Forex Trading Glossary – M

  Forex Trading Glossary – M   MACD(Moving Average Convergence Divergence) Developed by Gerald Appel in the 1960s, this oscillator uses three exponential moving averages to show changes in currency trends. The MACD fluctuates above and below a zeroline. Major CurrenciesEighty-five percent of all FX transactions involve seven major currencies: the U.S. Dollar (USD), Japanese…