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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Silver - Monitor The Recent Low at 17.34 - Mig Bank

Silver has thus far successfully tested the hourly support at 17.34. However, the persistent succession of lower highs favours a bearish bias. Furthermore, a break of the resistance at 18.02 is needed to significantly improve the technical structure. An initial resistance can be found at 17.74 (26/09/2014 high).

In the long-term, the break of the major support area between 18.64 (30/05/2014 low) and 18.23 (28/06/2013 low) confirms an underlying downtrend. A strong support can be found at 14.64 (05/02/2010 low). A resistance lies at 18.88 (09/09/2014 low).

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