Developed by Gerald Appel in the late seventies, the Moving Average Convergence-Divergence (MACD) indicator is one of the simplest and most effective momentum indicators available. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the...
Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction with a lag. Moving averages lag because they are based on past prices. Despite this lag, moving averages help smooth price action and filter out...
Spain as well as Portugal and Italy are in the focus of market attention on Wednesday. The problems of the Eurozone periphery countries highlighted the day before in IMF's World Economic Report, weighed negatively on sentiment. European stocks opened in the red and extended losses throughout the...
FXstreet.com (San Francisco) - The American Stock markets are trading lower Wednesday on concerns about European debt crisis and earning posted late Tuesday. Yahoo and Amazon topped expectations but Intel Corp and IBM posted lower earnings than expected. After opening, stocks recover some ground...