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7/15/2010 - USD/CAD FOREX - THE VULCAN REPORT Review of Canadian Dollar FOREX (USD/CAD) as of Wednesday, July 14, 2010

THE VULCAN REPORT
Review of Canadian Dollar FOREX (USD/CAD)
as of Wednesday, July 14, 2010

Today's Price Action

Change    0.0021 (0.20%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:    -22.78
Swing Vix:    -17.33

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    6 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 PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.

        Since the last Swing Vix signal, Canadian Dollar FOREX's price has decreased 2.07%, and has ranged from a high of 1.0676 to a low of 1.0276.

       MOMENTUM

     MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at-   1.0821.


        TREND STRENGTH - Bearish 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.

The close is currently Below it's Long Term period moving average. -   1.0821
The close is currently Below  it's Intermediate Term period moving average. -   1.0389
The close is currently Below  it's Short Term period moving average. -   1.0403
      

         INTRADAY PRICE PROJECTIONS
        RESISTANCE   1.0350
        SUPPORT   1.0305

       WEEKLY PRICE PROJECTIONS
       RESISTANCE   1.0676
       SUPPORT   1.0270

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at -   1.0821
Long term Trend Line support is currently at -   0.9929
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =   0.8145

HYPER PARABOLIC CIRCUIT BREAKERS

PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =   0.6361
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =   0.4577
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =   0.2793
    
       VOLATILITY

On 7/14/2010, Canadian Dollar FOREX closed  
above the lower band by 32.4%.


     Pandora's Little Black Box of - (Buy & Sell Signals)

BUY Signals : 
 

SELL Signals : 

WARNING  - Inside Day / Bearish Retracement rally off previous low (Possible Breakout above) - LONG ENTRY-   1.0373
   Profit Target   1.0575
   Stop Loss   1.0320


Negative Swing Vix with Bearish Momentum.- SHORT ENTRY -   1.0282
      Profit Target   1.0077
   Stop Loss   1.0373



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.