  94.4782
SUPPORT  94.1015    

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  96.0650
PulseWave BreakOut SUPPORT -  91.7760

VOLATILITY
On 6/13/2016, /DX US DOLLAR INDEX closed  
above the lower band by 29.6%.
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.")  


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