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Wednesday, June 22, 2016

THE VULCAN REPORT Review of /M6B - GBPUSD (/M6B - GBPUSD) as of Monday, June 22, 2016




THE VULCAN REPORT
Review of /M6B - GBPUSD (/M6B - GBPUSD)
as of Monday, June 22, 2016

Today's Price Action
Change   -1.4200 (-0.98%) prices closed higher than they opened.  with strong Bids going into the close.

    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 25 white "UP"  candles and 25 black "DOWN" candles .







MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     -6.52
Swing Vix:     -1.14
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    2 period(s) ago.

The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum is entering 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 18 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, /M6B - GBPUSD's price has decreased 1.67%, and has ranged from a high of 147.3900 to a low of 140.2100.

                   MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.

INTRADAY PRICE PROJECTIONS
RESISTANCE 144.1475
SUPPORT 143.1550    

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 147.5390
PulseWave BreakOut SUPPORT - 143.1550

VOLATILITY
On 6/13/2016, /M6B - GBPUSD closed  
below the upper band by 49.2%.



General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. 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. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!

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