Moving average and Moving average convergence divergence has helped my trade in the foreign exchange market. Although I don't trade indicators in isolation I combine them with candle sticks and chat patterns. The structure of the market along side price action determine the market trend which could be confusing at some point. But with a proper understanding of indicators especially moving average and MACD one can predrict the future trend of the market and place his trade based on such technical analysis.
Indicators also can be used to determine a best position to take profit and apply stop loss based on the chat after proper technical analysis has been carried out
