MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• GBP/USD - Break Above Channel Resistance Fails to Hold

  Published 25 January 2012 | viewed 0 times

  GBP/USD saw a break over hourly channel resistance yesterday, warning of a breakout. However, initial signs suggest that a false break may have taken place,…

• EUR/USD Rebound Holds Steady Around 1.3000

  Published 24 January 2012 | viewed 0 times

  EUR/USD is holding steady around 1.3000, after the recent shortcovering rally from extreme momentum and liquidity conditions (with net short positions over 2 standard deviations…

• GBP/USD - Bear Channel Warns of Losses Ahead

  Published 23 January 2012 | viewed 0 times

  GBP/USD remains confined within a falling daily/hourly channel. A further swing lower is favoured from this region to test long-term trendline support, currently at 1.5170.…

• EUR/USD: Short-Covering Rally is Showing Signs of Weakness

  Published 20 January 2012 | viewed 0 times

  EUR/USD is showing signs of renewed weakness, after the recent shortcovering rally from extreme momentum and liquidity conditions (with net short positions over 2 standard…

• EUR/CHF: Short-Term Recovery Remains Muted for Now

  Published 19 January 2012 | viewed 0 times

  EUR/CHF may have printed a fresh lower high at 1.2133. While under hourly trend-line resistance off 1.2238 scope is seen for a further push under…

• Daily Technical Report

  Published 18 January 2012 | viewed 0 times

  AUD/USD: Failed breakout above 200-day average (1.0409)? AUD/USD bulls seem to have triggered a failed breakout above the 200-day moving average and reinstated the previous…

• Daily Technical Report

  Published 17 January 2012 | viewed 0 times

  EUR/USD is still attempting to unwind from oversold conditions once again, having recently carved out a bullish morning star pattern. However, the major trend remains…

• Daily Technical Report

  Published 16 January 2012 | viewed 0 times

  Gold has triggered a bear signal that is now pressuring price back into its 200-day moving average, beneath our key trigger level at $1660. Daily…

• Daily Technical Report

  Published 13 January 2012 | viewed 0 times

  USD/CHF has printed a lower high at 0.9567 which now opens up a re-test to 0.9306. Below this level would then greatly increase the probability…

• Daily Technical Report

  Published 12 January 2012 | viewed 0 times

  USD/CAD is weakening further from its triangle pattern ceiling, which coincided with an intraday DeMark™ exhaustion signal and daily bearish "evening star" candle pattern (see…

• Daily Technical Report

  Published 11 January 2012 | viewed 0 times

  Gold is re-testing its 200-day average, which was recently broken for the first time in 3 years. The previous move was triggered by a multi-month…

• Daily Technical Report

  Published 09 January 2012 | viewed 0 times

  EUR/USD: Temporary bullish unwinding targets 1.2870. EUR/USD is temporarily unwinding from oversold conditions, having recently broken under the major 2011 low at 1.2860 and reaching…

• Daily Technical Report

  Published 06 January 2012 | viewed 0 times

  AUD/USD has seen a clear break higher out of the triangular consolidation that we highlighted last week. This now opens up a return to 1.0753…

• Daily Technical Report

  Published 05 January 2012 | viewed 0 times

  Gold has re-tested its 200-day average, which was recently broken for the first time in 3 years. The move was triggered by a multi-month triangle…

• Daily Technical Report

  Published 04 January 2012 | viewed 0 times

  EUR/USD has registered a lower high at 1.3199 and is currently recovering after probing under 1.2946. Our cycle analysis successfully signaled increased volatility within the…

• Daily Technical Report

  Published 03 January 2012 | viewed 0 times

  Gold has re-tested its 200-day average, which was recently broken for the first time in 3 years. The move was triggered by a multi-month triangle…

• Daily Technical Report

  Published 29 December 2011 | viewed 0 times

  Gold: Second objective met. Stop moved to 1605. Gold has re-tested its 200-day average, which was recently broken for the first time in 3 years.…

• Daily Technical Report

  Published 28 December 2011 | viewed 0 times

  Gold has re-tested its 200-day average, which was recently broken for the first time in 3 years. The move was triggered by a multi-month triangle…

• Daily Technical Report

  Published 27 December 2011 | viewed 0 times

  EUR/USD is unwinding mildly from oversold conditions, driven by short-covering as the market adjusts to the break beneath 1.3146. Our cycle analysis successfully signalled increased…

• Daily Technical Report

  Published 23 December 2011 | viewed 0 times

  Gold is temporarily re-testing its 200-day average, which was recently broken for the first time in 3 years. The move was triggered by a multi-month…