MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• Gold: Range Break is Suggestive of Further Near-Term Downside

  Published 14 May 2013 | viewed 0 times

  Gold has broken to the downside out of its trading range between 1441 (01/05/2013 low) and 1488. This now increases the probability that we can…

• EUR/USD: Finds Support Close to the 1.2955 Level

  Published 13 May 2013 | viewed 0 times

  EUR/USD broke under the 200 day moving average. We now look to see if the break lower can be maintained. As mentioned in Friday's report,…

• USD/JPY: Above 99.95 Favours an Extension Towards 105.00 Initially

  Published 10 May 2013 | viewed 0 times

  USD/JPY has managed to break over the 99.95 high in recent trade. Given prior daily structure, we continue to favour a further extension higher towards…

• EUR/USD: Further Short-Term Upside Anticipated

  Published 08 May 2013 | viewed 0 times

  EUR/USD's failure to push lower yesterday increases the chances of a move higher towards our target zone for short entry near 1.3300. Any near-term strength…

• USD/JPY: The 100.00 Level is Acting as Strong Resistance For Now

  Published 07 May 2013 | viewed 0 times

  USD/JPY has approached the 100.00 level on a number of occasions over the last few weeks, each time meeting with strong resistance. Thus if a…

• Silver: Daily Bear Flag Suggests Further Downside

  Published 06 May 2013 | viewed 0 times

  Silver appears to have formed a bear flag in the daily timeframe, with a break under 22.07 (annual low) likely to trigger a further extension…

• USD/JPY: Bouncing

  Published 03 May 2013 | viewed 0 times

  USD/JPY has successfully tested the support at 97.01. Monitor the hourly resistance at 98.33, as a decisive break would call for a move at 99.25…

• AUD/USD: Moving Sharply Lower

  Published 02 May 2013 | viewed 0 times

  AUD/USD collapsed yesterday close to its resistance at 1.0398. It is now close to its previous low and support at 1.0221. Another support is at…

• USD/CAD: Bearish Breakout at 1.0084

  Published 01 May 2013 | viewed 0 times

  USD/CAD has broken the support area between 1.0102 and 1.0084. A test of the key support at 1.000 (see also the 200 day moving average…

• EUR/USD: Bouncing

  Published 30 April 2013 | viewed 0 times

  EUR/USD has broken its short-term declining trendline and is now challenging the resistance at 1.3129 (19/04/2013 high). Another resistance can be found at 1.3202 (16/04/2013…

• Gold: Monitor the Resistance at 1496

  Published 29 April 2013 | viewed 0 times

  Gold has thus far failed to break the resistance at 1496 (15/04/2013 high, see also 61.8% retracement). Hourly supports can be found at 1442 (intraday…

• AUD/USD: Bounce is Fading

  Published 26 April 2013 | viewed 0 times

  AUD/USD is moving in a tiny range between the hourly support at 1.0285 and the hourly resistance at 1.0340. Another support is at 1.0221 (23/04/2013…

• USD/CHF: Moving Higher

  Published 25 April 2013 | viewed 0 times

  USD/CHF's rise is approaching the strong resistance area between 0.9527 and 0.9567. An hourly support is at 0.9444. Another support can be found at 0.9389…

• EUR/USD: Drifting Lower

  Published 24 April 2013 | viewed 0 times

  EUR/USD made a new low yesterday, which favours a bearish bias. Monitor the hourly support at 1.2962 (08/04/2013 low). Another support can be found at…

• USD/CHF: Bullish Breakout at 0.9340

  Published 23 April 2013 | viewed 0 times

  USD/CHF has broken the resistance at 0.9340, validating a short-term base formation. Monitor the key resistance at 0.9375 (08/04/2013 high). Another resistance can be found…

• USD/JPY: Challenging The Recent Highs at 99.94

  Published 22 April 2013 | viewed 0 times

  USD/JPY is challenging the resistance at 99.94 (11/04/2013 high). Monitor also the strong resistance at 101.45. Hourly supports can be found at 98.96 (intraday low)…

• GBP/USD: Short-Term Bearish Head and Shoulders Validated

  Published 19 April 2013 | viewed 0 times

  GBP/USD has validated a short-term bearish head and shoulders formation. Monitor the declining trendline, as a break would invalidate this bearish formation. Hourly supports are…

• EUR/USD: Bearish Engulfing Pattern Casts a Negative Bias

  Published 18 April 2013 | viewed 0 times

  EUR/USD completely retraced Tuesday's rise yesterday, validating a bearish engulfing pattern and calling for a short-term bearish bias. Hourly resistances can be found at 1.3102…

• USD/CAD: Bullish Breakout at 1.0236

  Published 17 April 2013 | viewed 0 times

  USD/CAD has moved out of its declining channel and has broken the resistance at 1.0236. Further short-term strength is favoured. Hourly resistances are at 1.0285…

• EUR/USD: Short Term Correction

  Published 16 April 2013 | viewed 0 times

  EUR/USD is close to the key resistance area defined by 1.3107 (15/03/2013 high, see also 38.2% retracement of the decline from 1.3711) and 1.3162 (28/02/2013…