Submitted Nov 19, 2012|From www1.migbank.com|1 comment

• GBP/JPY is testing a key resistance area defined by the declining trendline and 129.65. An hourly support can be found at 128.26 (16/11/2012 low). Another support can be found at 127.52 (14/11/2012 high). • GBP/JPY is still under the negative ...

Submitted Nov 15, 2012|From www1.migbank.com|1 comment

EUR/USD Continues to bounce. • EUR/USD is still bouncing. An hourly resistance is at 1.2790. The technical configuration is negative as long as prices remain below the resistance area between 1.2876 and 1.2894. • The break to the downside out of the ...

Submitted Nov 14, 2012|From www1.migbank.com|8 comments

• USD/JPY has successfully tested its rising trendline and has moved above the resistance at 79.76 (07/11/2012 low). The next resistance is at 80.03 (intraday high). Hourly supports are at 79.61 (09/11/2012 high) and 79.08 (09/11/2012 low). • ...

Submitted Nov 12, 2012|From www1.migbank.com|43 comments

EUR/USD has broken its key support at 1.2748 (see also 38.2% retracement of the rise from 1.2043 to 1.3172). The technical configuration is negative as long as prices remain below the resistance at 1.2876 (07/11/2012 high). Hourly resistance at ...

Submitted Nov 9, 2012|From www1.migbank.com

• GBP/JPY is weakening since it failed to break the resistance at 129.65. The short-term support area between 127.04 (30/10/2012 low) and 126.71 is challenged. A break would open the way for a move towards the support at 124.75 (see also rising ...

Submitted Oct 23, 2012|From www1.migbank.com|1 comment

• EUR/GBP has broken its declining trendline and its resistance at 0.8115. Monitor the key horizontal resistance at 0.8169. An hourly support is at 0.8108 (intraday low). • We see the rise from 0.7755 as a countertrend move within a long-term ...

Submitted Oct 10, 2012|From www1.migbank.com

EUR / USD Short-term rising trendline broken. EUR/USD has broken its short-term rising trendline. A second down leg (after the one from 17 September to 1 October) is likely underway. A short-term support is at 1.2804 (01/10/2012 low). Even though ...

Submitted Oct 9, 2012|From www1.migbank.com|5 comments

EUR/USD declined sharply yesterday, setting a potential lower high after the 17 September high. However, as long as the rising trendline holds, the short-term technical configuration remains supportive. • Even though the long-term trend is still ...

Submitted Oct 2, 2012|From www1.migbank.com|1 comment

• EUR/JPY saw some strength yesterday close to the support at 99.52. Monitor the hourly resistance is at 101.05 (25/09/2012 high). Shortterm resistance is at 102.10 (21/09/2012 low). • EUR/JPY is moving in a long-term downtrend. However, the ...

Submitted Oct 1, 2012|From www1.migbank.com

Support area at 99.52 has held thus far. • EUR/JPY's decline seems to fade close to the support at 99.52. A short-term bounce is likely. Hourly resistance is at 101.05 (25/09/2012 high). Other support is at 97.89 (28/08/2012 low). • EUR/JPY is ...

Submitted Sep 26, 2012|From www1.migbank.com

EUR / USD Break of the hourly support at 1.2891 favours further weakness. EUR/USD broke its hourly support at 1.2891 (24/09/2012 low) yesterday. A further corrective phase is favoured and should lead to a test of the support at 1.2755 (11/09/2012 ...

Submitted Sep 25, 2012|From www1.migbank.com|1 comment

EUR / USD Moving lower. EUR/USD posted a lower low yesterday, confirming the recent Euro weakness. A further corrective phase is favoured and should lead to a test of the support at 1.2755 (11/09/2012 low, see also 38.2% retracement from previous ...

Submitted Sep 20, 2012|From www1.migbank.com

EUR / USD Selling pressure is intensifying. 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 or sell-off suggests that the current strength in EUR ...

Submitted Sep 18, 2012|From www1.migbank.com|13 comments

• AUD/USD is weakening after failing to break its resistance at 1.0613 (09/08/2012 high, see also down trendline). The short-term support at 1.0427 (12/09/2012 low) is now challenged. • The proximity of the down trendline favours a significant phase ...

Submitted Sep 13, 2012|From www1.migbank.com|6 comments

• USD/CAD has rebounded on the support at 0.9725 yesterday. Still, a break of the resistance at 0.9843 is needed to suggest that something bigger than a short-term bounce is underway. • Since April 2010, USD/CAD has moved without a clear trend. ...

Submitted Sep 10, 2012|From www1.migbank.com|15 comments

• Gold has sharply moved higher on Friday. The next horizontal resistance is at 1762 (27/02/2012 low). • The target at 1730 (implied by the bullish breakout from the symmetrical triangle) has been reached. • The long-term support at 1523 has held ...

Submitted Aug 30, 2012|From www1.migbank.com

No recent higher high. • EUR/USD is starting to lose momentum as can be seen by the lack of a higher high since August 23. Moreover, the rising wedge (a bearish technical pattern) is still intact. A break of the support at 1.2431 (22/08/2012 low) is ...

Submitted Aug 29, 2012|From www1.migbank.com|1 comment

EUR / USD High of rising wedge challenged again. EUR/USD has strengthened yesterday. Still, no higher low has been made and the rising wedge (a bearish technical pattern) is still intact. A break of the support at 1.2431 (22/08/2012 low) is needed ...

Submitted Aug 28, 2012|From www1.migbank.com|1 comment

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 the end of the rise that started at 1.2043. • Given the lack of base formation, the recent strength ...

Submitted Aug 27, 2012|From www1.migbank.com|1 comment

• Silver is short-term overbought and is approaching its resistance at 31.44 (see also down trendline). A short-term corrective phase is likely to occur in the next few days. • Silver, like Gold, has been able to hold above its key medium-term ...