Second Skies

Dow Jones Index – Hit Resistance Sell Zone, and Drops Heavy On Tuesday this week we recommended a sell trade on the Dow Jones between 15722 and 15750, which was a key resistance zone. The high...

Dow Jones – Approaching a Major Channel Top For the last 5 months, the Dow Jones Index has been inside a 1000 point channel with three touches on the top and bottom. Right now, its parked just...

EURUSD – Still Bullish – Needing Fresh Momentum Gaining for 6 of the last 8 days, the bull trend continues for the Euro. However, the momentum has been weak as of the last 3 days only...

AUDUSD – Pulls Back Into Resistance Zone, Then Sells Off Yesterday in our daily market commentary, we commented on how the bearish engulfing bar likely took out the stops of some medium/longer...

AUDUSD – First Round of Major Selling Since 9275 Climbing for 14 of the last 18 days, and 9 of the last 11, the Aussie sold off impulsively forming a bearish engulfing bar on the daily and 4hr...

EURUSD – Euro Hammers USD Post NFP Number After the belated NFP came out, the USD got hammered across the board and the Euro took no prisoners. Taking out the the key 1.37 barrier and former...

New data released by the Office for National Statistics (ONS) shows house prices in the UK are higher now than ever before. The ONS figures indicate that its house price index stood at 185.8 in...

EURUSD – Trend Structure Holding, But WeakeningLast week we wrote about the critical 1.3550 level for the upside on the Euro. It closed last week forming a pin bar off the 1.3550 level, however...

Dow Jones – Second Best Day for 2013Yesterday we talked about the pin bar off the 200dma + the rounded bottom as a likely covering point for bears, anticipating the major index would climb...

Dow Jones Index – Bearish, But Some Potential Bounce Here Shedding over 1000 points in the last 3 weeks, the major US index has been in a structured non-volatile trend for most of the move,...

GBPJPY – Sells Off At Breakout Level In this weeks market commentary, we suggested selling GBPJPY at the key role reversal breakout level of 156.65. Today it literally came a half pip from this...

Spot Silver – Starting to Reverse? Selling off for the last month, the precious metal is starting to show signs of a reversal from the prior downtrend. After consolidating above 21.20 for about...

EURUSD – Uptrend Intact, But… After 4 attempts, the Euro finally closed above the key resistance at 1.3550 level, hitting a high of 1.3645 before pulling back strong on Friday. The...

GBPJPY – Holding Just Above Key Level In this weeks market commentary, we suggested the GBPJPY was showing a short term bearish price action structure, suggesting minimally a range between 160...

Dow Jones Index – Sells Off +150 Points In this weeks market commentary, we suggested selling off the 20ema for a with trend setup. Looking at the chart below, we can see how the US index did...

AUDNZD – Post RBA Decision Launches Higher Yesterday we wrote about the key level the AUDNZD was sitting off of at the 1.1200 figure. After the RBA rate decision tomorrow, and slightly hawkish...