Important moment for the dollar. Having fallen so far, we have been watching to see what will happen as the GoNoGo Oscillator ran up to the zero-line from below. A break above zero would indicate weakness in the “NoGo” trend and perhaps slight cause to be bullish. Rejection at the zero line however would signal that the “NoGo” trend is still firmly in place. We are still seeing the oscillator “ride the zero line” as the direction of momentum is still to be determined and the squeeze builds.
By
Alex Cole
