Moving averages, MACD has trend following signals. In addition, by plotting the difference of the moving averages as an oscillator, MACD also has momentum characteristics.
There are three techniques commonly used to interpret the MACD indicator:
1. Divergence: When MACD moves counter to the direction of the currency itself, it is a warning that the currency's trend may change.
2. Some forex analysts choose to buy or sell orders when the MACD indicator goes above.
3. Trigger line: When the forex MACD indicator crosses above the slower trigger line, this is a bullish signal. When the MACD goes below the trigger line, it's a bearish signal.
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