MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• EUR/JPY - Lower High Sought For Break Under Multi-Month Wedge Support

  Published 25 July 2012 | viewed 0 times

  EUR/JPY is currently testing the support of a multi-month falling wedge. Scope is seen for a short-term corrective phase higher. However, a lower high is…

• EUR/JPY - End of Hopes of a Return to 97.50 Due to The Push Under 96.17

  Published 24 July 2012 | viewed 0 times

  EUR/JPY broke the previous low at 95.60, approaching support at 94.00. We remain focused on the longer-term structure which is dominated by a multi-month falling…

• GBP/JPY - Confirmation With a Break Under 122.05

  Published 23 July 2012 | viewed 0 times

  GBP/USD broke under 122.05, level required for a confirmation to sell momentum. Further downside potential will be supported once previous low at 118.81 is broken.…

• USD/CAD - Approaches a Region of Strong Support

  Published 20 July 2012 | viewed 0 times

  USD/CAD failed to hold over the 1.0101 low, reaching 1.0066 so far. We remain strongly bullish expecting a great deal of demand close to current…

• EUR/GBP - Hourly Falling Wedge Warns of Minor Recovery Higher

  Published 19 July 2012 | viewed 0 times

  EUR/GBP is exhibiting a falling wedge in the hourly time frame which warns of a recovery higher in the short-term. Ultimately we seek a return…

• EUR/JPY - Lower High Favoured Near 97.50

  Published 18 July 2012 | viewed 0 times

  USD/JPY is making slow grinding process to the downside, as expected. We are now in a risk free trade, with the stop moved to entry.…

• USD/JPY - Short-Term Rise Tests the 200 Day Moving Average as Resistance

  Published 17 July 2012 | viewed 0 times

  First objective met. Stop moved to entry. USD/JPY pushed clearly under the 200 day moving average yesterday. Today has seen a corrective phase higher to…

• EUR/USD - Back Under 1.2163 Favours an Extension Lower

  Published 16 July 2012 | viewed 0 times

  EUR/USD appears to be in the midst of a shortterm corrective phase higher. Scope is seen for a test of the 1.2300 region before a…

• EUR/USD - Corrects Higher Short-term, Ahead of Fresh Weakness

  Published 13 July 2012 | viewed 0 times

  Lower third objective to 1.1300. EUR/USD appears to have met the support that we had been anticipating near 1.2150. This now opens up scope for…

• EUR/USD: Break Over 83.542 Signals Stronger Long-term Rise for USD

  Published 12 July 2012 | viewed 0 times

  EUR/USD has broken under the range of yesterday towards the short-term target at 1.2150. Should this level be met, a degree of support would be…

• USD/CAD: Hourly Structure Suggests Scope For Further Gains

  Published 11 July 2012 | viewed 0 times

  USD/CAD has an hourly structure that suggests scope for a further squeeze higher to re-test the 1.0363 high. Should this occur, it would mark 1.0101…

• USD/JPY: Minor Break Lower Adds to Downside Pressure

  Published 10 July 2012 | viewed 0 times

  USD/JPY has today broken to the downside. A push under 79.157 is now sought to initiate a fresh impulsive move to the downside. We continue…

• USD/CHF: Higher Low Sought Near 0.97

  Published 09 July 2012 | viewed 0 times

  USD/CHF has managed to print a fresh annual high at 0.9839, so far. This adds to the medium-term bullish structure that we have discussed many…

• AUD/USD - Short Term Topping Formation in Place

  Published 06 July 2012 | viewed 0 times

  AUD/USD continues to exhibit short-term structure that suggests a degree of exhaustion, warning of a relapse lower. We now require some downside follow through to…

• AUD/USD - Lower High Sought in the Current Region

  Published 05 July 2012 | viewed 0 times

  AUD/USD exhibits an ending diagonal of sorts in the hourly time frame. In particular we have seen a push higher which has been rejected. We…

• AUD/USD - Lower High Sought in the Current Region

  Published 04 July 2012 | viewed 0 times

  AUD/USD exhibits an ending diagonal of sorts in the hourly time frame. In particular we have seen a push higher which has been rejected. We…

• AUD/USD - Signs of Exhaustion Suggest Scope For a Lower High to Form

  Published 03 July 2012 | viewed 0 times

  AUD/USD continues to edge higher after stopping the remainder of our short position last Friday at the point of entry. We remain longer-term bearish and…

• EUR/USD - Remains Within a Corrective Phase From 1.2288

  Published 02 July 2012 | viewed 0 times

  EUR/USD is still viewed to be within a corrective phase from the recent 1.2288 low. A break over 1.2748 is required to open up a…

• EUR/USD - Tests Key 61.8% Retrace

  Published 29 June 2012 | viewed 0 times

  EUR/USD has reacted to political news this morning by rising sharply, testing the 61.8% retrace of the 1.2748 – 1.2408 fall. This rise is viewed…

• EUR/USD - Further Extension Lower Favoured Towards 1.2288

  Published 28 June 2012 | viewed 0 times

  EUR/USD has met resistance close to 1.2515 as expected leading to a strong push lower towards 1.2400. This now favours a further extension lower targeting…