Second Skies

NOTE TO TRADERS: Tomorrow in the US is a bank holiday, so US markets might be slow and less volatileEURUSD – Building A Case for More UpsideLast Sunday in our weekly forex price action outlook,...

AUDUSD – Gets Hammered Post Employment NumbersAfter giving a brief kiss to the key resistance are we mentioned in our Feb. 5th commentary, the Aussie got hammered just after posting some...

Spot Gold – Testing Channel Top & Key ResistanceOur bullish price action trade that we’ve been talking about for a while which you can read about here, back at 1242 continues to...

EURUSD – Potentially Building for an upside BreakoutAfter rejecting 3x off the key 1.3815 resistance level, the pair sold off a few hundred pips, but has since entered a structured channel. What...

AUDUSD – Largest 1 Day Gain Since JuneAfter a more hawkish stance from the RBA, the AUDUSD hard its largest 1 day gain in over 6 months, gaining 2% on the day on Feb. 4th in a massive...

In our most recently weekly market commentary, we talked about the bullish flag/channel pattern suggesting higher prices, with the key support level being around 1238/40. That channel and support has...

We we’ve been writing about for weeks now here and here, the Nikkei 225 has been offering up a lot of selling signals and opportunities as of late. In our most recent weekly market commentary,...

EURUSD – Bearish Tone Short Term DominatesAs we suggested in our 2014 EURUSD currency market outlook, along with our weekly price action commentary last week, the EURUSD looked prime for a...

I wanted to write a slightly different market commentary analysis heading into the Chinese New Year (year of the Wood Horse). I am going to do a daily chart price action analysis on the S&P 500...

Nikkei 225 – Hits 800 Point Profit Target On Massive Selling  In our Jan 23rd market commentary, we followed up with our short trade on the Nikkei 225 in the 15840-15933 resistance zone. At...

Nikkei 225 – Our Recommended Short Plays Out HeavyIn our latest weekly market commentary, we suggested going short between 15840 and 15933 as the trend was showing signs of breaking down and...

Dow Jones Index – Resistance Capped Offering Range Play After making a third attempt to breach the yearly highs at 16560, the Dow Jones ran into heavy sellers today forming a large engulfing...

EURUSD – Continues to Break Down In our 2014 currency market outlook, we favored the bearish side based on the various price action clues and the pair has sold off 8 out of 13 days losing almost...

Euro Stoxx 50 – Pullback Goes Right To Level, Then Launches Higher Yesterday the breakout pullback setup on the Euro Stoxx 50 worked to perfection. We suggested going long on a breakout pullback...

EUSTX 50 – Forming Potential Breakout Squeeze While the US indexes are showing mild signs of weakness, the European indices continue to demonstrate signs of strength. Earlier today the Euro...

USDCAD – Breakout of Key Level Preceded By Dual Pin Bars After consolidating for the month of December, the USDCAD finally broke above the key 1.07 level. The breakout was preceded by dual pin...