MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• EUR/GBP: While Under 0.7963, Rise Seen as Corrective

  Published 23 August 2012 | viewed 0 times

  EUR/GBP remains within a large corrective phase. While under 0.7963 we view the move as a corrective phase and look for a lower high versus…

• EUR/USD: Rebound Extending Above 1.2444

  Published 22 August 2012 | viewed 0 times

  Remainder of long position stopped for profit at 1.2450. Given the lack of base formation, the recent strength in EUR is seen as a rebound…

• AUD/USD: Initial Support Seen Close to 1.0444 High

  Published 21 August 2012 | viewed 0 times

  Stop adjusted to 1.0540. AUD/USD has found initial support close to the prior key high at 1.0444. If a break over 1.0529 (17/08/2012 high) can…

• EUR/USD: Hourly Consolidation Favoured to Resolve Lower

  Published 20 August 2012 | viewed 0 times

  EUR/USD saw a minor break under daily channel support last week that failed to garner momentum. We would thus view a push back over 1.2444…

• Silver: Resistance at 28.45 is Once Again Challenged

  Published 17 August 2012 | viewed 0 times

  Silver is once again testing its resistance at 28.45 (03/07/2012 high). A break of the hourly support at 27.53 is needed to invalidate the short-term…

• USD/CAD - New Lower Lows Call for Further Shortterm Weakness

  Published 16 August 2012 | viewed 0 times

  USD/CAD has failed to hold its hourly support at 0.9905. Further weakness towards 0.9800 is favoured. Given the short-term oversold conditions and the significant support…

• EUR/USD: Under 1.2317 Required to Weaken Shortterm Structure

  Published 15 August 2012 | viewed 0 times

  EUR/USD is testing 1.2317 (10/08/2012 intraday high) below which will weaken the short-term structure in favour of the bears. Focusing on the USD Index, we…

• USD/CAD: Strong Support Near 0.9800

  Published 14 August 2012 | viewed 0 times

  USD/CAD is still under the influence of its short-term downtrend. The first resistance to monitor is the 10 August high at 0.9970. Given the short-term…

• EUR/USD - Further Downside Anticipated

  Published 13 August 2012 | viewed 0 times

  EUR/USD appears to have entered a short-term consolidation phase which is favoured to yield a lower high versus the recent 1.2443 double top. Failure to…

• EUR/USD: Short-Term Structure Favours Supply Near 1.2300

  Published 10 August 2012 | viewed 0 times

  EUR/USD has continued lower, as expected, after forming a minor double top at 1.2443. Short-term structure continues to favour fresh supply on a return to…

• USD/CAD: Downside Pressure Still Underway

  Published 09 August 2012 | viewed 0 times

  The bearish trend that started on June 4 is still underway. Given the current overextended decline and the significant support area near 0.9800, we would…

• USD/CAD: Falling Wedge Remains a Longer-Term Bullish Signal

  Published 08 August 2012 | viewed 0 times

  USD/CAD continues to grind lower towards the key low at 0.9954. While above this key low we see scope for a recovery higher. Failure to…

• EUR/USD: Consolidates Close to the Key Low at 1.2408

  Published 07 August 2012 | viewed 0 times

  EUR/USD continues to consolidate just near the key low at 1.2408. We still expect this region to yield a degree of supply and view it…

• Silver: A Return to 26.07/16 Remains Our Favoured Scenario

  Published 06 August 2012 | viewed 0 times

  Silver, like gold, remains range bound, with a mild downwards trend still intact. We would be willing to participate from the long side if a…

• EUR/USD: Returns to Test the 1.2408 Low

  Published 03 August 2012 | viewed 0 times

  EUR/USD spiked higher yesterday to re-test the 1.2408 key low made at the end of June. This now likely ends the corrective phase from 1.2063,…

• Gold: Failure to Break Over 1629.35 Warns of a Relapse

  Published 02 August 2012 | viewed 0 times

  Gold has failed to maintain its rise above the triangular consolidation. Instead the relapse that we had feared has taken place. This now warns of…

• EUR/USD - While Under 1.2408 a Return to 1.2063 is Favoured

  Published 31 July 2012 | viewed 0 times

  EUR/USD appears to be in the midst of a corrective phase. In a similar manner to EUR/JPY we look for a re-test of the recent…

• USD/CAD - Strong Support Anticipated in Current Region

  Published 30 July 2012 | viewed 0 times

  USD/CAD has finally fallen to test the region in which we now seek a higher low, after breaking under the 1.0066/63 platform and clearing out…

• USD/CAD - Stops Under 1.0066/33 Make a Re-test of 1.0050 Likely

  Published 27 July 2012 | viewed 0 times

  USD/CAD weakened considerably following the failure to break over 1.0250 earlier in the week. Given the extent of the fall since Wednesday and the large…

• AUD/USD - Lower High Sought in Current Region

  Published 26 July 2012 | viewed 0 times

  AUD/USD has risen to test the region close to our favoured short entry location, falling short of the 1.0350 target price, reaching 1.0346 so far.…