Second Skies

EUR/USD – Inside Bar At Resistance Levels Climbing 6 of the last 8 days, the Euro has been looking impressive in gaining +450 pips in the process. On Friday, the pair formed an inside bar at a...

After Thursday's ECB Press Conference, the USD got hammered, particularly vs. the GBP, climbing over 200 pips on the day. In the process, the pair formed a pin bar rejection at the Mar-May swing highs...

Nikkei 225 – Bearish Engulfing Bar, Now Close to Entering Bear Market TerritoryIn my market commentary on May 26, I mentioned that if the 14000 level collapses, 13615 and 12700 will come under...

Spot Gold – Sells off From Key Resistance Level In this weeks market commentary, I talked about the bearish engulfing bar, and recommended selling on pullbacks to $1415, targeting $1387. The...

EUR/JPY – 7 day Range Still Holding…For Now For the last 7 trading days, the EUR/JPY has been confined to a 250 pip range between the big figure at 130.00 and 132.50. Although the uptrend...

Crude Oil – 50% Pin Bar Entry Fails – More Downside? In my weekly market commentary, I discussed the crude oil pin bar that had formed at the range support. Although it looked identical to...

AUD/USD – Bears Trying to Break Key Level Shedding over 650 pips in the last two weeks and closing bearish for 14 of the last 17 days, the Aussie has been testing the .9600.9590 key level two...

Nikkei 225 – 1500 point drop followed by small recovery On Wednesday, the Nikkei 225 suffered one of its biggest % drops in a year, shedding over 1500 points via a 1-2 punch from the weak China...

AUDUSD – Aussie Forms Pin Bar At Pullback Level After selling off for 10 of the last 12 days, some profit taking / short covering was to be expected as you can see in the chart below. This...

GBPUSD – Price Action Bottoms, More Upside? As discussed in my FX market commentary yesterday, the GBP/USD was showing intra-day price action signs of a bottom forming via the trend transitions...

GBP/USD – First Pullback Level Plays Out Yesterday in my market commentary, we discussed looking for pullbacks towards two key levels to get short on the pound. The first was the 1.5279 level,...

EUR/JPY - Uptrend Likely To Continue Back from some international travel. The JPY pairs look set to continue their uptrends, with every one last week breaking through the yearly highs, and now holding...

WTI Crude Oil – Breakout Pullback Setup Profits On Monday this week, I discussed in my fx market commentary how Crude Oil had formed a pin bar off key support, and was offering a good setup to...

EUR/USD The chopfest continues for the euro, which sold off almost 200 pips from the pin bar signal we discussed last week. The pair is now inside a larger range, with a ceiling of 1.3240 and a floor...

EUR/USD In Wednesday’s market commentary, we discussed the Euro false break + pin bar reversal signal that formed at the prior swing high and key resistance at 1.3200. We suggested looking for...

Crude Oil – Inside Bar Setup Like the major commodities lately, Crude Oil has been on a tear lately, up over $6.50 in the last 6 days of trading with the last two being quite bullish. Checking...