The MACD is one of the useful tools used by expert traders to analyse the forex market. The following are some of the benefits that traders gain from using the indicator:
1. Traders use the MACD to determine signals and get opportunities.
2. The MACD is useful for verifying trend reversal.
3. Traders can monitor trend direction and duration using the MACD.
4. Short-term traders are the market participants that will most benefit from using MACD because it is a short-term indicator.