Global Brokerage Inc. (GLBR)

[ospreyeye]

$FXCM Chart - After forming a Hammer on the 18th $FXCM finally bounced today - nice close above EMA 4 @ 1.44 & EMA 8 @ 1.48 - they are Key levels to turn into support - the last close above EMA 8 was on the 8th of May -

The middle Bollinger Band @ 1.75 broke intraday, but $FXCM failed to close above - when $FXCM turns the middle BB into support a new up trend can begin - on the 8th $FXCM closed above the middle BB, but failed to turn that level into support and a big pullback followed - very important for $FXCM bulls that candles form above the Middle Bollinger Band -

Huge bullish volume spike today - MACD is pinched and set up for a bullish crossover - Fast Sto & RSI are both in the 40's - keep an EYE out for above 50 on both indicators - that would be bullish - the old saying is "volume precedes price" - very large $Volume today -