Second Skies

EURUSD – Intraday Pin Bar + Daily One As Well Today the Euro fired off both a daily pin bar off the dynamic 20ema support, and intraday key level. Even though we’ve had 4 bear days in 6,...

EURUSD – Forms Intraday Double Bottom off 1.3000 Yesterday in our weekly market commentary, I suggested buying EURUSD off the 1.3000 level. The pair intraday formed a double bottom and with...

Crude Oil – First Major Sell-off In Two Weeks For the first time in over 15 days, Crude Oil got hammered, losing over $3 from the highs and closing below the 20ema for the first time since June...

Spot Gold – Post FOMC Meeting Finds Strong Buying For the first time since early June, Spot Gold has broken above the daily 20ema, although this time its not doing it during a consolidation, but...

Crude Oil – Uptrend Still In Place, Looking for Buy Signals The $11 bull run in crude oil continues with most of it being above the dynamic support and 20ema on the 4hr chart. The commodity just...

EURUSD – Approaching Critical Support Selling off for 9 of the last 13 days, the Euro is only 60 pips away from the yearly lows and is in the 2nd leg of this sell-off. Buyers will have to watch...

EURUSD – 4hr 20ema Continues to Hold After forming a pin bar signal off a role reversal level, we suspected and suggested another pullback for the pair before more selling. This is exactly what...

EUR/USD Dropping over 3 cents since the FOMC announcement, the Euro has continued to sell off from the engulfing bar signal we discussed a few days ago. With the break and close below both 1.3182 (key...

Dow Jones – Sheds 390 pts Post FOMC Clearly the markets did not like Bernanke suggesting Fed tapering will end. If you think equity markets are about fundamentals or earnings, then you...

EUR/USD – 4hr Engulfing Bar Post FOMC Meeting After signals from the Fed that it will probably start tapering soon, the USD gained massively, hammering the euro, Pound, and Aussie. The pair...

NZD/USD – Has the Pair Formed A Bottom? For the month of May, the pair shed over 800 pips, ending with a pin bar rejection off .7760 The following two days of buying (A) were quite impulsive,...

USDJPY – Forms Back to Back Inside Bars After selling off over 1000 pips over the last 20 days, the pair has formed back to back inside bars or an ii pattern, which was formed within a large...

EUR/USD – Will the Uptrend Continue? For the last 17 days, the EU on the 4hr chart has held above the dynamic support and 20ema. We went 3-for-3 last week on our buy reco’s using this, so...

EUR/USD: Buying on Support Mantra Repeats On Wednesday, I recommended buying on a dip into the 20ema off the 4hr chart, where I suggested taking a bid on any dip just sub 1.33 and off the 20ema. Savvy...

EURUSD – Buy on Dips Continues to Profit In my market commentary for Tuesday, I suggested looking for pullbacks towards the dynamic support (20ema) on the 4hr chart. That is exactly what the...

EURUSD – Intraday Rejection off Dynamic Support Holds After ending last week with a nice price action squeeze, the pair has held up nicely from the daily inside bar as I discussed in my market...