MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• GBP/USD: Surge in Selling Pressure Last Friday

  Published 27 January 2014 | viewed 0 times

  GBP/USD declined sharply last Friday, negating the positive implications of the recent new highs. Supports stand at 1.6451 (22/01/2014 low) and 1.6396 (20/01/2014 low). A…

• EUR/USD: Surge in Buying Interest

  Published 24 January 2014 | viewed 0 times

  EUR/USD moved sharply higher yesterday, breaking its declining trendline. A break of the resistance at 1.3699 would open the way for further strength towards the…

• USD/CAD: Surging Higher

  Published 23 January 2014 | viewed 0 times

  USD/CAD surged higher yesterday. The resistance at 1.1125 is now challenged. Another resistance can be found at 1.1236 (see 50% retracement). Hourly supports lie at…

• Silver: The Support at 19.94 Has Been Broken

  Published 22 January 2014 | viewed 0 times

  Silver has successfully tested the resistance area defined by 20.52 (see also the declining channel) and has broken the hourly support at 19.94 (15/01/2014 low).…

• AYD/USD: Trying To Bounce

  Published 21 January 2014 | viewed 0 times

  AUD/USD has made new lows, confirming an underlying bearish trend. However, prices have thus far failed to decisively break the support at 0.8771 (25/08/2010 low).…

• EUR/USD: Challenging Support at 1.3524

  Published 20 January 2014 | viewed 0 times

  EUR/USD remains in a corrective phase after its failed attempt to break the resistance at 1.3832 (25/10/2013 high), as can be seen by the recent…

• Silver: The Declining Channel Has Held Thus Far

  Published 17 January 2014 | viewed 0 times

  Silver has thus far failed to break over the resistance area defined by 20.52 and its declining channel (around 20.55). The technical structure from recent…

• AUD/USD: Making New Lows

  Published 16 January 2014 | viewed 0 times

  AUD/USD is moving lower, confirming an underlying bearish trend. The support area between 0.8848 and 0.8771 is challenged. The technical structure is negative as long…

• USD/CAD: Breaks Over Daily Channel Resistamce

  Published 15 January 2014 | viewed 0 times

  USD/CAD continues to move higher, breaking over the resistance of daily channel resistance. Longer-term structure remains strongly bullish, with scope for medium-term targets near 1.1600,…

• Gold: Approaching The Key Resistance at 1268

  Published 14 January 2014 | viewed 0 times

  Gold is grinding higher and is now close to the key resistance at 1268 (see also the declining channel). An initial support can be found…

• EUR/JPY: Moving Lower

  Published 13 January 2014 | viewed 0 times

  EUR/JPY has breached its support at 141.50. The break to the downside from the recent horizontal range favours further short-term weakness. However, monitor the test…

• USD/JPY: A Test of The Recent Highs is Favoured

  Published 10 January 2014 | viewed 0 times

  USD/JPY has bounced near the key support at 103.77 (see also the short-term rising channel). A test of the resistance at 105.44 (02/01/2014 high) is…

• USD/CHF: Pushing Higher

  Published 09 January 2014 | viewed 0 times

  USD/CHF continues to move higher after validating a double-bottom formation, whose upside potential is at 0.9169. An initial support stands at 0.9068 (intraday low, see…

• USD/CAD: Challenging a Major Resistance Area

  Published 08 January 2014 | viewed 0 times

  USD/CAD has broken to the upside its horizontal range between 1.0559 and 1.0738. The implied short-term upside potential is 1.0917. Monitor the major resistance area…

• Gold: Rebounding

  Published 07 January 2014 | viewed 0 times

  Gold has thus far successfully tested the key support at 1181 and has broken the resistance at 1219. Further short-term strength is favoured towards the…

• EUR/USD: Making a Significant Lower Low

  Published 06 January 2014 | viewed 0 times

  EUR/USD has broken the support at 1.3621. Coupled with the false breakout of the key resistance area between 1.3811 (11/12/2013 high) and 1.3832, a medium-term…

• USD/CAD: Potential For a Swing Lower to 1.0500

  Published 03 January 2014 | viewed 0 times

  USD/CAD continues to meet strong resistance close to the 1.0700 region, threatening a longterm break under the support of the rising channel which has been…

• USD/JPY: Extreme Positioning Warns of a Pullback

  Published 31 December 2013 | viewed 0 times

  USD/JPY has managed to print a sequence of nine rising weekly candles, with a tenth one still possible. We remain wary of further near-term gains,…

• EUR/USD: Rises To Test Weekly Resistance

  Published 30 December 2013 | viewed 0 times

  EUR/USD peaked at 1.3893 last Friday, just shy of a multi-month falling trend line. Scope is now seen for a further swing higher to retest…

• GBP/JPY: Pushing Higher

  Published 27 December 2013 | viewed 0 times

  GBP/JPY is making new highs, confirming the underlying uptrend. The short-term technical configuration is positive as long as the support at 171.43 (intraday low) holds.…