Second Skies

EUR/USD Gaining every day last week, the euro is making a stronger case for an eventual breakout of the 1.3169 level which is a 7-month high. Long-term charts suggest an eventual breakout of this...

Dow Jones Index After climbing for 800pts in almost a month, the Dow Jones Index ran into the critical resistance and over 1mos highs at 13300. In doing so, it formed a large bearish pin bar after...

Gold Yesterday in my market commentary, I talked about how Gold will likely pullback into the $1705 role reversal level and dynamic support, suggesting to look for longs off this level targeting...

Gold The inside bar + pin bar combo from Friday if it breaks $1705 will run into resistance at the daily 20ema and dynamic resistance. This is exactly how it played out as the precious metal hit the...

EUR/USD Selling off for the last three days, the euro gave back the prior 5 day’s worth of gains via impulsive price action selling. This was likely a combination of strong profit taking from...

GBP/JPY For the last two weeks the GBP/JPY has been attempting to clear the air just under the 133 figure. Three attempts and three failures in the last two weeks, but the pair is showing the 3 signs...

Gold Getting hammered over the last few days, Gold has fallen from $1750 to $1695 in the last week, and $35 since the beginning of December. In the last impulsive selling leg, the pair formed a large...

Crude Oil Slowly trying to build a medium term based, the commodity formed a pin bar rejection off the key $90.00 level, and channel top as well. If the channel holds, then we should see it fall...

In order to satiate the world’s growing hunger for silver, a lot of pressure has been placed on its supply chain. And with total annual supply recently exceeding 31k metric tons (1.0b ounces)...

EUR/USD The euro has been good to us this week as yesterday I wrote in my price action commentary price will likely rally and find bears looking to sell the pair at 1.3000. This is exactly what...

EUR/USD As I wrote in my price action commentary yesterday, the EUR/USD formed a bearish engulfing bar, and the first level bulls can look to get long would be the 1.2888 level being a key intraday...

EUR/USD After trying for three days to crack the 1.3000 big figure, the EUR/USD formed a bearish engulfing bar Tuesday which is its first sound rejection off the key level. Monday’s inside bar...

Dow Jones Index Bouncing over 500 pts off the November 16th lows, the Dow Jones has been aggressively attacking the upside. Last week it stopped right at the big figure at 13000. Although sold off for...

EUR/USD Getting quite aggressive last week, the euro rallied about 300 pips and climbed all 5 days last week, supported by two with trend pin bar setups. The pair has gained 7 of the last 8 days and...

AUD/USD As I wrote in my weekly market commentary, I talked about how the price action angles on the aussie were weakening, suggesting a likely breakdown. The main thing needed was a lower high, and...

EUR/JPY After having an impressive run, climbing over 400+pips in the last week, the EUR/JPY is now sitting under critical resistance at 104.50 which is a double top level and a 6-mos high for the...