Thread: How to determine if a market is ranging ?

Originally Posted by Jackie101

I vote for MACD. The major usage (or benefit) of trading with MACD divergence is that the MACD chart has the ability to overshadow on trend change, which in turn trigger the sell off or buy in signal. Simply said, negative divergence indicates a change of bullish trend to bearish, while a positive divergence indicates a change of bearish trend to bullish.

Agree with Jackie...Macd is the best tool to use in the forex strategy..

While the forex trading market remains largely range-bound during these northern-hemisphere summer doldrums, it helps to know that oscillators are the technical indicators most suitable for such trading.