MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• GBP/USD: Making New Lows

  Published 14 February 2013 | viewed 0 times

  GBP/USD has moved below the support implied by the February intraday bullish reversal (1.5573). Further weakness is favoured. Supports can be found at 1.5491 (02/08/2012…

• EUR/USD: Hourly Bullish Head and Shoulders Validated

  Published 13 February 2013 | viewed 0 times

  EUR/USD has broken the resistance at 1.3429 (08/02/2013 high), validating a short-term bullish head and shoulders with an implied target at 1.3533. Hourly resistances are…

• AUD/USD: Declining Towards The Low of its Medium Term Horizontal Range

  Published 12 February 2013 | viewed 0 times

  AUD/USD continues to look weak after breaking under the key support at 1.0329. We now see scope for a return to the base of the…

• USD/JPY: Approaching The Strong Resistance at 94.99

  Published 11 February 2013 | viewed 0 times

  USD/JPY has recently weakened. However the support at 91.98 (05/02/2013 low) has thus far held. Another support can be found at 90.33. We favour a…

• EUR/USD: Break Under 1.3459 Suggests a Larger Corrective Phase

  Published 08 February 2013 | viewed 0 times

  EUR/USD has failed to hold over 1.3459. This now suggests scope for a larger corrective phase lower. We would need to see a break under…

• USD/JPY: Has Met and Exceeded Its Inverted Head and Shoulders Target

  Published 07 February 2013 | viewed 0 times

  USD/JPY is making higher highs confirming the strong underlying uptrend. In fact the long term inverted head and shoulders target has also been met close…

• GBP/USD: Approaching Long-Term Trend-Line Support

  Published 06 February 2013 | viewed 0 times

  GBP/USD's minor recovery stalled last Friday at 1.5879, followed by a sharp swing lower which has subsequently printed a fresh low, at 1.5631. This level…

• USD/CHF: Testing The Key Support at 0.9084/0.9079

  Published 05 February 2013 | viewed 0 times

  USD/CHF is testing the low of its horizontal range between 0.9079 and 0.9383. A decisive break of this support would open the way for a…

• USD/JPY: Continuing To Grind Higher

  Published 04 February 2013 | viewed 0 times

  USD/JPY is making higher highs confirming the strong underlying uptrend. Now above the resistance at 92.89 (04/06/2010 high), a further swing higher to 94.99 (04/05/2010…

• USD/JPY: Making New Highs

  Published 01 February 2013 | viewed 0 times

  USD/JPY is making higher highs confirming the strong underlying uptrend. A move towards the resistance at 92.89 (04/06/2010 high) is favoured. Another resistance can be…

• EUR/USD: Bullish Breakout at 1.3487

  Published 31 January 2013 | viewed 0 times

  EUR/USD has broken its strong resistance at 1.3487 (see also psychological resistance at 1.3500). Hourly supports can be found at 1.3482 (30/01/2013 low) and 1.3414…

• GBP/USD: Medium-Term Double-Top Validated

  Published 30 January 2013 | viewed 0 times

  GBP/USD has broken its support area defined by 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low). Further decline is expected as long as the resistance at…

• USD/JPY: Correcting

  Published 29 January 2013 | viewed 0 times

  USD/JPY is correcting after having broken its resistance at 90.25. Hourly supports can be found at 90.29 (25/01/2013 low) and 89.85 (intraday low). A move…

• GBP/USD: The Strong Support Area Has Been Breached

  Published 28 January 2013 | viewed 0 times

  GBP/USD has moved below its support area defined by 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low). A support can be found at 1.5637 (16/08/2012 low).…

• EUR/USD: Making New Highs

  Published 25 January 2013 | viewed 0 times

  EUR/USD is breaking to the upside out of its horizontal range defined by the support at 1.3249 (11/01/2013 low) and the resistance at 1.3404. The…

• USD/CAD: Bullish Breakout at 0.9973

  Published 24 January 2013 | viewed 0 times

  USD/CAD has broken to the upside out of its horizontal range between 0.9825 and 0.9973. A test of the resistance at 1.0057 (16/11/2012 high) is…

• GBP/USD: Challenging a Strong Support Area

  Published 23 January 2013 | viewed 0 times

  GBP/USD is challenging its key support area between 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low). In the short-term, the decline is overextended, suggesting that a…

• USD/CAD: Moving Towards The High of its Horizontal Range

  Published 22 January 2013 | viewed 0 times

  USD/CAD continues to move within its shortterm horizontal range between 0.9825 and 0.9973. The recent sharp move and the current mild correction favour a move…

• USD/JPY: Making New Highs

  Published 21 January 2013 | viewed 0 times

  USD/JPY has made a higher high. Hourly supports can be found at 89.23 (intraday low) and 88.73 (61.8% retracement of the rise from 87.79 to…

• GBP/USD: The Support at 1.6003 Has Been Broken

  Published 18 January 2013 | viewed 0 times

  GBP/USD has broken its support at 1.6003/1.5993 (09/01/2013 high) and is challenging the medium-term rising trendline. A break of this trendline would open the way…