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Forex Education: All About MACD

Forex Education: All About MACD

Walker England, Forex Trading Instructor

Many traders turn to technical oscillators to help gauge the current direction of the market as well as aid in their order timing. During today’s Technical Trading Tools & Tactics webinar we covered arguably one of the markets most popular oscillating indicators.

MACD (Moving Average Convergence Divergence) is an Index that tracks market momentum using a series of EMA’s. As these averages converge and diverge, MACD either gains strength or weakens. The Idea is that traders can easily read MACD to interpret the markets direction as well as gauge its current momentum.

EUR/NZD 2Hour Chart with MACD

Forex Education: All About MACD

(Created Using IG Charts)

From here traders can elect to use other components of the MACD indicator to time their market entries. This includes the zero line, signal line and histogram. One example, as seen above is a simple MACD crossover. Traders may elect to wait for the MACD line to cross above the signal line in an uptrend to enter into the market. Of course even the strongest trends can turn, so traders should always be prepared to manage their risk!

Did you miss today’s LIVE webinar event? Don’t worry, you can see a full list of upcoming webinars on our events calendar! Our next Technical Trading Tools & Tactics webinars will be held on Tuesday next week!

Looking for more information on trading strategies? Check out Forex for Beginners guide here!

--- Written by Walker, Analyst for

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