Submitted Aug 24, 2012|From www1.migbank.com

• AUD/USD is testing the low of its rising channel. Further weakness is favoured towards 1.0177 (25/07/2012 low). • The rise started on 1 June is fading. Coupled with the long-term down trendline, we are inclined to short AUD/USD.

Submitted Aug 23, 2012|From www1.migbank.com|2 comments

EUR / USD Short-term rebound pushing higher. EUR/USD strength is reaching overbought levels. Price resistances are given by the down trendline and by the 18 June high (i.e. 1.2748). Given the lack of base formation, the recent strength in EUR is ...

Submitted Aug 20, 2012|From www1.migbank.com|8 comments

• USD/CAD completed a bullish engulfing pattern on 17 August. It suggests a potential short-term return of demand for USD Dollars, especially as USD/CAD is now close to its strong support at 0.9800 and is deeply oversold. • Given the long-term ...

Submitted Aug 17, 2012|From www1.migbank.com|2 comments

EUR / USD Breaks minor channel support. Stop moved to 1.2450. EUR/USD has managed to break under the support of a minor rising channel in the daily time frame. We have thus decided to move our stop to rest just above 1.2444. Focusing on the USD ...

Submitted Aug 16, 2012|From www1.migbank.com

EUR / USD Breaks minor channel support. Stop moved to 1.2450. EUR/USD has managed to break under the support of a minor rising channel in the daily time frame. We have thus decided to move our stop to rest just above 1.2444. Focusing on the USD ...

Submitted Aug 14, 2012|From www1.migbank.com

EUR / USD Edges higher towards old double top at 1.2443. EUR/USD is edging closer to the old double top at 1.2443 where strong resistance is anticipated. The deep pullback that we are witnessing in the US Dollar Index is what is ultimately required ...

Submitted Aug 8, 2012|From www1.migbank.com

EUR / USD Lower high sought in the current region. EUR/USD attempted to break over the 1.2443 high yesterday, meeting resistance once again. Scope is now seen for a lower high to form in this region for a fresh attempt to the downside. If a break ...

Submitted Aug 7, 2012|From www1.migbank.com|3 comments

• AUD/USD met initial resistance close to 1.0600 today, peaking at 1.0603 thus far. WE now look for a sharp correction lower to target the 1.0400 region initially and then potentially on towards 1.0330. • Should this scenario pan out we would deem ...

Submitted Aug 6, 2012|From www1.migbank.com|1 comment

EUR / USD Tests the key low at 1.2408 once again. EUR/USD returned to test the 1.2408 key low made at the end of June once again on Friday, this time reaching 1.2443. Thus our assumption that the corrective phase from 1.2063 was over proved ...

Submitted Aug 3, 2012|From www1.migbank.com|2 comments

Daily Technical Report from MIG Bank

Submitted Aug 2, 2012|From www1.migbank.com

Daily Technical Report from MIG BANK

Submitted Jul 31, 2012|From www1.migbank.com|8 comments

Sustained above 1.2408 required to weaken the bearish bias. • 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 low at 1.2063 to guage if the pullback is complete at 1.2390. ...

Submitted Jul 27, 2012|From www1.migbank.com

• 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 number of stops clustered under 1.0066/63, we see a good chance of further weakness to test ...

Submitted Jul 26, 2012|From www1.migbank.com|8 comments

• 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. • If a break under 1.0263 is realised before filling this strategy, we will remove it from the ...

Submitted Jul 23, 2012|From www1.migbank.com

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. EUR/USD broke below 1.2163, giving room for downside potential and targeting the ...

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

USD/CAD – Approaches a region of strong support

Submitted Jul 19, 2012|From www1.migbank.com

• 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 to the old trading range between 0.6500 and 0.7000. • We maintain a tight stop and also will cancel ...

Submitted Jul 17, 2012|From www1.migbank.com

EUR/USD Approaches a region of resistance. Lower high sought. • EUR/USD remains within the midst of a shortterm corrective phase higher. The 1.2300 region has already been met, with scope for yet further near-term gains. However, strong resistance ...

Submitted Jul 16, 2012|From www1.migbank.com

Within the midst of a short-term corrective phase higher. • 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 longer lasting high may form. • An earlier break back under ...

Submitted Jun 27, 2012|From www1.migbank.com|2 comments

EUR/USD appears to be in a short term squeeze higher, with resistance expected close to 1.2515 and 1.2560. • Should these moves take place, or, if an earlier break under 1.2442 (26 June low) can be achieved, then a substantial extension lower would ...