Second Skies

EUR/USD The Euro downtrend that I’ve been talking about is still in play as we speak. But as discussed in the weekly market commentary, the short term bullish underpinning has been playing out...

Silver Yesterday in my FX market commentary, I talked about how Silver was forming on the daily charts a consolidation and a critical price action squeeze (one of the price action elements prior to a...

EURUSD The Euro still remains in a medium term downtrend, and has yet to close above the daily 20ema, along with the dynamic resistance above, but short term suggests some bullish underpinning which...

EUR/USD Continuing the downtrend as I’ve been stating in my FX market commentary, the Euro has continued to suffer from the Cyprus bail-in and capital controls which has now opened up...

EUR/USD After the Mondary carnage selling the pair took on, shedding over 200 pips in a day, the pair has consolidated towards the channel bottom, forming an outside bar. This one highlighted in the...

WTI Crude Oil Today on my facebook page, I opined to traders to keep an eye on the $92.00 level which has been a key support level for the commodity since Mar. 13th as it held 3x before. We suggested...

USD/JPY In this weeks FX Market Commentary, I talked about the USDJPY and how you should look for a pullback into the 94.50 region to get long and rejoin the trend targeting 96 and 96.50. The pair...

EUR/USD Last Thursday in my daily market commentary, I discussed how the EURUSD was in a downward sloping channel, which was offering a great selling opportunity at the channel top around 1.3100 for...

EUR/USD After pulling back consistently anywhere between 140-160 pips before selling off massively, the EUR/USD has been stuck in a structured channel as of late which is still sloping downwards....

GBP/JPY The GBP/JPY has been consolidating between 142 and 144 for the last three days, forming an ioi pattern, which consists of an inside bar, then outside bar, followed by another inside bar. This...

EUR/JPY Trying twice to clear out the 126 figure, the pair failed to take out the upside. It found buyers at the dynamic support and 20ema, which then took a third stab at the upside, but failed,...

USD/JPY Gaining 9 of the last 11 days (and pretty much tracking the S&P), the USDJPY continues to trek on without showing any signs of abating. We have already eclipsed the 2012, 2011 and 2010...

EUR/USD After forming an impressive rally off the 1.2950 support level, gaining almost 160 pips on Thursday, the pair did an about-face on Friday, touching 1.3100 and bottoming at the same intraday...

EUR/USD Forming a bearish engulfing bar to start the week, the pair never recovered, and sold off 3 of the 5 days to end the week down about 200 pips. The key role reversal level at 1.3150 held, so...

EUR/USD Ever since touching 1.37 this year, the Euro has sold off 7 of the last 10 days, with the largest bear candle since then being over 133% larger than the largest bull candle. Overall, the...

Gold Hopefully you didn’t try and impress your girlfriend by buying them some Gold for this V-Day, as its been getting monkey hammered along with silver on the day. After consolidating since the...