MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

Contact Contributor

Biography

• Gold: Recovery Rally Fading

  Published 25 April 2014 | viewed 0 times

  Gold has breached support at 1276 (11/03/2014 low) yet staged a strong recovery rally. Failure to sustain a recovery bounce, indicates a renewed test of…

• USD/JPY: Bullish Pause

  Published 24 April 2014 | viewed 0 times

  USD/JPY failed to break above short-term high at 102.34 (22/04/2014 high) yesterday. Despite a possible pullback, a move towards resistances are at 102.83 (21/04/2014 high)…

• EUR/USD: Weak Bounce

  Published 23 April 2014 | viewed 0 times

  EUR/USD bounced yesterday near the support at 1.3780. However, bullish rally is weak. An hourly support is at 1.3780 (22/04/2014 low, see also the low…

• USD/CAD: Recovery Bounce Continues

  Published 22 April 2014 | viewed 0 times

  USD/CAD failure to break Fibo support at 1.0860, hurt bearish momentum. Resistances for a short-term bounce still stands at 1.1087 (27/03/2014 high) and 1.1103 and…

• EUR/USD: Breaks resistance at 1.3833

  Published 17 April 2014 | viewed 0 times

  EUR/USD has broken hourly resistance at 1.3833 and is ready to challenge the resistance at 1.3851 (16/04/2014 high). The short-term technical configuration remains positive as…

• GBP/USD: Bullish Rally Stalls at 1.6823

  Published 16 April 2014 | viewed 0 times

  GBP/USD is looking to breached the hourly resistance area between 1.6750 (15/04/2014 high). A break above would validated a shortterm bullish trend reversal formation. The…

• EUR/USD: Deeper Correction

  Published 15 April 2014 | viewed 0 times

  EUR/USD bearish momentum has stalled around support at 1.3820 (old resistance). Failure to find support here, followed by a clear break under 1.3820 (02/02/2014) region,…

• EUR/USD: Bullish Pause

  Published 11 April 2014 | viewed 0 times

  EUR/USD short-term bullish momentum is dominate despite pause, after breaking out of its short-term declining channel and pushing above near term resistance. Monitor the resistance…

• EUR/USD: Clears Resistance at 1.3820

  Published 10 April 2014 | viewed 0 times

  EUR/USD has further improved, breaking out of its short-term declining channel and pushing above near term resistance. Monitor the resistance at 1.3820 (see also 50%…

• GBP/USD: Surging Higher

  Published 09 April 2014 | viewed 0 times

  GBP/USD rose sharply higher yesterday, breaking the resistances at 1.6684 and 1.6718 (see also the declining trendline). Resistances can now be found at 1.6786 and…

• Silver: Grinding Higher Towards The Resistance at 20.22

  Published 08 April 2014 | viewed 0 times

  Silver continues to exhibit a short-term succession of higher lows. However, a break of the resistance at 20.22 is needed to improve the technical structure.…

• USD/CAD: Pushing Lower

  Published 07 April 2014 | viewed 0 times

  USD/CAD remains in a downtrend as can be seen by the break to the downside out of its symmetrical triangle. Supports stand at 1.0956 and…

• EUR/USD: Moving Below the Support at 1.3705

  Published 04 April 2014 | viewed 0 times

  EUR/USD has breached the support at 1.3705, confirming an underlying downtrend since the peak at 1.3967. Another key support stands at 1.3643. Resistances can now…

• AUD/USD: Challenging The Support at 0.9214

  Published 03 April 2014 | viewed 0 times

  AUD/USD has broken the key resistance at 0.9168, validating a 3 month bullish reversal pattern. However, monitor the hourly horizontal range between 0.9214 and 0.9295/0.9304…

• USD/CAD: Short-Term Base Underway?

  Published 02 April 2014 | viewed 0 times

  USD/CAD is trying to stabilise itself. However, the current short-term technical pattern (symmetrical triangle) still favours a bearish bias. A break of the initial resistance…

• GBP/USD: Pushing Higher

  Published 01 April 2014 | viewed 0 times

  GBP/USD continues to rise after the successful test of its rising channel. The hourly resistance at 1.6666 has been breached. Other resistances can be found…

• USD/JPY: Making New Highs

  Published 31 March 2014 | viewed 0 times

  USD/JPY has improved its technical structure by breaking the resistance at 102.68. Further short-term strength is favoured. Hourly resistances stand at 103.43 and 103.76. Hourly…

• EUR/USD: Making New Lows

  Published 28 March 2014 | viewed 0 times

  EUR/USD has breached the support at 1.3749, confirming persistent short-term selling pressures. An hourly support lies at 1.3708, while a key support stands at 1.3643.…

• EUR/USD: Declining Towards Its Recent Lows

  Published 27 March 2014 | viewed 0 times

  EUR/USD has failed to confirm its move above the resistance at 1.3845 (20/03/2014 high). Prices are now declining towards the support at 1.3749. Another support…

• EUR/USD: Genuine Breakout To The Upside?

  Published 25 March 2014 | viewed 0 times

  EUR/USD has risen sharply, moving above the resistance a 1.3845. However, the failure to hold above this level suggests a potential false breakout. A resistance…