MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• Gold: Bouncing, But No New High Yet

  Published 04 September 2013 | viewed 0 times

  Gold has bounced, breaking the initial resistance at 1405 (intraday high). We would still favour a second down leg towards the key support at 1352…

• EUR/GBP: The Growing Bearish Momentum Has Crushed The Long-Term Rising Trendline

  Published 03 September 2013 | viewed 0 times

  EUR/GBP has broken its long-term rising trendline, confirming an increasing bearish momentum. The support at 0.8470 (12/06/2013 low) is challenged. An hourly resistance stands at…

• AUD/USD: Potential Short-Term Base in Place

  Published 02 September 2013 | viewed 0 times

  AUD/USD has successfully tested its recent low at 0.8893. The test of its previous peak at 0.8979 (29/08/2013 high) suggests a potential short-term double-bottom with…

• EUR/JPY: Consolidation Continues

  Published 30 August 2013 | viewed 0 times

  EUR/JPY is performing in a manner that is similar to what we have seen in GBP/JPY. Until the consolidation range between 127.98 and 132.74 (12/08/2013…

• EUR/USD: Short-Term Corrective Phase or Medium-Term Reversal?

  Published 29 August 2013 | viewed 0 times

  EUR/USD is challenging the support area defined by 1.3298 and the low of its rising channel (see also the potential short-term declining channel). The short-term…

• AUD/USD: Approaching Its Previous Yearly Low at 0.8848

  Published 28 August 2013 | viewed 0 times

  AUD/USD has breached its low at 0.8932 and has almost reached the downside risk at 0.8895 implied by the recent short-term double-top. A key support…

• GBP/USD: Challenging its Previous Low

  Published 27 August 2013 | viewed 0 times

  GBP/USD has broken the support at 1.5608 and the subsequent bounce attempts have thus far been unimpressive. The key resistance at 1.5752 coupled with short-term…

• USD/CAD: Last Friday's Reversal Favours a Short Term Corrective Phase

  Published 26 August 2013 | viewed 0 times

  USD/CAD made a bearish reversal last Friday. Given the strong resistance area defined by 1.0609 and 1.0658, a short-term corrective phase seems likely. Supports are…

• AUD/USD: The Short-Term Double-Top Calls for Further Weakness

  Published 23 August 2013 | viewed 0 times

  AUD/USD has broken its support at 0.9058, after failing to decisively break the resistance at 0.9221. The implied short-term double-top calls for further weakness towards…

• USD/JPY: Approaching its Previous High at 98.65

  Published 22 August 2013 | viewed 0 times

  USD/JPY remains in a short-term succession of lower lows and lower highs since its peak at 101.53. However, the move above the initial resistance at…

• USD/CAD: Approaching The Key Short-Term Resistance at 1.0445

  Published 21 August 2013 | viewed 0 times

  USD/CAD is likely in corrective phase following its decline from its 1.0609 peak. Even though scope is still seen for a move higher back towards…

• USD/JPY: Drifting Lower

  Published 20 August 2013 | viewed 0 times

  USD/JPY remains in a short-term succession of lower lows and lower highs since its peak at 101.53. A break of the resistance at 98.65 (15/08/2013…

• EUR/USD: Strong Resistance Seen at 1.3417

  Published 19 August 2013 | viewed 0 times

  EUR/USD remains in a succession of higher lows with a significant support at 1.3190 (02/08/2013 low). However, prices are short-term overbought and are close to…

• Gold: Break Over 1348.65 Warns of a Substantial Extension Higher

  Published 16 August 2013 | viewed 0 times

  Gold has managed to break over the key 1348.65 high (24/07/2013). This now greatly weakens the bearish structure that had been so dominant over recent…

• EUR/USD: Recent Fall From 1.3400 Seen as Corrective

  Published 15 August 2013 | viewed 0 times

  EUR/USD is deemed to be in the midst of a corrective phase off the recent 1.3400 high. A sustained break back under 1.3190 (02/08/2013 low)…

• AUD/USD: A Further Leg Higher is Still Anticipated

  Published 14 August 2013 | viewed 0 times

  AUD/USD has eased back from the recent 0.9221 high (12/08/2013). This weakness had been anticipated, however, a higher low is still anticipated above 0.8848 (05/08/2013…

• GBP/JPY: Further Upside Favoured

  Published 13 August 2013 | viewed 0 times

  GBP/JPY continues to develop short-term structure that is suggestive of a stronger recovery developing from the 148.00 region, with a return to 154.05 (24/07/2013 high)…

• Silver: Break Over 20.63 Strengthens Outlook

  Published 12 August 2013 | viewed 0 times

  Silver has now broken over the key 20.63 high (23/07/2013). This is a clear indication of strength and an early sign of an evolving basing…

• EUR/USD: Next Target 1.3417

  Published 09 August 2013 | viewed 0 times

  EUR/USD is holding above the recent high at 1.3345 (31/07/2013). A retest of the key high at 1.3417 (19/06/2013) is now anticipated. A push under…

• USD/CAD: A Lower High Under 1.0609 is Anticipated

  Published 08 August 2013 | viewed 0 times

  USD/CAD may have resumed its short term upside recovery from 1.0246 (01/08/2013 low). However, as mentioned in recent reports we are anticipating the formation of…