MACD Interpretation

The MACD Line is:

• At zero when the two exponential moving averages are just crossing and their values are equal.
• Positive and rising when the shorter EMA is above the longer EMA and is moving further away from it (market's bullish momentum is accelerating).
• Negative and falling when the shorter EMA is below the longer EMA and is moving further away from it (market's bearish momentum is accelerating).
• Positive but falling when the shorter EMA is above the longer EMA, but they are converging (the bullish momentum in the market is fading).
• Negative but increasing when the shorter EMA is below the longer EMA, but they are converging (the bearish momentum in the market is fading).