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7/5/2010 - FOREX - THE VULCAN REPORT Review of Australian Dollar FOREX (AUD/USD) as of Friday, July 02, 2010

Tuesday, July 6, 2010 7/5/2010 - FOREX - THE VULCAN REPORT Review of Australian Dollar FOREX (AUD/USD) as of Friday, July 02, 2010
 
THE VULCAN REPORT
Review of Australian Dollar FOREX (AUD/USD)
as of Friday, July 02, 2010


    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 3 white "UP" candles and 7 black "DOWN" candles for a net of 4 black (DOWN) candles.

During the past 50 bars, there have been 21 white "UP"  candles and 27 black "DOWN" candles for a net of 6 black (DOWN) candles.

A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

PulseScan Swing Vix              Swing Index

PulseScan:    -15.11
Swing Vix:     -8.10

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    8 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  6 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 last Swing Vix signal, Australian Dollar FOREX's price has decreased 3.32%, and has ranged from a high of 88.2900 to a low of 83.1600.

     MARKET TREND

Currently the TREND is Slightly Bearish - - Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 80.6600

The close is currently Below it's Long Term period moving average. 87.3650
The close is currently Below  it's Intermediate Term period moving average. 86.8735
The close is currently Below  it's Short Term period moving average. 85.4054

     
    VOLATILITY

On 7/2/2010, Australian Dollar FOREX closed  
above the lower band by 32.7%.

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 BreakDown SHORT ENTRY-  83.9665
    Profit Target  81.2433
   Stop Loss/Stop & Reverse  84.6531
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE  84.8492
        SUPPORT  84.2607


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.


==================================================================

THE VULCAN REPORT
Review of Euro Currency FOREX (EUR/USD)
as of Friday, July 02, 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 22 white "UP"  candles and 26 black "DOWN" candles for a net of 4 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:     17.29
Swing Vix:     17.43

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 daysThe 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 16 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 last Swing Vix signal, Euro Currency FOREX's price has been unchanged, and has ranged from a high of 1.2610 to a low of 1.2482.

     MARKET TREND

Currently the TREND is Slightly Bearish - - Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 1.1876

The close is currently Below it's Long Term period moving average.  1.3509
The close is currently Above  it's Intermediate Term period moving average.  1.2583
The close is currently Above  it's Short Term period moving average.  1.2359

    
    VOLATILITY

On 7/2/2010, Euro Currency FOREX closed  
below the upper band by 5.6%.

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.")
WARNING - Possible Upper Volatility Band BreakOut  -   1.2616

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY
:  

Swing Vix SHORT ENTRY : 
 
INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.2581
        SUPPORT   1.2511


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.



====================================================================


THE VULCAN REPORT
Review of British Pound FOREX (GBP USD)
as of Friday, July 02, 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 21 white "UP"  candles and 26 black "DOWN" candles for a net of 5 black (DOWN) candles.

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

PulseScan Swing Vix              Swing Index

PulseScan:     39.89
Swing Vix:     40.24

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  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 32 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 last Swing Vix signal, British Pound FOREX's price has been unchanged, and has ranged from a high of 1.5227 to a low of 1.5149.

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
        TREND STRENGTH - Bullish Consolidation - Long term Trend Line resistance is currently at 1.7039

The close is currently Below it's Long Term period moving average.  1.5170
The close is currently Above  it's Intermediate Term period moving average.  1.4895
The close is currently Above  it's Short Term period moving average.  1.5012
     
    VOLATILITY

On 7/2/2010, British Pound FOREX closed  
below the upper band by 8.4%.

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.")
WARNING - Possible Upper Volatility Band BreakOut  -   1.5231

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 
    

Possible 2nd PulseWave Break-Out Continuation BUY ENTRY-   1.5231
    Profit Target   1.5502
   Stop Loss/Stop & Reverse   1.5181

WARNING - Possible Inside Day/Bullish Retracement pull back from previous high -   1.5145

INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.5209
        SUPPORT   1.5167

Swing Vix SHORT ENTRY : 




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.



====================================================================


THE VULCAN REPORT
Review of US Dollar Yen FOREX (USD/JPY)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 3 white "UP" candles and 7 black "DOWN" candles for a net of 4 black (DOWN) candles.

During the past 50 bars, there have been 18 white "UP"  candles and 28 black "DOWN" candles for a net of 10 black (DOWN) candles.

A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

PulseScan Swing Vix              Swing Index
PulseScan:    -40.17
Swing Vix:    -40.96

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    1 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 46 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, US Dollar Yen FOREX's price has increased 0.05% , and has ranged from a high of 88.5500 to a low of 86.9700.

     MARKET TREND

Currently the TREND is VERY-BEARISH- Down.
        TREND STRENGTH - Bearish Consolidation - Long term Trend Line support is currently at 84.7800

The close is currently Below it's Long Term period moving average. 90.9200
The close is currently Below  it's Intermediate Term period moving average. 90.9286
The close is currently Below  it's Short Term period moving average. 88.9667
     
    VOLATILITY

On 7/2/2010, US Dollar Yen FOREX closed  
above the lower band by 0.8%.
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.

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY :  


Swing Vix SHORT ENTRY : 

WARNING  - Possible Inside Day/Bearish Retracement rally off previous low -  88.2435
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE  88.0042
        SUPPORT  87.5257


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.



=======================================================================


THE VULCAN REPORT
Review of Canadian Dollar FOREX (USD/CAD)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 8 white "UP" candles and 2 black "DOWN" candles for a net of 6 white (UP) candles.

During the past 50 bars, there have been 28 white "UP"  candles and 20 black "DOWN" candles for a net of 8 white (UP) candles.

PulseScan Swing Vix              Swing Index

PulseScan:     36.61
Swing Vix:     32.09

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    8 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  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  8 period(s) Ago.

The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.

The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence.
        Since the last Swing Vix signal, Canadian Dollar FOREX's price has increased 3.23% , and has ranged from a high of 1.0673 to a low of 1.0180.

     MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
        TREND STRENGTH - Bullish Consolidation - Long term Trend Line resistance is currently at 1.1713

The close is currently Below it's Long Term period moving average.  1.0821
Today's Sell off pushed prices on the close below the long term trendline resistance
The close is currently Above  it's Intermediate Term period moving average.  1.0381
The close is currently Above  it's Short Term period moving average.  1.0489
     
    VOLATILITY

On 7/2/2010, Canadian Dollar FOREX closed  
below the upper band by 9.0%.

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 

WARNING - Possible Inside Day/Bullish Retracement pull back from previous high -   1.0548

INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.0642
        SUPPORT   1.0579

Swing Vix SHORT ENTRY : 


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.



====================================================================


THE VULCAN REPORT
Review of US Dollar Swiss Franc FOREX (USD/CHF)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 1 white "UP" candles and 9 black "DOWN" candles for a net of 8 black (DOWN) candles.

During the past 50 bars, there have been 17 white "UP"  candles and 33 black "DOWN" candles for a net of 16 black (DOWN) candles.

PulseScan Swing Vix              Swing Index

PulseScan:    -45.84
Swing Vix:    -46.19

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    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days   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 25 period(s) Ago.


RALLY ALERT Possible Breakout is likely due to strong market pulse projections BUY ENTRY-   1.0700

The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
        Since the last Swing Vix signal, US Dollar Swiss Franc FOREX's price has been unchanged, and has ranged from a high of 1.0694 to a low of 1.0578.

     MARKET TREND

Currently the TREND is .
        TREND STRENGTH -

The close is currently Below it's Long Term period moving average.  1.0835
The close is currently Below  it's Intermediate Term period moving average.  1.1070
The close is currently Below  it's Short Term period moving average.  1.0866
     
    VOLATILITY

On 7/2/2010, US Dollar Swiss Franc FOREX closed  
above the lower band by 9.4%.
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.

PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 

Swing Vix SHORT ENTRY : 


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.



======================================================================


THE VULCAN REPORT
Review of EuroYen FOREX (EUR/JPY)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

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 20 white "UP"  candles and 28 black "DOWN" candles for a net of 8 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:    -23.42
Swing Vix:    -23.38

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    8 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 68 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, EuroYen FOREX's price has decreased 0.86%, and has ranged from a high of 112.4600 to a low of 107.3100.

     MARKET TREND

Currently the TREND is - Down.
        TREND STRENGTH - Bearish Strength - Price Projection Target  -75.8900

The close is currently Below it's Long Term period moving average.123.0200
The close is currently Below  it's Intermediate Term period moving average.114.4645
The close is currently Above  it's Short Term period moving average.109.9827
Today's Rally pushed prices on the close above the short term trendline support
     
    VOLATILITY

On 7/2/2010, EuroYen FOREX closed  
above the lower band by 42.3%.


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 

Swing Vix SHORT ENTRY : 

1st PulseWave SHORT ENTRY - 109.0900,
    Profit Target 106.3633
   Stop Loss/Stop & Reverse 110.1996
   
INTRADAY PRICE PROJECTIONS
        RESISTANCE 110.4287
        SUPPORT 109.7412

WEEKLY PRICE PROJECTIONS
   RESISTANCE 113.3000
   SUPPORT 107.3100

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