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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.

  • USD/JPY: Second Upleg Underway?

    Published 24 March 2014 | viewed 0 times

    USD/JPY has bounced sharply near the key support at 101.20. Monitor the hourly resistance at 102.68, as a break would favour a second upleg towards…

  • EUR/USD: Significant Deterioration in The Technical Structure

    Published 21 March 2014 | viewed 0 times

    EUR/USD has broken the support implied by its rising channel, invalidating the uptrend in place since February. The short-term technical structure is negative as long…

  • Silver: Challenging The Support at 20.61

    Published 20 March 2014 | viewed 0 times

    Silver is challenging the support at 20.61. A decisive break would favour further weakness towards the support at 19.78. The short-term technical structure is negative…

  • EUR/USD: Grinding Higher

    Published 19 March 2014 | viewed 0 times

    EUR/USD has thus far failed to make any follow-through after the move above the strong resistance at 1.3893 (27/12/2013 high). However, the short-term technical configuration…

  • USD/CHF: Symmetrical Triangle Calls for Caution

    Published 18 March 2014 | viewed 0 times

    USD/CHF is moving in a symmetrical triangle, usually seen as a continuation pattern. Furthermore, the technical structure is negative as long as prices remain below…

  • EUR/USD: Monitor The Resistance at 1.3915

    Published 17 March 2014 | viewed 0 times

    EUR/USD has thus far failed to make any follow-through after the move above the strong resistance at 1.3893 (27/12/2013 high). A key resistance now lies…

  • EUR/USD: False Bullish Breakout at 1.3893?

    Published 14 March 2014 | viewed 0 times

    EUR/USD completely reversed yesterday's strength, warning of a potential false breakout of the strong resistance at 1.3893. However, the short-term technical configuration remains positive as…

  • EUR/USD: Making Multi-Month Highs

    Published 13 March 2014 | viewed 0 times

    EUR/USD has moved above the strong resistance at 1.3893. The technical configuration is positive as long as the support at 1.3834 (11/03/2014 low) holds. An…

  • Siver: Remains Within Its Declining Channel

    Published 12 March 2014 | viewed 0 times

    Silver continues to evolve within a declining channel. Resistances are given by the declining trendline (around 21.40) and 21.72. An hourly support lies at 20.61…

  • EUR/GBP: The Long-Term Declining Trendline Has Been Broken

    Published 11 March 2014 | viewed 0 times

    EUR/GBP continues to improve, as can be seen by the break of its long-term declining trendline. Monitor the test of the key resistance at 0.8350,…

  • USD/CHF: Making New Lows

    Published 10 March 2014 | viewed 0 times

    USD/CHF made a daily close below the support at 0.8800 on Friday. The hourly support at 0.8778 has also been breached. The shortterm technical structure…

  • USD/JPY: Making New Highs

    Published 07 March 2014 | viewed 0 times

    USD/JPY has broken the key resistance at 102.70-102.83. A further medium-term rise towards the resistance at 104.92 (16/01/2014 high) is favoured. Monitor the test of…

  • USD/CAD: Drifting Lower

    Published 06 March 2014 | viewed 0 times

    USD/CAD remains in a declining short-term channel, as can be seen by the recent new lows below the support at 1.1039. An hourly support stands…

  • EUR/USD: Fading Close To Its Key Resistance Area

    Published 05 March 2014 | viewed 0 times

    EUR/USD is showing signs of weakness near its key resistance area between 1.3832 (25/10/2013 high, see also the long-term declining trendline) and 1.3893. Hourly supports…

  • USD/CHF: Bullish Intraday Reversal Near Its Key Support

    Published 04 March 2014 | viewed 0 times

    USD/CHF made a bullish intraday reversal (hammer) yesterday near its key support at 0.8800. A short-term rebound is likely. An hourly resistance stands at 0.8872…

  • EUR/USD: Challenging a Key Resistance Area

    Published 03 March 2014 | viewed 0 times

    EUR/USD rose sharply on Friday. Prices are now challenging the key resistance area between 1.3832 (25/10/2013 high, see also the long-term declining trendline) and 1.3893.…

  • AUD/USD: Yesterday's Bullish Reversal Alleviates Recent Bearish Concerns

    Published 27 February 2014 | viewed 0 times

    AUD/USD made yesterday a bullish reversal pattern (hammer), negating part of the bearish outlook stemming from the head and shoulders. A break of the initial…

  • EUR/USD: Short-Term Double-Top Formation Validated

    Published 27 February 2014 | viewed 0 times

    EUR/USD has broken the support at 1.3692, validating a short-term double-top with an implied target at 1.3611. Monitor the hourly support at 1.3657 (see also…

  • USD/CAD: Short-Term Correction Underway

    Published 26 February 2014 | viewed 0 times

    USD/CAD has weakened after having failed to break the resistance at 1.1224. Potential supports for a short-term correction can be found at 1.1052 (50.0% retracement)…

  • USD/CHF: Unable To Make Any Higher High

    Published 25 February 2014 | viewed 0 times

    USD/CHF is trying to bounce near the support at 0.8860. However, the succession of lower highs is intact as can be seen by the successful…

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