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THE VULCAN REPORT

|Includes: iPath EUR/USD Exchange Rate ETN (ERO)
THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Friday, June 25, 2010



    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 23 white "UP"  candles and 25 black "DOWN" candles for a net of 2 black (DOWN) candles.

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.



PulseScan Swing Vix              Swing Index

PulseScan:     25.47
Swing Vix:     26.24

The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   2 period(s) ago.

 The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum has entered 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 11 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
        Since the Swing Vix crossed its moving average, Euro Currency FOREX's price has increased 0.61% , and has ranged from a high of 1.2393 to a low of 1.2209.

     MARKET TREND

Currently the TREND is Bearish-Retracement- Down.
Today's Trend Momentum reading for Euro Currency FOREX is:

       \Bearish

The close is currently Below it's Long Term period moving average.  1.3509
The close is currently Below  it's Intermediate Term period moving average.  1.2623
The close is currently Above  it's Short Term period moving average.  1.2303
    
Trend Strength

Bearish Consolidation


VOLATILITY


On 6/25/2010, Euro Currency FOREX closed  
below the upper band by 20.9%.

")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.")


PANDORA'S LITTLE BLACK BOX


PulseScan LONG ENTRY :  




Swing Vix SHORT ENTRY : 


Possible IntraDay 1st PulseWave Consolidation Break-Down SHORT  -   1.2222
 
   Profit Target   1.1923
   Stop Loss/Stop & Reverse   1.2336



       

INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.2362
        SUPPORT   1.2285

Watch for possible TREND REVERSAL breakout  longs -  with a close above   1.2465
Watch for possible EXPLOSIVE CONTINUATION SELL OFF -  with a close below   1.2209


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.



Disclosure: none