Price swings have been contracting as this pair consolidates. Currently the GoNoGo Trend indicator is painting bearish purple and pink bars but it has had a hard time maintaining any color for long. After periods of low volatility typically a break will come but in which direction?
The GoNoGo Oscillator has been hugging the zero line for an incredibly long time! If the bearish environment wins out then look for the oscillator to get turned away from zero and move lower, leading to a price move lower as well.
If momentum builds positively, and GoNoGo Oscillator can push through zero to the upside, it may well cause a color change in the price panel above and a rally in the pair.
The GoNoGo Oscillator has been hugging the zero line for an incredibly long time! If the bearish environment wins out then look for the oscillator to get turned away from zero and move lower, leading to a price move lower as well.
If momentum builds positively, and GoNoGo Oscillator can push through zero to the upside, it may well cause a color change in the price panel above and a rally in the pair.
