THE VULCAN REPORT Review of /M6B - GBPUSD (/M6B - GBPUSD) as of Monday, June 22, 2016

THE VULCAN REPORT
Review of /M6B - GBPUSD (/M6B - GBPUSD)
as of Monday, June 22, 2016

Today's Price Action
Change   -1.4200 (-0.98%) prices closed higher than they opened.  with strong Bids going into the close.

    CHART PATTERNS
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white "UP" candles and 4 black "DOWN" candles  for a net of 2 white (UP) candles.
During the past 50 bars, there have been 25 white "UP"  candles and 25 black "DOWN" candles .







MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     -6.52
Swing Vix:     -1.14
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    2 period(s) ago.

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-Sold Buy 18 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
        *Since the last Swing Vix signal, /M6B - GBPUSD's price has decreased 1.67%, and has ranged from a high of 147.3900 to a low of 140.2100.

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

INTRADAY PRICE PROJECTIONS
RESISTANCE 144.1475
SUPPORT 143.1550    

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 147.5390
PulseWave BreakOut SUPPORT - 143.1550

VOLATILITY
On 6/13/2016, /M6B - GBPUSD closed  
below the upper band by 49.2%.



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