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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.

  • EUR/USD: Selling Pressure is Intensifying

    Published 20 September 2012 | viewed 0 times

    EUR/USD has moved below its short-term support at 1.3022. A move towards the support at 1.2755 (11/09/2012) is now expected. The lack of base formation…

  • USD/CAD: Short-Term Bounce Weakening

    Published 19 September 2012 | viewed 0 times

    USD/CAD's bounce is fading close to the short-term resistance at 0.9774 (13/09/2012 high). Short-term support is at 0.9694 (17/07/2012 low). Strong resistance is at 0.9843…

  • EUR/USD: Pausing After a Sharp Rise

    Published 18 September 2012 | viewed 0 times

    EUR/USD has moved sideways after breaking the strong resistance at 1.3004. The current mild correction suggests a continued weak selling pressure. Short-term support is at…

  • EUR/USD: Bursting Higher Through the Resistance at 1.3004

    Published 17 September 2012 | viewed 0 times

    EUR/USD continues to move sharply higher. The strong resistance at 1.3004 has been broken. The next strong horizontal resistance is at 1.3284 (see also down…

  • EUR/USD: Strong Resistance at 1.3004 Breached

    Published 14 September 2012 | viewed 0 times

    EUR/USD has burst higher yesterday. The strong resistance at 1.3004 (which is also a psychological level) is failing, thus far, to cap Euro appreciation. The…

  • EUR/USD: Grinding Higher Towards Resistance at 1.3004

    Published 13 September 2012 | viewed 0 times

    EUR/USD continues to move higher despite deep overbought conditions. Monitor the strong resistance at 1.3004 (which is also a psychological level). Support is at 1.2755…

  • EUR/USD: Pushing Higher Through the 200-Day Moving Average

    Published 12 September 2012 | viewed 0 times

    EUR/USD continues to move higher despite deep overbought conditions. The resistance implied by the 200-day moving average has been breached. The next resistance is the…

  • EUR/USD: Pushing Higher

    Published 11 September 2012 | viewed 0 times

    EUR/USD has weakened but the current mild correction suggests continued strong buying pressure. The next resistances are given by the 200-day moving average and the…

  • EUR/USD: Bullish Breakout at 1.2748

    Published 10 September 2012 | viewed 0 times

    EUR/USD has broken its strong resistance at 1.2748 (see also down trendline and rising wedge). The next resistances are given by the 200-day moving average…

  • EUR/USD: Overextended and Testing Resistance Area

    Published 07 September 2012 | viewed 0 times

    EUR/USD continues to push higher. Still, it is now deeply overextended and testing the resistances area defined by the high of the rising wedge, the…

  • EUR/USD: Pushing Higher Towards Resistance Area

    Published 06 September 2012 | viewed 0 times

    EUR/USD has reversed to the upside yesterday, indicating a still strong buying pressure. Monitor the resistances given by the high of the rising wedge and…

  • EUR/USD: Bearish Wedge is Still Capping Prices

    Published 05 September 2012 | viewed 0 times

    EUR/USD has declined after touching the high of its rising wedge (bearish technical pattern). Support can be found at 1.2466 (28/08/2012 low, see also up…

  • EUR/USD: Grinding Higher Towards Strong Resistances Area

    Published 04 September 2012 | viewed 0 times

    EUR/USD has broken to the upside out of its short-term consolidation that started on 23 August. This favours further short-term strength. But, given the proximity…

  • EUR/USD: Strong Resistances Near

    Published 03 September 2012 | viewed 0 times

    EUR/USD moved higher yesterday. It is now close to the high of its rising wedge (a bearish technical pattern) but also to its down trendline.…

  • GBP/USD: Sharp Bearish Reversal on 30 August

    Published 31 August 2012 | viewed 0 times

    GBP/USD has sharply weakened after two days of technical improvements. Monitor the test of the support at 1.5755 (28/08/2012 low), as a decisive break would…

  • GBP/USD: Grinding Higher

    Published 30 August 2012 | viewed 0 times

    GBP/USD has successfully tested its short-term up trendline on 28 August. The low on that day (i.e. 1.5755) is now a short-term support. Resistance is…

  • EUR/USD: Gold Prices Continue to Fade at Resistance at 1672

    Published 29 August 2012 | viewed 0 times

    Gold has not been able, thus far, to break its resistance at 1672. Despite the upside potential at 1730 (implied by the bullish breakout from…

  • EUR/USD: The Rising Wedge Favours a Bearish Bias

    Published 28 August 2012 | viewed 0 times

    EUR/USD is still moving within its rising wedge (a bearish technical pattern). A break of the support at 1.2431 (22/08/2012 low) is needed to suggest…

  • USD/CHF: Short-Term Declining Channel Intact

    Published 27 August 2012 | viewed 0 times

    USD/CHF is in a short-term downtrend, but prices are reaching oversold levels. Strong support area between 0.9423 and 0.9368 (21/05/2012 low). We see the current…

  • EUR/USD: High of Rising Wedge Challenged

    Published 24 August 2012 | viewed 0 times

    EUR/USD is testing the high of its rising wedge (a bearish technical pattern). A failure to move higher would be a first sign of weakness…

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