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Foreign Exchange (FX)

Use this discussion board to talk about anything relating to FX. Fundamental and technical analysis is encouraged. From GBP to USD and everything in between.

1,858 topics in this forum

  1. Euro/British Pound(EURGBP) 4 Hour Chart Elliott Wave Technical Analysis 13 December 23

    By tradinglounge,
    • 0 replies
    • 390 views

  2. U.S.Dollar /Canadian Dollar(USD/CAD) Day Chart Elliott Wave Technical Analysis 12 December 23

    By tradinglounge,
    • 0 replies
    • 469 views

  3. U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour Chart Elliott Wave Technical Analysis 12 December 23

    By tradinglounge,
    • 0 replies
    • 367 views

  4. British Pound/ Australian Dollar(GBPAUD) Day Chart Elliott Wave Technical Analysis 11 December 23

    By tradinglounge,
    • 0 replies
    • 351 views

  5. AUD/USD faces volatility amid economic uncertainties

    By MongiIG,
    • 0 replies
    • 369 views

  6. British Pound/ Australian Dollar(GBPAUD) 4 Hour Chart Elliott Wave Technical Analysis 11 December 23

    By tradinglounge,
    • 0 replies
    • 281 views

  7. British Pound/U.S.Dollar (GBPUSD) Day Chart Elliott Wave Technical Analysis 8 December 23

    By tradinglounge,
    • 0 replies
    • 453 views

  8. British Pound/U.S.Dollar (GBPUSD) 4 Hour Chart Elliott Wave Technical Analysis 8 December 23

    By tradinglounge,
    • 0 replies
    • 391 views

  9. MT4 - Multiple currencies become untradable

    By iMashPotato,
    • 1 reply
    • 410 views

  10. New Zealand Dollar/U.S.Dollar (NZDUSD) Day Chart Elliott Wave Technical Analysis 7 December 23

    By tradinglounge,
    • 0 replies
    • 297 views

  11. New Zealand Dollar/U.S.Dollar (NZDUSD) 4 Hour Chart Elliott Wave Technical Analysis 7 December 23

    By tradinglounge,
    • 0 replies
    • 288 views

  12. Euro/U.S.Dollar(EURUSD) Day Chart Elliott Wave Technical Analysis 6 December 23

    By tradinglounge,
    • 0 replies
    • 408 views

  13. Euro/U.S.Dollar(EURUSD) 4 Hour Chart Elliott Wave Technical Analysis 6 December 23

    By tradinglounge,
    • 0 replies
    • 349 views

  14. British Pound/Japanese Yen(GBPJPY) Day Chart Elliott Wave Technical Analysis 5 December 23

    By tradinglounge,
    • 0 replies
    • 358 views

  15. British Pound/Japanese Yen(GBPJPY) 4 Hour Chart Elliott Wave Technical Analysis 5 December 23

    By tradinglounge,
    • 0 replies
    • 301 views

  16. AUD/USD | Cash Rate | ATTACHED_ORDER_LEVEL_ERROR

    By SUPAD,
    • 0 replies
    • 323 views

  17. USD: US jobs in focus for Fed’s next rate move

    By MongiIG,
    • 0 replies
    • 326 views

  18. Australian Dollar / Japanese Yen(AUDJPY) Day Chart Elliott Wave Technical Analysis 4 December 23

    By tradinglounge,
    • 0 replies
    • 376 views

  19. Australian Dollar / Japanese Yen(AUDJPY) 4 Hour Chart Elliott Wave Technical Analysis 4 December 23

    By tradinglounge,
    • 0 replies
    • 373 views

  20. Market update: US dollar up but bearish risks grow, setups on EUR/USD, GBP/USD before Powell

    By MongiIG,
    • 0 replies
    • 386 views

  21. U.S.Dollar/Swiss Franc(USDCHF) Day Chart Elliott Wave Technical Analysis 1 December 23

    By tradinglounge,
    • 0 replies
    • 377 views

  22. U.S.Dollar/Swiss Franc(USDCHF) 4 Hour Chart Elliott Wave Technical Analysis 1 December 23

    By tradinglounge,
    • 0 replies
    • 382 views

  23. Market update: exploring technical setups as US dollar follows bearish trajectory in USD/JPY, USD/CAD, AUD/USD

    By MongiIG,
    • 0 replies
    • 326 views

  24. Euro/British Pound(EURGBP) Day Chart Elliott Wave Technical Analysis 30 November 23

    By tradinglounge,
    • 0 replies
    • 371 views

  25. Euro/British Pound(EURGBP) 4 Hour Chart Elliott Wave Technical Analysis 30 November 23

    By tradinglounge,
    • 0 replies
    • 409 views

  26. U.S.Dollar /Canadian Dollar(USD/CAD) Day Chart Elliott Wave Technical Analysis 29 November 23

    By tradinglounge,
    • 0 replies
    • 361 views

  27. U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour Chart Elliott Wave Technical Analysis 29 November 23

    By tradinglounge,
    • 0 replies
    • 401 views

  28. British Pound/ Australian Dollar(GBPAUD) Day Chart Elliott Wave Technical Analysis 28 November 23

    By tradinglounge,
    • 0 replies
    • 377 views

  29. British Pound/ Australian Dollar(GBPAUD) 4 Hour Chart Elliott Wave Technical Analysis 28 November 23

    By tradinglounge,
    • 0 replies
    • 439 views

  30. AUD/USD gains amidst hawkish signals: focus on CPI data and RBA outlook

    By MongiIG,
    • 0 replies
    • 366 views

  • Our picks

    • International Workers' Day & Early May Trading Hours

      International Workers' Day & Early May Trading Hours

      KoketsoIG posted a blog entry in IG Community Blog,

      Please be advised that our opening hours will be adjusted on 1 May 2024 for International Workers’ Day and 6 May 2024 for the UK Early May Bank Holiday. Where appropriate, the times listed are in GMT.
        • Like
      KoketsoIG

      Picked By

      KoketsoIG,
    • Are these the best AI stocks to watch in May 2024?

      Are these the best AI stocks to watch in May 2024?

      MongiIG posted a blog entry in Market News,

      Microsoft, Apple, Nvidia, Amazon and Meta could be the best AI stocks to watch next month. These stocks are the largest AI stocks in the US based on market capitalisation.
      MongiIG

      Picked By

      MongiIG,
    • Natural Gas Commodity Elliottwave Technical Analysis

      Natural Gas Commodity Elliottwave Technical Analysis

      tradinglounge posted a topic in Commodities,

      Natural Gas



      Mode - Impulsive 



      Structure - Impulse Wave 



      Position - Wave (iii) of 5



      Direction - Wave (iii) of 5 still in play



       



      Details:  Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse.



       



      Natural Gas is currently breaching the previous April low, marking a decisive move as the impulse initiated on 5th March continues its downward trajectory, further extending the overarching impulse wave sequence that commenced back in August 2022. This decline is anticipated to persist as long as the price remains below the critical resistance level of 2.012.



       



      Zooming in on the daily chart, we observe the medium-term impulse wave originating from August 2022, which is persisting in its downward trend after completing its 4th wave - delineated as primary wave 4 in blue (circled) - at 3.666 in October 2023. Presently, the 5th wave, identified as primary blue wave 5, is underway, manifesting as an impulse at the intermediate degree in red. It is envisaged that the price will breach the February 2024 low of 1.533 as wave 5 of (3) seeks culmination before an anticipated rebound in wave (4). This confluence of price movements underscores the bearish sentiment prevailing over Natural Gas in the medium term.



       



      Analyzing the H4 chart, we initiated the impulse wave count for wave (3) from the level of 2.012, which marks the termination point of wave 4. Notably, price action formed a 1-2-1-2 structure, with confirmation established at 1.65 and invalidation set at 2.012. The confirmation of our anticipated direction materialized as price breached the 1.65 mark, signifying a resumption of bearish momentum. Presently, there appears to be minimal resistance hindering the bears, thereby reinstating their dominance in the market. It is projected that wave iii of (iii) of 5 will manifest around 1.43, indicative of the potential for the wave 5 low to extend to 1.3 or even lower. This comprehensive analysis underscores the prevailing bearish outlook for Natural Gas in the immediate future.



       







       







       




      Technical Analyst : Sanmi Adeagbo
       
      MongiIG

      Picked By

      MongiIG,
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