Review of $DX - US DOLLAR INDEX ICE Continuous (@:DXc1#I)
as of Thursday, January 27, 2011
Today's Price Action
Change -0.1810 (-0.23%) prices closed lower than they opened. with weak Bids going into the close.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
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).
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.
PulseScan Swing Vix
Swing Vix: -42.68
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 11 period(s) ago. The Swing Vix is below -39. This is where it usually bottoms. The Swing Vix usually forms tops and bottoms 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-Bought Sell 39 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, $DX - US DOLLAR INDEX ICE Continuous's price has decreased 2.99%, and has ranged from a high of 81.1450 to a low of 77.7100.
MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.
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.,
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 82.0175
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 80.6336
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 79.5904
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 78.7008
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 81.6350
PulseWave BreakOut SUPPORT - 79.0250
Long term Trend Line resistance is currently at - 82.0175
Long term Trend Line support is currently at - 75.2350
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 61.6700
DEFLATED BUBBLE PHASE I - (24-36mo) PRICE DESTRUCTION TARGET = 48.1050
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 34.5400
DEFLATED BUBBLE PHASE 3 - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = 20.9750
On 1/27/2011, $DX - US DOLLAR INDEX ICE Continuous closed
above the lower band by 12.4%.