In the 1H chart FXCM appears to been flattening after a month of decline. Double Bottom: A double bottom appears to have been complete. A clear break above 13.40 would confirm this double bottom and push above the 200- and 100-hour simple moving average. If this price action is accompanied by the RSI pushing above 70, we should consider the market turning bullish in the short-term.FXCM 1H Chart 1/29(click to enlarge)While the 1H chart shows a market trying to develop a bullish reversal, the daily chart shows a market that has made a bullish reversal signal, and is now trying to confirm the outlook.FXCM Daily Chart 1/29(click to enlarge)Bullish Bias Remains:The daily chart shows the December surge. Price has since retraced deeply, almost to the 78.6% fibonacci level. Price also respected a previous support/resistance pivot area as well as the 100-, and 50-day simple moving averages. Also note where the RSI is at. The fact it holds above 40 and is about to turn back up suggests the market kept its bullish momentum from December. Slingshot:Now, Price is consolidating in the moving average cluster, trying to break back above the 200-day SMA. If it does, it essentially turned the cluster of SMAs into support after crossing above them. This is call a bullish slingshot signal. Therefore, a push above 13, or 13.40 as mentioned before should be able to open up the 20.00 handle, the 24.80 high, or even higher if general market appetite also returns.