We’ve been waiting for the environment to change on the Dollar. Indeed, a few days ago, we noted that there were bullish signs and that the Dollar index was trying to halt its fall. In that post, we spotted positive divergence between price and the GoNoGo Oscillator as well as the break above the zero line as being significant.
Well, here we “Go”! The GoNoGo Trend flagged a “Go” yesterday. I have added the 50 period moving average to this chart and you can see how the average was broken as the GoNoGo Trend indicator came out of the “NoGo” Trend and painted an amber neutral bar. This was then of course followed immediately with the “Go” bar.
Well, here we “Go”! The GoNoGo Trend flagged a “Go” yesterday. I have added the 50 period moving average to this chart and you can see how the average was broken as the GoNoGo Trend indicator came out of the “NoGo” Trend and painted an amber neutral bar. This was then of course followed immediately with the “Go” bar.
