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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.

  • Gold: Challenging Its Declining Channel

    Published 26 November 2013 | viewed 0 times

    Gold is challenging its declining channel. The hourly resistance at 1251 has been broken. Monitor the other horizontal resistance at 1269 (19/11/2013 low). An initial…

  • GBP/USD: Approaching The Key Resistance at 1.6260

    Published 25 November 2013 | viewed 0 times

    GBP/USD is close to the key resistance at 1.6260. An initial support can be found at 1.6177 (22/11/2013 low). Other supports can be found at…

  • USD/CAD: Breaking Out of Its Declining Channel

    Published 22 November 2013 | viewed 0 times

    USD/CAD has broken to the upside out of its declining channel. A further short-term rise is favoured. Resistances stand at 1.0568 and 1.0609. Supports can…

  • USD/JPY: Moving Higher

    Published 21 November 2013 | viewed 0 times

    USD/JPY has confirmed its improving technical structure by moving above the resistance at 100.61. The short-term technical configuration is positive as long as the support…

  • AUD/USD: Weakening

    Published 20 November 2013 | viewed 0 times

    AUD/USD's inability to follow-through after the break of the resistance at 0.9394 casts doubts on the short-term double-bottom formation. Monitor the hourly support at 0.9353…

  • Silver: The Key Support at 20.50 Has Been Broken

    Published 19 November 2013 | viewed 0 times

    Silver has broken its key support at 20.50, opening the way for a further decline. Supports can now be found at 20.10 (09/08/2013 low) and…

  • EUR/USD: Grinding Higher

    Published 18 November 2013 | viewed 0 times

    EUR/USD continues to grind higher after having successfully tested its recent low at 1.3296 (see also the 50% retracement). A resistance stands at 1.3548 (see…

  • USD/JPY: Breaking To The Upside Out of a Symmetrical Triangle

    Published 15 November 2013 | viewed 0 times

    USD/JPY has broken the resistance implied by the declining trendline. The short-term technical configuration is positive as long as the support at 99.11 (12/11/2013 low)…

  • Silver: Successful Test of The Key Support at 20.50

    Published 14 November 2013 | viewed 0 times

    Silver has successfully tested the key support at 20.50. Resistances for a short-term bounce can be found at 21.30 (intraday high) and 21.55 (intraday high).…

  • EUR/JPY: Bouncing Sharply

    Published 13 November 2013 | viewed 0 times

    EUR/JPY has bounced sharply after the successful test of the key support at 131.15. The resistance at 133.73 (06/11/2013 high) has been breached. Hourly supports…

  • USD/CHF: Monitor The Recent High at 0.9250

    Published 12 November 2013 | viewed 0 times

    USD/CHF has thus far only mildly declined near the resistance implied by the recent high at 0.9250. A break of this resistance would open the…

  • AUD/USD: Making New Lows

    Published 11 November 2013 | viewed 0 times

    AUD/USD is in a corrective phase, as can be seen by the recent new lows below the support at 0.9422. A decline towards the support…

  • EUR/USD: Bearish Breakout at 1.3462

    Published 08 November 2013 | viewed 0 times

    EUR/USD has broken the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement), confirming that a significant top at 1.3832…

  • EUR/USD: Recent Low Has Thus Far Held

    Published 07 November 2013 | viewed 0 times

    EUR/USD has thus far successfully tested the support area defined by 1.3462 and the rising channel (see also the 38.2% retracement). An hourly resistance can…

  • USD/CAD: Moving Higher

    Published 06 November 2013 | viewed 0 times

    USD/CAD moved higher yesterday following the bullish intraday reversal made on 4 November. Monitor the key resistance implied by the declining channel (around 1.0507). Hourly…

  • EUR/USD: Weak Bounce Thus Far

    Published 05 November 2013 | viewed 0 times

    EUR/USD bounced yesterday near the key support area defined by 1.3462 and the rising channel (see also the 38.2% retracement). However, the rise has thus…

  • EUR/USD: Testing The Key Support Area Around 1.3462

    Published 04 November 2013 | viewed 0 times

    EUR/USD has declined sharply and is now challenging the key support area defined by 1.3462 and the rising channel (see also the 38.2% retracement). A…

  • EUR/USD: Significant Top Likely In Place

    Published 01 November 2013 | viewed 0 times

    EUR/USD declined sharply yesterday, breaking both the key support at 1.3651 and the shortterm rising trendline. A further decline towards the strong support area defined…

  • EUR/USD: Weakening

    Published 31 October 2013 | viewed 0 times

    EUR/USD continues to weaken, confirming some exhaustion in buying interest. A key support stands at 1.3651 (21/10/2013 low, see also the shorter term rising trendline).…

  • USD/JPY: The Short Term Decline Has Been Broken

    Published 30 October 2013 | viewed 0 times

    USD/JPY has broken the resistance at 97.79 (see also the declining channel), invalidating the short-term bearish trend. A move towards the resistance at 99.01 is…

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