Second Skies

German Dax – Forms Weakest Bounce Amongst EU Indices. Is it A Dead Cat Bounce? All of the major European indices bounced green today, but the Dax had the weakest of them all. Looking at the...

GBPUSD – Approaching Key Support Levels Selling off for 12 of the last 13 days, the Cable has now broken below the 1.6900 support level, and appears to be picking up momentum. In regards to this...

Nikkei 225 – Continues Higher, Hits First Target for +400 Points Back on our July 24th daily market commentary, we suggested buying on a pullback into 15325 as we suspected an upside breakout...

GBPJPY – Forming Coiling PA + Series of Inside Bars For the last 8 days, the GBPJPY has been coiling in a very small range of about 60 pips, forming several inside bars in a...

Nikkei 225 – Price Action Squeeze Setup Profits Heavy After Breakout On our July 24th daily market commentary, we noticed how the Nikkei was setting up for a medium term breakout by forming...

GBPUSD – Short Term Bearish but Approaching Critical Support After peaking at 1.7200 a few weeks ago, the Cable has now sold off for 8 days straight losing a few cents in the process. This puts...

GBPUSD – Channel Still Dominates, Slightly Bearish ST For most of July, the cable has been in a corrective price action phase, mostly holding inside a structured channel that we’ve been...

NZDUSD – Sells Off Heavy From Key Sell Signal and Resistance In the first weekly commentary of this month, we talked about selling just below 8842, intuiting the bulls would take...

Gold – Second Day of Heavy Losses and $2.3 Billion in Notional Selling As we mentioned yesterday in our daily market commentary, the short term pressure was bearish with the pair forming an...

Gold – Gets Hammered on $1.37 Billion in Selling Volume Today Gold got hammered from open to close, wiping out 17 days of gains in one fell swoop. Fat finger you say? Nope – just the...

GBPUSD – Consolidation In Place, But Bullish Pressure Weakening For the last 8 days, the sterling has been consolidating between the 1.7075 and 1.7175 levels we’ve been mentioning in...

Gold – Forming Consistent Higher Lows in Consolidation As we’ve been talking about for weeks, the corrective consolidation phase the precious metal is in supports the overall bullish...

Dax – Inside Bar Break Leads to Massive Move Lower Yesterday in the daily members commentary, we talked about the inside bar that had formed at the close of the prior session. We discussed how...

GBPUSD – Shallow Pullback + Pin Bar The cable consolidated over the last few days near the highs forming a daily pin bar on Thursday, then chopping around on Friday which was a low volume day...

GBPJPY – Heavy Impulsive Buying – Takes Out Yearly Highs For 64 out of the last 88 hours, the GBPJPY has been bought up, showing steady, consistent and impulsive buying for almost 3+ days...

NOTE: There is both an ECB Rate Decision Tomorrow, along with NFP due to the US July 4th Holiday, so be careful taking positions due to event risk.GBPUSD – Showing Continual Strength Post...