Review of $0$ EUR/USD FOREX EURO DOLLAR CURRENCY ($EUR/USD SPOT)
as of Tuesday, August 02, 2011
Today's Price Action
Change -0.0046 (-0.32%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 15.70
Swing Vix: 19.93
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 37 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, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY's price has decreased 0.32%, and has ranged from a high of 1.4452 to a low of 1.4150.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 1.3756.
TREND STRENGTH - Bearish KUMO-BREAKDOWN,,,BEARISH 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. - 1.3916
INTRADAY PRICE PROJECTIONS
RESISTANCE 1.4289 place stoploss here
SUPPORT 1.4143 GO SHORT here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.4632
PulseWave BreakOut SUPPORT - 1.4163
VOLATILITY
On 8/2/2011, $0$ EUR/USD FOREX EURO DOLLAR CURRENCY closed
above the lower band by 43.1%.
=============================================
THE VULCAN REPORT
Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I)
as of Tuesday, August 02, 2011
Today's Price Action
Change -1.7000 (-1.79%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -18.46
Swing Vix: -11.22
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 4 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 79 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has decreased 4.09%, and has ranged from a high of 99.50 to a low of 93.08.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 92.79.
TREND STRENGTH - Bearish KUMO-BREAKDOWN,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 92.79
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 92.56
INTRADAY PRICE PROJECTIONS
RESISTANCE 95.81 place stoploss here GO LONG here
SUPPORT 92.95 GO SHORT here place stoploss here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 102.06 place stoploss here
PulseWave BreakOut SUPPORT - 92.13 GO SHORT here
VOLATILITY
On 8/2/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed below the lower band by 10.5%.
================================================
THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Tuesday, August 02, 2011
Today's Price Action
Change 0.1300 (0.17%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -26.93
Swing Vix: -29.74
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 3 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-Sold Buy 3 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has increased 0.51% , and has ranged from a high of 74.91 to a low of 73.66.
MOMENTUM
MARKET TREND - Currently the TREND is .
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. - 78.25
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 77.31
INTRADAY PRICE PROJECTIONS
RESISTANCE 74.94 place stoploss here
SUPPORT 74.31 GO SHORT here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 75.10 place stoploss here
PulseWave BreakOut SUPPORT - 73.06 GO SHORT here
Long term Trend Line resistance is currently at - 78.25
Long term Trend Line support is currently at - 72.86
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 62.08
DEFLATED BUBBLE PHASE I - (24-36mo) PRICE DESTRUCTION TARGET = 51.31
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 40.53
DEFLATED BUBBLE PHASE 3 - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = 29.76
VOLATILITY
On 8/2/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed
above the lower band by 38.9%.
=================================================
THE VULCAN REPORT
Review of $0$ XAU/USD - GOLD Spot (XAU USD)
as of Tuesday, August 02, 2011
Today's Price Action
Change 40.0000 (2.47%) prices closed higher than they opened. with strong Bids going into the close.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 , 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.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 38.61
Swing Vix: 38.86
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 2 period(s) ago.
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 1 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix 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, $0$ XAU/USD - GOLD Spot's price has increased 2.04% , and has ranged from a high of 1,664.50 to a low of 1,608.20.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,427.55
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,412.82
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,666.79 GO LONG here
SUPPORT 1,616.52 place stoploss here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,622.17
PulseWave BreakOut SUPPORT - 1,566.17
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,138.39
Long term Trend Line resistance is currently at - 1,664.50
Long term Trend Line support is currently at - 1,427.55
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 3,560.06
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,086.17
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,612.28
VOLATILITY
On 8/2/2011, $0$ XAU/USD - GOLD Spot closed above the upper band by 1.5%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
===================================================
THE VULCAN REPORT
Review of $0$ XAG/USD - SILVER Spot (XAG USD)
as of Tuesday, August 02, 2011
Today's Price Action
Change 1.5800 (4.02%) prices closed higher than they opened. with strong Bids going into the close.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 , 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.
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 $0$ XAG/USD - SILVER Spot), 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.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 24.87
Swing Vix: 26.69
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 4 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 10 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, $0$ XAG/USD - SILVER Spot's price has increased 1.52% , and has ranged from a high of 41.46 to a low of 39.04.
MOMENTUM
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 35.59 is needed to re-establish the downward trend. However a close above 41.06 will establish a new upward trend.
TREND STRENGTH - ,,,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 33.78
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.73
INTRADAY PRICE PROJECTIONS
RESISTANCE 40.96 GO LONG here
SUPPORT 39.13 place stoploss here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 41.96
PulseWave BreakOut SUPPORT - 38.43
VOLATILITY
On 8/2/2011, $0$ XAG/USD - SILVER Spot closed
below the upper band by 20.5%.
======================================================
THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, August 02, 2011
Today's Price Action
Change -55.0000 (-2.35%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -21.52
Swing Vix: -13.29
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 4 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 15 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.
*Since the last Swing Vix signal, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has decreased 3.01%, and has ranged from a high of 2,425.75 to a low of 2,285.75.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,204.24
INTRADAY PRICE PROJECTIONS
RESISTANCE 2,358.73 place stoploss here
SUPPORT 2,282.27 GO SHORT here
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,467.50 GO LONG here
PulseWave BreakOut SUPPORT - 2,286.17 place stoploss here
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,123.68
Long term Trend Line resistance is currently at - 2,435.50
Long term Trend Line support is currently at - 2,091.41
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 5,188.22
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 4,500.04
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,811.86
VOLATILITY
On 8/2/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed below the lower band by 9.6%.
