Submitted Jun 25, 2012|From www1.migbank.com

EUR/USD Next targets 1.2437. • EUR/USD has relapsed lower after breaking under minor hourly trend-line support from 1.2288. • Today’s push under 1.2520 now strengthens the bearish outlook, with the next downside target at 1.2437. • Focusing on the ...

Submitted Jun 15, 2012|From migbank.com|4 comments

EUR/USD continues to look strong in the short-term timeframe. However, the rise since 1.2446 is deemed to be the final leg higher in a corrective phase. • A break under 1.2437 is initially required to weaken the outlook, but ultimately a push under ...

Submitted Jun 14, 2012|From migbank.com

EUR/GBP met strong resistance in recent trade at 0.8169. However the follow through has been limited with potential now for a higher low at 0.8012 (12/06/2012 low). • This price action warns that the fall from 0.8506 is now exhausted warning of a ...

Submitted Jun 12, 2012|From migbank.com

Under 1.0201 opens up a return to parity. • USD/CAD’s latest bullish breakout above the 200-day average appears to have reached exhaustion. • Scope is now seen for a fresh fall back down towards parity again, before the potential for a higher low. • ...

Submitted Jun 6, 2012|From www1.migbank.com|8 comments

EUR/USD is continuing to unwind from oversold conditions, following the worst-than expected US non-farm payrolls, which triggered economic recovery concerns last week. • Near-term resistance is likely to cap at 1.2590, then 1.2650 and 1.2824 (22nd ...

Submitted Jun 1, 2012|From www1.migbank.com|1 comment

EUR/USD is pushing to fresh new lows ahead of the NFP release, while maintaining oversold price conditions, with both momentum and net short positions holding at their extremes. • Expect a temporary relief bounce over the coming sessions into ...

Submitted May 21, 2012|From migbank.com|3 comments

Holding above 1.2000 for now. EUR/CHF continues to mark time just above the key 1.2000 level as the threat of SNB intervention helps to form a floor. • While we could see further corrective upside activity the overall tone remains negative after ...

Submitted May 18, 2012|From migbank.com

EUR/USD setback targets 1.2624 (2012 low). EUR/USD’s multi-month reversal pattern has extended its setback and, as anticipated, now targets 1.2624 (2012 swing low). However, the slide is still very overstretched and due some temporary unwinding over ...

Submitted May 15, 2012|From mediaserver.fxstreet.com

EUR/USD’s bearish momentum is temporarily unwinding, having overstretched beneath psychological support at 1.3000. Our model portfolio remains short, with a breakeven stop. • While the market holds beneath 1.3000, expect the important multi-month ...

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

Achieved First Objective. Stop lowered to breakeven, thereby ensuring a risk-free trade. AUD/USD remains bearish after extending beneath its 200-day average and now targets support at 1.0000. • Our cycle analysis continues to favour further weakness ...

Submitted May 7, 2012|From www1.migbank.com

Bearish pattern tests psychological level at 1.3000. EUR/USD’s latest bearish reversal pattern is testing psychological support at 1.3000 and has activated our model portfolio short position. The move is being weighed by a recent DeMark™ exhaustion ...

Submitted May 4, 2012|From www1.migbank.com|1 comment

Gold is capped under its short-term bearish channel ceiling (see intraday chart), beneath $1680 (12th April high) and the 200-day average (at $1700). • It still worth remembering the dramatic $103 one-day drop continues to offer psychological ...

Submitted May 3, 2012|From www1.migbank.com|5 comments

EUR/USD’s latest bearish reversal is extending lower into psychological support at 1.3000. • The move is being weighed by a recent DeMark™ exhaustion signal and is likely to lead to a major increase of volatility over the next few weeks. • A ...

Submitted May 2, 2012|From www1.migbank.com|10 comments

EUR/USD’s latest bearish reversal is extending lower into psychological support at 1.3000. The move is being weighed by a recent DeMark™ exhaustion signal. • A decisive close below 1.3000 is required to unlock the important multi-month reversal ...

Submitted Apr 30, 2012|From www1.migbank.com|4 comments

Long from 1.5915 met final objecitve at 1.6290. • GBP/USD has seen an acceleration of gains following the breach of the previous swing high at 1.6063 as the British Pound continues to outperform across the board. • While we could see some corrective ...

Submitted Apr 26, 2012|From www1.migbank.com|1 comment

EUR/USD Temporary rebound holds above 1.3000. Early signs of basing continue to develop above the important 1.3000 psychological level. However, the potential multi-month reversal pattern still weighs. A decisive close below 1.3000 is required to ...

Submitted Apr 25, 2012|From www1.migbank.com

USD/JPY’s bearish pullback has extended lower beneath previous support at 82.00. The move was originally triggered by a DeMark™ exhaustion signal that was activated in late February. • This has been followed by signs of strong support near 80.00 ...

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

Early signs of basing continue to develop around the important 1.3000 psychological level. However, the multi-month reversal pattern and recent DeMark™ exhaustion signal still weigh. • A decisive close below 1.3000 is required to unlock the ...

Submitted Apr 20, 2012|From migbank.com|7 comments

GBP/USD has now re-tested the 1.6063 level and is pausing for breath. A minor correction is now anticipated ahead of a fresh push higher. • Price action continues to suggest that a solid base has formed for the next leg of the 1.5235 advance through ...

Submitted Apr 18, 2012|From www1.migbank.com|7 comments

Early signs of basing are noted around the important 1.3000 level although the multi-month reversal pattern and recent DeMark™ exhaustion signal still weigh. • A decisive close below 1.3000 (psychological support) is required to unlock the important ...