Second Skies

Gold After two knocks on the key $1484 resistance, the precious metal has been climbing steadily, forming a 20ema carry on the 4hr chart. The bulls are slowly attempting to take out the critical...

WTI Crude Oil In my weekly market commentary yesterday, I talked about how traders should look for a breakout of the $93.84 key resistance level, targeting at a minimum $94.50. This played out exactly...

EURUSD The chop continues as the Euro has not been able to string together more than 2 bull/bear days together without flipping sides. Although bias is slightly down, the pair has been staging a...

USD/JPY – 4hr Chart Price Action Squeeze – More Upside? Holding up the best of the main JPY pairs, the USD/JPY has held closest to the key upside barrier of 100.00 with the smallest...

Gold – Corrective Pullback Forms Inside Bar After the largest sell-off in 30+ years, Gold has slowly started to recover, likely from short covering/profit taking due to such a massive drop....

EURUSD Almost exactly as we described on Thursday, the EUR/USD false break/inside bar scenario played out with the pair popping up to the 1.3121 range forming a pin bar, and then selling off another...

NZD/USD – Forming Price Action Squeeze – More Downside? For about a week now, the Kiwi has been forming a price action squeeze pattern, being hemmed in continually by the 20ema carry, thus...

EURUSD After consolidating in a range for 4 days, The euro broke higher, clearing the key resistance at 1.3121 on Tuesday. However, the pair did an immediate about face, and broke back into the range,...

Impulsive Selling As suspected, the bears have asserted their control again, selling the commodity 13 of the last 17 hours, dropping over $2.50 a barrel today. I wrote in my market commentary...

Gold – Suffers Greatest Losing Day in 30 Years The selling in Monday in Gold continued without mercy to bulls, losing over $145 since market open. The bloodbath started on Friday when someone...

EUR/USD Gaining three of the last 5 days, the short term bull run has ran into the key resistance level discussed in last week's market commentary at 1.3107, attempting to break it three times....

EUR/JPY On Tuesday’s fx market commentary covering the EURJPY, I mentioned the following; “You will notice that after the last two strong bearish bars, the pair formed a small inside...

WTI Crude Oil On Sunday in my weekly market commentary, I talked about the pin bar signal forming around the $92 level, and that a corrective pullback into the pin bar lows would offer a good setup to...

EUR/JPY In yesterdays FX market commentary, I suggested looking for longs at the key level of 128.36. Today the pair touched just 6 pips above this, then launched 160+ pips higher, taking a peak above...

EUR/JPY Following suit on punishing the JPY as of late, the Euro has gained 20 of the last 24 hours vs. the JPY, adding over 210 pips since the market opened this week. You can see the inside bar...

EUR/USD Last week in my FX market commentary, I opined how the Euro was in a short term bull trend being well underpinned, and that a daily close above the 20ema would reverse my medium term bearish...