Talking about a snoozefest!
Momentum has consistently dropped since July 2014. ADX, D+ and D- are all well below 20 which suggests ranging. D+ and D- have also both dropped off more just recently. Not exactly great trading conditions.
ADX needs to cross 20 and either D+ or D- needs to pick up steam for a clear trend to form again.
A break of 2040 could net some nice pips as price tries to reach 2000 and then 1967. Right now I'm NEUTRAL because of a total lack of momentum.
Momentum has consistently dropped since July 2014. ADX, D+ and D- are all well below 20 which suggests ranging. D+ and D- have also both dropped off more just recently. Not exactly great trading conditions.
ADX needs to cross 20 and either D+ or D- needs to pick up steam for a clear trend to form again.
A break of 2040 could net some nice pips as price tries to reach 2000 and then 1967. Right now I'm NEUTRAL because of a total lack of momentum.
