Second Skies

Dow Index After the QEinfinite nod from Bernanke, the Dow broke the yearly highs and went on a 350pt run in a few days. But over the last six, the index has been consolidating forming a series of...

EUR/USD Posting its first bearish weekly close in 6 weeks, the EUR/USD ended the week forming an inverted pin bar which is also doubling as an inside bar. Remember, a bullish inverted pin bar in a...

NZD/USDAfter pulling back from its rejection at .8350, the kiwi formed a large with trend pin bar off a major role reversal level today. What is interesting is how the day started off very bearish for...

AUD/USD The aussie pin bar setup that I mentioned in yesterday’s weekly forex commentary came off, selling from the market open all through today, shedding about 85 pips in the process. There...

EUR/USD Gaining for 7 of the last 8 weeks and 7 for the last 8 days, the euro has looked impressive as its been given the green light from both Bernanke and the German Court (for now). Being that the...

AUD/USD Sticking with the Aussie, the pair has pulled back from the recent swing high resistance level at 1.0612 lately and sold off towards the 1.0400 level I mentioned from yesterday. In doing so,...

Silver After closing last week strong, silver has been rather muted lately, forming a false breakout and then an inside bar. Today however is a little more interesting as the metal formed a large...

AUD/USD After closing below the Kijun back in late August, the sell-off after the daily kijun break stopped midway into the kumo. It has since then become extremely impulsive in its bullish price...

EUR/JPY After breaking out to the upside of the 12 day consolidation, the EUR/JPY climbed for two days straight, jumping about 200pips in the process. Although today some of that bullish momentum...

EUR/USD For the first time this year, the euro has gained for 6 of the last 7 weeks. Another first since May of this year, the pair formed a strong breakout bar taking out the weekly 20ema. The latter...

EUR/USD After the false break from last week, the EUR/USD has now over the last two days formed an inside bar, with yesterday forming a companion pin bar. What is interesting about this is how the...

AUD/USD After forming an inverted pin bar last Friday, the aussie sold off heavily today forming a marubozu candle closing inside the daily kumo for the first time since June. In the process, the...

EUR/USDAlthough the pair gained on Friday to close the week, the pair formed a false break being unable to close above the weekly consolidation. The rejection from the false break is almost 50% of the...

Silver As the snoozefest continues with investors pulling out prior to the Jackson Hole meeting this Friday, breakouts are an endangered species till then while small ranges are dominating. 'Tis no...

EURUSDAfter bottoming on the year with an engulfing reversal bar, the pair has gained 4 of the last 5 weeks for the first time this year. The bulls were on parade all last week till they ran into the...

AUDUSDI am going to comment on this pair from an Ichimoku and Price Action perspective. Ichimoku first.Although the pair is above the Kumo and Kijun, it has been sandwiched below the Tenkan for 8 days...