MIG Bank

MIG Bank

Contributor since: 13 Apr 2011

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• Daily Technical Report

  Published 12 July 2011 | viewed 0 times

  Gold is now unwinding its recent fall, which still remains within a larger volatile range. We continue to expect this counter reaction to be limited…

• Daily Technical Report

  Published 11 July 2011 | viewed 0 times

  EUR/USD: Verging on downside breakout from major pattern. EUR/USD has resumed its bearish activity and is now verging on a breakout from that all-important triangle…

• Daily Technical Report

  Published 07 July 2011 | viewed 0 times

  EUR/USD's corrective activity extends ahead of today's ECB meeting, having recently failed beneath key resistance at 1.4550/67 (a confluence of a multi-week triangle pattern and…

• Daily Technical Report

  Published 05 July 2011 | viewed 0 times

  Gold's downside trigger at 1510/11 has capped the recent pullback and now resumes corrective activity which is already playing out in Gold priced in other…

• Daily Technical Report

  Published 01 July 2011 | viewed 0 times

  USD/JPY is returning back into the psychological 80.00 zone again, having failed to break above our initial upside trigger. We remain bullish in the medium…

• Daily Technical Report

  Published 29 June 2011 | viewed 0 times

  Gold: Bears are likely to push into 1474.69 (38.2% Fib) and 1442.92 (50% Fib), with overshoot risk into1416.19/1411.13 (200-day MA/61.8% Fib). Daily Technical Report  

• Daily Technical Report

  Published 27 June 2011 | viewed 0 times

  Gold's correction has extended lower beneath our trigger level at 1510/11 and we have now activated our short position. The move is also unwinding a…

• Daily Technical Report

  Published 23 June 2011 | viewed 0 times

  EUR/USD's bearish dynamic is preparing for an attack on 1.4148 (38.2% Fib-Jan 2011 uptrend). In Elliott Wave terms, we continue to view this move as…

• Daily Technical Report

  Published 21 June 2011 | viewed 0 times

  EUR/CHF continues to consolidate with a slight negative bias, warning of a lack of downside momentum. We have also met support of a multi-month falling…

• Daily Technical Report

  Published 17 June 2011 | viewed 0 times

  Gold: Bulls need to push back above 1550.20 (01 June high), in order to offer a recapture of the all-time high at 1577.57. Only a…

• Daily Technical Report

  Published 15 June 2011 | viewed 0 times

  EUR/USD: In Elliott terms, we view this move as an impulsive 3. Expect a strong decline, punctured with with short covering rallies, similar to the…

• Daily Technical Report

  Published 14 June 2011 | viewed 0 times

  Gold is losing rally momentum, within its larger consolidation. It is important to remember this recovery is still tempered against the backdrop of Gold's sharp…

• Daily Technical Report

  Published 06 June 2011 | viewed 0 times

  EUR/USD's short-term rally extended higher following last Friday's event risk and nears extreme resistance at 1.4711 (76.4% Fib retrace of the April decline). Daily Technical…

• Daily Technical Report

  Published 02 June 2011 | viewed 0 times

  Silver's bearish harami pattern, coupled with s/t DeMark exhaustion signal, has tempered the recent recovery and opens up potential for a resumption lower. Daily Technical…

• Special Report on GBP/AUD

  Published 01 June 2011 | viewed 0 times

  We have broken above the diamond resistance. A sustained push back over 1.5528 will result in a fresh high being printed increasing the strength of…

• Daily Technical Report

  Published 01 June 2011 | viewed 0 times

  EUR/USD's short-term rally may face challenges into 1.4520 (April congestion highs), against a backdrop of the larger correction beneath that all-important psychological ceiling at 1.5000…

• Daily Technical Report

  Published 30 May 2011 | viewed 0 times

  It is also worth continuing to monitor Gold's COT liquidity readings which are weakening back into a key structural level. A sustained close below this…

• Daily Technical Report

  Published 26 May 2011 | viewed 0 times

  Gold is losing rally momentum within its larger consolidation. It is important to remember this recovery is still tempered against the backdrop of Gold's 7%…

• Daily Technical Report

  Published 20 May 2011 | viewed 0 times

  It is still worth keeping an eye on Gold's (COT) liquidity measures which is currently weakening and potentially reverting back to its 1.5 year structural…

• Daily Technical Report

  Published 18 May 2011 | viewed 0 times

  Silver appears to have entered a consolidation phase after finding support at 32.3125 last week. Given the structure of the fall from 49.790 we anticipate…