News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.93% Silver: -1.67% Oil - US Crude: -2.28% View the performance of all markets via
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out:
  • Prior to the oil blockade in January, Libya had been producing circa 1.1mbpd
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.42% 🇨🇦CAD: -0.23% 🇦🇺AUD: -0.39% 🇪🇺EUR: -0.50% 🇬🇧GBP: -0.58% 🇳🇿NZD: -0.65% View the performance of all markets via
  • Libya has restarted oil production by 90kbpd and will resume an extra 220kbpd on September 24th, according to sources #OOTT
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: -1.50% Wall Street: -1.78% France 40: -3.30% Germany 30: -3.41% FTSE 100: -3.62% View the performance of all markets via
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here:
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Sep 08, 2020 when Germany 30 traded near 12,883.80. A contrarian view of crowd sentiment points to Germany 30 weakness.
  • UK's Hancock says final decisions have not been taken in response to surge in COVID cases $GBP
  • #SP500 futures tumbling through Bear Flag support at the 3300 mark. Implied measured move suggests a push to 3000 could be on the cards if price breaks below the June high (3231.25) $ES $SPX
Using the MACD Indicator

Using the MACD Indicator

2010-11-18 22:23:00
Richard Krivo, Trading Instructor

Student’s Question:When using MACD, should I pay more attention to what the MACD indicator is showing or to what the chart is showing. Like when the MACD cross shows a sell should I sell and then when it shows a buy should I buy…just follow those signals?

Confused.Instructor’s Response:Good question…Many traders become overly focused on the indicator at the expense of what the chart is telling them. Keep in mind that the indicator does not know the direction of the trend but the price chart does…and so do you when you consult the chart first.

The chart graphically shows price action and price is indicator #1, our prime indicator.As traders we should first focus on what the chart is showing us…is the pair trending up or down? If the trend is down (as it is on the chart below) we should pay attention to the chart and only take trades in that direction as those will be the higher probability trades.Only after we have determined the trend, should we consult the indicator as a tool to time our entry in that direction. This is true for any indicator, not just the MACD.Bottom Line: Consult the chart first and the indicator second.

Using_the_MACD_Indicator_body_30470d1243470875-post-day-chart-5-27-09.png, Using the MACD Indicator

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.