Submitted Feb 29, 2012|From www1.migbank.com

USD/CAD is now approaching 0.9907. A break under this level will confirm 1.0050 as a lower high, targeting 0.9890 immediately. We would need to see re-capture of 1.0052 from here to suggest basing potential, with scope then for a push towards minor ...

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

Breach of the lower end of the 1.2063/1.2129 trading band looks to have signalled completion of the recovery from the 1.2032 swing low posted on 1st February.  The bearish resolution to a 1.2131/1.2474 trading range in January effectively turned ...

Submitted Feb 23, 2012|From migbank.com

New swing highs. • EUR/USD has extended the advance to breach the previous swing high at 1.3322 suggesting completion of a corrective pullback at 1.2974 on 16 th February. • Sustained breach of 1.3322 would signal an extension of the advance from ...

Submitted Feb 22, 2012|From www1.migbank.com

EUR/GBP has extended the rebound from ahead of support at 0.8265/0.8300 to breach key resistance at 0.8410. • Sustained breach of this level would signal completion of a base pattern calling for a return to broken support at 0.8485 then the 0.8619 ...

Submitted Feb 20, 2012|From migbank.com|4 comments

GBP/USD has extended the rebound from 1.5645 following bullish resolution to the hourly trend channel. • The pullback from the 1.5929 swing high was always seen as a correction of the larger advance from the 1.5235 January swing low, with the ...

Submitted Feb 15, 2012|From www1.migbank.com

USD/JPY is holding above the 200-day average for the first time in several months. The move follows last week’s sharp rebound which was triggered by a bullish DeMark™ signal from oversold conditions (see bottom intraday chart). Our view remains ...

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

USD/JPY is testing the 200-day average for the first time in several months. The move follows last week’s sharp rebound which was triggered by a bullish DeMark™ signal from oversold conditions (see bottom intraday chart). • Our view remains bullish, ...

Submitted Feb 13, 2012|From www1.migbank.com|4 comments

AUD/USD’s bearish reversal signal remains active, despite today’s intraday bounce. Next resistance can be found at 1.0890 and 1.1081 (27th July peak). Remember, failure to sustain a close above 1.0753/65 (Sept/Oct peaks) suggests temporary momentum ...

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

After three years of successful presence in Formula 1, the leading Swiss online trading bank specialized in Foreign Exchange, Bullion and CFD's has decided to renew its support to the MERCEDES AMG PETRONAS "dream team" lead by Ross Brawn, with the ...

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

GBP/USD saw initial supply close to daily channel resistance yesterday. However, the hourly timeframe suggests that the rise higher may not be over, with scope for a further swing to the upside ahead of a possible corrective phase. Also, when viewed ...

Submitted Jan 31, 2012|From www1.migbank.com

Exited at 1.3080. EUR/USD is holding steady, after recently triggering a potential bearish reversal pattern into key resistance at 1.3250 (38.2% Fib-Jan/Oct decline). • Only a successful challenge of 1.3250 will unlock fast moves into our next ...

Submitted Jan 30, 2012|From www1.migbank.com|1 comment

EUR/USD has triggered a potential bearish reversal pattern into key overhead resistance at 1.3250 (38.2% Fib-Jan/Oct decline). Our model portfolio remains long, with a nearby stop at 1.3080. • Only a successful challenge of 1.3250 will unlock fast ...

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

EUR/USD’s sharp rally is now targeting resistance at 1.3197 (21st Dec high). The move was triggered above our upside breakout level at 1.3000/77 and we have now opened a small buy trade setup. • A successful challenge of 1.3197 (21st Dec high) will ...

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

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, warning of a return to the base of this channel structure, currently at 1.5170, very close ...

Submitted Jan 23, 2012|From migbank.com|1 comment

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. We now seek a lower high for the resumption of weakness towards this target ...

Submitted Jan 17, 2012|From migbank.com|1 comment

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 bearish and is holding within a declining channel range. While price activity ...

Submitted Jan 16, 2012|From migbank.com

EUR/USD's latest bearish engulfing pattern is dominating sentiment and has pushed to new lows at 1.2624. The move followed last Friday's downgrading of several European Sovereign countries. The major trend remains bearish and is holding within a ...

Submitted Jan 12, 2012|From migbank.com

EUR/USD is still attempting to unwind from oversold conditions, having recently carved out a fresh low for the new-year. However, the major trend remains bearish and is holding within a declining channel range. While price activity holds here, we ...

Submitted Jan 11, 2012|From migbank.com|1 comment

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 triangle pattern breakout (see both daily and intraday charts). • A number of “bargain hunting” ...

Submitted Jan 10, 2012|From migbank.com|1 comment

EUR/USD is temporarily unwinding from oversold conditions, having recently broken under the major 2011 low and reaching a fresh low for the new-year at 1.2666. The major trend remains bearish, holding within a declining channel range. While price ...