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MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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Biography

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 broker to obtain a Swiss banking license. Since its foundation in 2003, MIG BANK specializes in online Forex trading and remains a leading Forex broker for clients in more than 120 countries.

  • EUR/USD: Broader Consolidation Favoured

    Published 20 June 2014 | viewed 0 times

    EUR/USD has broken the hourly resistance at 1.3602 (10/06/2014 high). A short-term rise towards the resistance at 1.3677 (see also the 38.2% retracement) is favoured…

  • USD/CHF: Short-Term Triple-Top Validated

    Published 19 June 2014 | viewed 0 times

    USD/CHF has broken the support at 0.8960, validating a short-term triple-top. A decline towards the support at 0.8908 (05/06/2014 low, see also the 38.2% retracement)…

  • EUR/GBP: Unimpressive Bounce Thus Far

    Published 18 June 2014 | viewed 0 times

    EUR/GBP has thus far successfully tested the support at 0.7961. Hourly resistances for a shortterm bounce can be found at 0.8033 (intraday low) and 0.8065…

  • EUR/USD: Bouncing Near The Support at 1.3503

    Published 17 June 2014 | viewed 0 times

    EUR/USD's bullish intraday reversal on 5 June has created a key support at 1.3503, favouring a consolidation phase. However, a short-term bearish bias is favoured…

  • USD/CAD: Close to The Key Support at 1.0814

    Published 16 June 2014 | viewed 0 times

    USD/CAD is close to the key support area between 1.0823 (30/05/2014 low) and 1.0814. Hourly resistances stand at 1.0870 (see also the declining trendline) and…

  • GBP/USD: Aiming for 5-Year High

    Published 13 June 2014 | viewed 0 times

    GBP/USD surged higher yesterday. Monitor the major resistance at 1.7043 (05/08/2009 high). An initial support lies at 1.6922 (intraday low). Another support can be found…

  • GBP/USD: The Declining Channel is Under Pressure

    Published 12 June 2014 | viewed 0 times

    GBP/USD bounced yesterday. Prices are challenging once again the resistance implied by the declining channel (around 1.6817). Other hourly resistances stand at 1.6845 and 1.6882.…

  • USD/CAD: Monitor The Support at 1.0891

    Published 11 June 2014 | viewed 0 times

    USD/CAD is weakening. However, the potential medium-term base formation and the short-term falling wedge favour a bullish bias. Monitor the support area between 1.0891 and…

  • EUR/USD: Retracing its Recent Bounce

    Published 10 June 2014 | viewed 0 times

    EUR/USD made a bullish intraday reversal on 5 June. However, the lack of follow-through and the current deep retracement suggest persistent selling pressures. Resistances can…

  • EUR/GBP: Remains in its Declining Channel

    Published 09 June 2014 | viewed 0 times

    EUR/GBP continues to move within its declining channel. A key resistance stands at 0.8158 (19/05/2014 high, see also the declining channel). Thursday's bullish reversal has…

  • EUR/USD: Exhaustion in Short-Term Selling Pressures

    Published 06 June 2014 | viewed 0 times

    EUR/USD made an intraday bullish reversal on Thursday, indicating exhaustion in the short-term selling pressures. Resistances can now be found at 1.3688 (22/05/2014 high) and…

  • EUR/USD: All Eyes on The ECB

    Published 05 June 2014 | viewed 0 times

    EUR/USD has moved recently within a shortterm horizontal range between 1.3586 and 1.3650. Today's ECB decisions are likely to determine the direction of the next…

  • USD/CAD: Approaching a Resistance Area

    Published 04 June 2014 | viewed 0 times

    USD/CAD continues to improve and is now challenging the resistance at 1.0942 (see also the top of a potential rising channel). We favour an eventual…

  • EUR/USD: Challenging its Recent Lows

    Published 03 June 2014 | viewed 0 times

    EUR/USD remains in a short-term bearish technical structure as long as prices stay below the resistance at 1.3650 (27/05/2014 high, see also the declining trendline).…

  • AUD/USD: New Lower High Likely in Place

    Published 02 June 2014 | viewed 0 times

    AUD/USD is declining sharply, breaking the hourly support at 0.9271 (28/05/2014 high). As a result, a new lower high at 0.9329 has likely been posted,…

  • USD/JPY: Lack of Buying Interest

    Published 30 May 2014 | viewed 0 times

    USD/JPY has thus far failed to move significantly above the 38.2% retracement (102.09) of the decline from April, indicating a weak buying interest. Monitor the…

  • EUR/USD: Pushing Lower

    Published 29 May 2014 | viewed 0 times

    EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration. The short-term technical structure calls for further weakness…

  • Gold: Bearish Breakout of The Support at 1269

    Published 28 May 2014 | viewed 0 times

    Gold moved sharply lower yesterday after days of indecision. Coupled with the break of the support at 1269, a further short-term decline is likely. A…

  • Gold: Moving South?

    Published 27 May 2014 | viewed 0 times

    Gold has recently displayed a succession of small daily real bodies indicating a state of indecision. Monitor the support at 1284 (21/05/2014 low), as a…

  • EUR/GBP: Challenging The Support at 0.8082

    Published 26 May 2014 | viewed 0 times

    EUR/GBP is challenging the support at 0.8082. A break of the hourly resistance at 0.8145 (21/05/2014 high) is needed to negate the current short-term bearish…

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