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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: The Resistance at 102.70 Continues to Hold

    Published 24 February 2014 | viewed 0 times

    USD/JPY has failed again to break the key resistance at 102.70 (11/02/2014 high). However, the current succession of higher lows favours a short-term bullish bias.…

  • AUD/USD: Bouncing Near The Support at 0.8928

    Published 21 February 2014 | viewed 0 times

    AUD/USD made an intraday bullish reversal yesterday, suggesting persistent buying interest. Monitor the horizontal range defined by the support at 0.8928 and the key resistance…

  • GBP/JPY: Buying Interest is Fading

    Published 20 February 2014 | viewed 0 times

    GBP/JPY has invalidated its recent succession of higher lows, reflecting a fading buying interest. Hourly supports stand at 169.13 (14/02/2014 low) and 168.33. Hourly resistances…

  • Gold: Mild Correction Thus Far

    Published 19 February 2014 | viewed 0 times

    Gold has broken the resistance implied by its 200 day moving average. Despite the overextended rise, the recent mild correction suggests persistent buying interest. Hourly…

  • EUR/USD: Challenging The Resistance at 1.3739

    Published 18 February 2014 | viewed 0 times

    EUR/USD is close to the key resistance at 1.3739. Hourly supports are given by 1.3657 (intraday low) and the short-term rising channel (around 1.3635). Another…

  • GBP/USD: Bullish Breakout at 1.6668

    Published 17 February 2014 | viewed 0 times

    GBP/USD has broken the key resistance at 1.6668 (24/01/2014 high). The short-term technical structure remains positive as long as the support at 1.6693 (intraday low)…

  • EUR/GBP: Sliding Back To Its Lows at 0.8168

    Published 14 February 2014 | viewed 0 times

    EUR/GBP has sharply declined. Prices are now close to the key support at 0.8168. A break of the hourly resistance at 0.8249 (intraday low) is…

  • EUR/USD: Pickup in Selling Pressure

    Published 13 February 2014 | viewed 0 times

    EUR/USD significantly weakened yesterday, suggesting a pickup in selling pressures. A break of the hourly support at 1.3552 would open the way for a further…

  • EUR/USD: Monitor Yesterday's Intraday Bearish Reversal

    Published 12 February 2014 | viewed 0 times

    EUR/USD weakened yesterday close to the resistance at 1.3685 (50% retracement), making an intraday bearish reversal. A break of the hourly support at 1.3609 would…

  • AUD/USD: Pushing Higher

    Published 11 February 2014 | viewed 0 times

    AUD/USD has broken the resistance implied by its declining trendline. A further rise towards the resistance at 0.9086 is favoured as long as the hourly…

  • USD/CAD: Bearish Breakout at 1.1032

    Published 10 February 2014 | viewed 0 times

    USD/CAD has broken the support at 1.1032. The support at 1.0954 has held thus far. Monitor the resistance implied by the declining channel (around 1.1076),…

  • EUR/USD: The Resistance at 1.3573 Has Been Broken

    Published 07 February 2014 | viewed 0 times

    EUR/USD has broken the resistance at 1.3573 (31/01/2013 high, see also the steep declining trendline), opening the way for further shortterm strength. Hourly resistances are…

  • Gold: Grinding Higher Towards The Key Resistance at 1280

    Published 06 February 2014 | viewed 0 times

    Gold remains supported by its rising trendline. Hourly supports stand at 1247 (04/02/2014 low) and 1238 (30/01/2014 low). A key resistance stands at 1280. Longer…

  • Silver: Monitor The Resistance at 19.64

    Published 05 February 2014 | viewed 0 times

    Silver is trying to bounce close to the key support area between 18.90 and 18.84. Monitor the test of the resistance at 19.64 (03/02/2014 high).…

  • USD/JPY: Bearish Breakout of The Support at 101.63

    Published 04 February 2014 | viewed 0 times

    USD/JPY has broken its key support at 101.63 and has validated a symmetrical triangle with a downside risk at 100.30. Supports are given by the…

  • EUR/USD: Bearish Breakout of The Support at 1.3508

    Published 03 February 2014 | viewed 0 times

    EUR/USD has broken the support at 1.3508 (see also the steeper rising trendline), opening the way for a further decline towards the 200 day moving…

  • AUD/USD: Failing to Make a Higher High

    Published 31 January 2014 | viewed 0 times

    AUD/USD has thus far failed to break the resistance at 0.8826, suggesting a waning shortterm bullish momentum. Furthermore, the technical structure is negative as long…

  • EUR/USD: Remains Weak

    Published 30 January 2014 | viewed 0 times

    EUR/USD continues to post lower highs since its high at 1.3739. An hourly support area now stands between 1.3603 (29/01/2014 low) and 1.3583 (22/01/2014 high).…

  • USD/CAD: Challenging its Recent High at 1.1174

    Published 29 January 2014 | viewed 0 times

    USD/CAD continues to be supported by persistent buying interest. As a result, prices are now challenging the resistance implied by the recent high at 1.1174.…

  • Gold: False Breakout at 1268?

    Published 28 January 2014 | viewed 0 times

    Gold has moved above the key resistance area defined by its falling channel and 1268. However, the current lack of follow-through suggests a potential false…

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