FXCM INC closed down -0.450 at 2.650. Volume was 114% above average (neutral) and Bollinger Bands were 776% wider than normal.
Open High Low Close Volume___
2.660 2.730 2.560 2.650 1,066,513
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 10.45 15.33 14.79
Volatility: 1,240 574 290
Volume: 3,453,014 770,121 279,765
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
On 1/23/2015, FXCM INC closed above the lower band by 1.8%.
Bollinger Bands are 850.72% wider than normal. The large width of the bands suggest high volatility as compared to FXCM INC’s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 5 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
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