Submitted Jan 6, 2012|From migbank.com|2 comments

Sell limit adjusted slightly to 0.9610. USD/CHF has broken over 0.9470, increasing the likelihood of a return to 0.9550 and then potentially 0.9600. However, the 0.9550/0.9600 region is expected to act as strong resistance. USD/CHF continues to be a ...

Submitted Jan 5, 2012|From migbank.com

GBP/JPY appears to be within the midst of a corrective phase from the 119.00 low made on 02/01/2012. The failure to remain below 119.38 (24/11/2011 low) now warns of a short-term recovery phase back towards 122.00, ahead of a possible return to ...

Submitted Jan 4, 2012|From migbank.com

A break under 0.8303 will negate the strategy given below. EUR/GBP has tested the region close to our short entry price. While above 0.8303 in the hourly timeframe a return to this region remains possible and is expected. An earlier break under ...

Submitted Dec 22, 2011|From migbank.com|2 comments

EUR/CHF is developing a structure in the hourly timeframe which is currently suggestive of a sizeable extension lower. If a break can be realised under 1.2170 then stops under 1.2123/30 will become vulnerable. If these are triggered, there may be ...

Submitted Dec 21, 2011|From migbank.com

EUR/USD is unwinding mildly from oversold conditions, driven by shortcovering as the market adjusts to a new bearish paradigm, following the break beneath that all-important psychological level at 1.3000.  Our cycle analysis successfully signalled ...

Submitted Dec 20, 2011|From migbank.com|8 comments

EUR/USD is unwinding mildly from oversold conditions, driven by shortcovering as the market adjusts to a new bearish paradigm, following the break beneath that all-important psychological level at 1.3000. Our cycle analysis successfully signalled ...

Submitted Dec 19, 2011|From migbank.com

EUR/USD is unwinding mildly from oversold conditions, driven by shortcovering as the market adjusts to a new bearish paradigm, following the break beneath that all-important psychological level at 1.3000. Our cycle analysis successfully signalled ...

Submitted Dec 15, 2011|From migbank.com

Second objective met, while still maintaining a risk-free trade. EUR/USD bears have continued to push lower and have now broken beneath that all-important psychological level at 1.3000. Our cycle analysis has successfully signalled increased ...

Submitted Dec 14, 2011|From migbank.com|1 comment

Buy limit raised to 0.9410. Stop raised to 0.9310 and objectives adjusted as detailed below. An earlier break over 0.9555 without filling this strategy will negate this strategy and lead to us removing it from the report.  USD/CHF saw a minor ...

Submitted Dec 12, 2011|From migbank.com

EUR/USD bears have continued to push lower, after a recent warning from Moody’s which cited that it would review ratings for all European Union countries. In price terms, bears need to break near-term support at 1.3212 (25th Nov low) and 1.3146 (Oct ...

Submitted Dec 8, 2011|From migbank.com|3 comments

EUR/USD is continuing to trade within a short-term holding pattern, which is unwinding from last week’s sharp recovery (as six central banks, reduced their USD funding costs to ease the debt crisis). Our cycle analysis also suggests increased ...

Submitted Dec 7, 2011|From migbank.com

EUR/GBP failed to gain momentum again, this time in the hourly timeframe, after breaking under 0.8528, reaching 0.8520 on 30 November. This now warns of a larger rise higher, back towards the 0.8700 region. This price behaviour has been repeated in ...

Submitted Dec 5, 2011|From migbank.com

EUR/GBP failed to gain momentum again, this time in the hourly timeframe, after breaking under 0.8528. This now warns of a larger rise higher, back towards the 0.8700 region. As has already been seen, following the recent push under 0.8530/31, this ...

Submitted Dec 1, 2011|From migbank.com

USD/CAD’s sharp setbacks are holding steady today, following the recent short-term DeMark™ exhaustion sell signal.  A directional confirmation above 1.0658 is still needed to unlock the recovery into 1.0850 plus. This would extend the upside ...

Submitted Nov 24, 2011|From migbank.com|4 comments

USD/CAD’s short-term price activity remains positive, following the sharp bullish reversal from the psychological 1.0000 level (prior trading range).  Positive momentum needs to hold above 1.0400 (on a daily close) to rebuild the potential major ...

Submitted Nov 23, 2011|From migbank.com

•USD/JPY is continuing to edge lower, with the growing probability of another price retracement back to pre-intervention levels (PIR) and potentially even a new post world war record low beneath 75.35 (PINL). •Furthermore, sentiment in the option ...

Submitted Nov 22, 2011|From migbank.com|2 comments

Short-term price activity is weakening from resistance at 1800. This may start to weigh on constructive recovery that we have seen over the last few weeks, following Gold’s dramatic 20% capitulation. Speculative (net long) flows remain a concern ...

Submitted Nov 21, 2011|From migbank.com

EUR/USD is holding steady after its sharp decline from key overhead resistance (primarily an important 2 year trend and its 200-day average). Bearish momentum remains anchored by heightened contagion fears driven by greater European sovereign debt ...

Submitted Nov 17, 2011|From migbank.com|41 comments

EUR/USD is resuming its sharp reversal from key overhead resistance (primarily an important 2 year trend-line and its 200-day average). The bearish move is now being further anchored down by heightened European sovereign debt risk leads to greater ...