Second Skies

Nikkei 225 – Large Breakout After Consolidation. Forming Price Action SqueezeAfter consolidating for 3 days, the Japanese index broke out for several hundred points to the upside, running into...

Spot Gold – Intraday Resistance Holds, But…Yesterday in our members commentary, we spotted an intra-day price action pattern in the precious metal to be a) sold in the European/NY...

EUR/USD – Choppy Week, But Still BearishAfter a choppy last week which saw the pair surge, then sell off 3 days in a row, the pair is holding under a short term role reversal level. If this...

Spot Gold – Breaks Down From Corrective Move, Forms Pin Bar at SupportAfter consolidating in a corrective move between 1317 and 1307, the precious metal fell lower forming a large breakout bar....

AUD/USD – Continues to Build Upside CaseThe Aussie continues to build its upside case, which we’ve been writing about for a few months now (read here and here). The upside moves are...

EUR/USD – Line In the SandI never really felt comfortable buying EU above 1.39, and I think today demonstrates this. Post FOMC, the USD strengthened, with the impulsive selling heading into the...

GBPUSD – Corrective Channel, But Weakening​Looking at the 4hr chart, you can see the pair is in a corrective channel, which has a bearish bias. Considering the volatility is low, expect a...

EURUSD – Stuck in a Short Term RangeFor the last 5+ days, the Euro has been stuck in a short term range, between 1.3845 and 1.3920. The pair formed a with trend pin bar signal, and a false break...

EURUSD – Short Trade Profits, Bulls in The GreenWe suggested in our weekly market commentary a short trade at the yearly resistance for a quick intra-day move, taking profit just above...

EUR/USD – Pin Bar @ Key ResistanceLast week the Euro broke through the multi-month resistance at 1.3820 that we talked, and screamed towards the 1.3890 highs, giving 1.3900 a kiss before pulling...

GBPUSD – Corrective Pullback Followed By Corrective Bounce?​Yep, you heard it, a corrective pullback followed by a now corrective bounce. Clearly there is a lack of one-way action here,...

WTI Crude Oil – Breakout Hits 105 Target​On our Feb 27th market commentary, we suggested ​trading with the trend and watching for a breakout above the intra-day range ~103....

EURUSD – Bullish but @ Key Resistance ZoneGaining a mild amount of ground last week, the Euro closed the week on two strong days of buying. The pair is just below a key resistance zone which is...

GBPUSD – Still Holding, Below 1.6584 Likely = More DownsideThe key support area for the cable is still holding after the corrective pullback, but the defenses are definitely being tested. The...

Silver – False Break at Key Level​Earlier this month, the precious metal formed a false break of a key level, before breaking higher and making multi-month highs. After a long...

EURUSD – Bullish to Neutral BiasGaining 9 of the last 15 days, the EURUSD is still holding a bullish bias, but will be running into some headwinds shortly with the key resistance zone between...