Second Skies

For the first time since Jan. of this year, the USD/JPY has formed 3 bear candles in a row.  Although this may seem intimidating for bulls, I am expecting price to go higher, minimally retesting...

Gold – Breaks Double Bottom LowsAfter forming a double bottom on the daily chart, price fell through the floor at $1662 shedding almost $20 on the day or 1.2%.  Price did however run into...

USD/JPY – Breaks Yearly HighAs we wrote about yesterday in our forex price action commentary, price had formed an inside bar at the top of the daily candle which we took as a trend continuation...

After taking a couple swipes at the 82.00 barrier, the USD/JPY broke through the round number with some vigor as the breakout bar had some good clearing distance from the prior ceiling to close last...

A recap of our Pinbar long from yesterday as it finally hit its target locking in a nice 110pips of profit with less than a 30pip stop for an almost 4:1 play.  It actually hit our 106.90 target...

GBP/USD – Hitting the 20ema After SDB PatternAfter selling off a decent chunk last week, the cable is formed an SDB pattern (Shortened Double Bottom) with the lows of both 4hr candles hitting...

After forming back to back strong TKx (Tenkan-Kijun Cross) Signals, the pair decided to go for a trifecta which it just formed earlier to close the London session.  With the strong bullish price...

As we stated a few weeks ago, we thought silver was continuing its bull trend and starting a major leg up. Yesterday it cleared a key level by taking out the $35.69 prior SH (Swing High) from the...

EUR/USD – Favorable Cross Precedes Kumo BreakA few weeks ago we talked about the EUR/USD and the Chikou Span making a favorable cross.  Once the Chikou had cleared the price line and...

After starting off the year being voted most boring pair to trade for Jan. and Feb., the EUR/GBP has woken up out of its slumber by the bulls on parade which today have taken out the yearly high and...

Silver – Pinbar False Break Played Out WellSilver has been stuck in a very contrived range since Jan. 26th confined within a $1.50 range for a long time.  However, on Thursday last week a...

AUD/USD – Possible BreakdownAfter posting an impressive 600+pip gain for the year, the pair has posted its first 4 out of 5 day bear close along with its first touch of the daily 20ema in over a...

After starting a pretty strong uptrend back on the 17th of Jan., price was hovering around 1.2650 before it launched up almost 700pips in less than a month gaining 66% of those days.  Price then...

For the year, the AUD/USD has had an impressive run which shows in the numbers;-19 Bullish Daily Closes (out of 29 or 65% Bullish Closing Ratio)-Only 2x Were a Bearish Close Followed By Another...

EUR/USD – Breaks The StalemateAfter holding the 180pip+ range for the last 12 days, the EUR/USD has finally broken the stalemate.  We actually just wrote yesterday pointing out some...

EURUSD – The Consolidation ContinuesAs we wrote about last week, the range high for this consolidation has held and the Euro failed to make a higher high.  Since then, we’ve really...