Second Skies

WTI Crude Oil – Pulling Back For With Trend Setup In the last month the commodity has hit the 107.75 level and fallen back, with 2x pulling back to the 102.75 level bouncing each time. The last...

EURUSD – 1.3400 The Current Hurdle For the third time now the Euro has failed to close above the 1.34 figure in the last 3 months on 3 attempts. The pair last week sold off for 4 days, only to...

Spot Gold – Takes Out Stops Above Key Level For over a month now we’ve been talking about talking about Gold bottoming which you can read about here & here, along with Silver bottoming...

Spot Silver – Continues to Impress Precious metals have been performing well with Gold pushing on the key 1345 resistance while Silver is up over 6% on the week. We talked about in our weekly...

Spot Gold – Hits Major level and Pulls Back As we’ve been writing for over a month now, Gold has bottomed hitting a major technical target this week on Monday, touching the 1345 level...

EURUSD – Rejects off Key Level The Euro rejected off a key level and 3 month high to end last week, forming a 2 bar reversal. It should be noted the 2 Bar Reversal in this case is simple a 2 day...

Spot Gold – Bottom Confirmed as Prices Surge After Pin Bar Bottom For over a month now we’ve been suggesting Gold has been forming a complex bottom, which you can read here, here and here....

Spot Gold – Forms Daily Pin Bar Closing bearish 7 of the last 9 days, today the precious metal formed a bullish pin bar near the consolidation and SL (swing low) before the most recent bull leg...

GBPJPY Forms Engulfing Bar + Quadruple Top Today the GBPJPY formed an engulfing bar + pin bar combo off a key 151.30 resistance (also a quadruple top). After touching this resistance level, the pair...

AUDJPY – Role Reversal Level Confirmed After consolidating for two months, the Aussie has resumed its downtrend and the second leg of that by recently taking out the 88.93 level. It then...

EURUSD – Uptrend Intact But… After reaching a high of 1.3342 last week, the Euro sold off for 24hrs straight, bottoming around 1.3200/3190. From here it formed a 4hr pin bar, and then...

GBPJPY – Forms Large Engulfing Bar For the first day in six, the GBPJPY closed bullish, although this time it did so via a large bullish engulfing bar (which almost took out the last two days of...

AUDUSD – Takes Out Yearly Lows The wrath of Soros continues on the Aussie as negative homebuilders data + potential rate cut come = bad days for Aussie. The pair today broke the key big figure...

WTI Crude Oil – Downside Pressure Remains After several attempts, the commodity broke the lows of the pin bar signal we discussed back on July 25th. In the process, it closed below the 20ema for...

EURUSD – Uptrend Still In Place But Hurdles Ahead On our July 18th market commentary, we talked about the daily pin bar off the 20ema, and suggested looking for buys off the 1.3070/80 area. The...

Crude Oil – Forms Pin Bar With Trend on First Major Pullback In one of the more impressive trends of this month, Crude Oil has finally been served a decent pullback and dent in the uptrend,...