The MACD is one of the most popular technical indicators in the Forex world. Developed by Gerald Appel in the 1970s, the MACD is a trend-following momentum indicator which is used to identify short-term over bought and over sold levels. It’s based on the concept of momentum.
Today I am going to talk about the MACD forex indicator. The MACD indicator is a very popular technical analysis tool used to spot short-term trading opportunities. The MACD indicator is a great tool for finding short-term trading opportunities in the forex markets.
The MACD indicator can be used as a standalone trading system, or it can be combined with other technical analysis tools to enhance trade opportunities.