Second Skies

GBP/USD – Dynamic Support Continues to HoldQuietly under the radar while daily ranges continue to contract in the Cable, the GBP/USD has been mounting an impressive run, albeit at a tortuga...

EUR/USD – Two Bar Trading RangeAs we talked about last week for the Euro, the key resistance level was around the 1.3200 area.  Price closed last week right on this key level which was a...

EUR/USD – A Kiss off the KumoGoing two for two on the euro this week, on our report just two days ago, we mentioned how traders should watch for the touch off the Kumo to sell this rally. ...

Market Commentary:With Bernanke raising the white flag and admitting he really has no tools left to deal with the US economy, he stated during the press conference they will likely keep rates close to...

AUD/USD Timid But HoldingAfter failing 3x to break the key 1.0384 resistance level, the Aussie broke through to higher ground, albeit stutter step style.  The first punch through actually...

AUD/USD – At Critical Support Following BreakdownLike its other anti-podean pair (the Kiwi), the AUDUSD got hammered last Thursday breaking the stalemate in the range play going on for 8...

AUD/USD – Showing Signs it Wants to Go HigherWith 83+% of all hedge funds having a losing year, we think many of them are closing up shop and putting this one down on the books.  This has...

AUD/USD – Lines in the SandAfter launching 600+pips in a matter of 3 days, the Aussie has found its lines in the sand.  The massive up-run rejected at 1.0330 (61.8% fib of 1.0750 –...

GBP/USD – Building a BaseAfter selling off heavily from 1.6100 – 1.5425, the GBP/USD seems to have found a short term base in with two higher lows and higher highs shown in the chart...

NZD/USD – Still Got Work to DoAfter forming an impressive down trend after a TKx signal back at .7900, the NZD/USD has gotten rather bullish in a hurry just recently off the .7400 area. ...

GBP/USD – 4hr Pinbar SetupThe GBP/USD has been getting hammered as of late, shedding almost 500pips in the last 10 days. We recently wrote about a breakout-retest trade setup at 1.5850 which...

Oil – Getting HammeredCommodities have broken down across the board with Oil leading the way.  After a massive uptrend and reaching $103 a barrel, it formed an outside candle which has seen...

AUD/USD – Corrective but Weakening:After failing above 1.0700, the Aussie has been generally impulsive to the downside with elements of corrective price action. Lately the 20ema has been acting...

GBP/USD – Breaking DownAfter making a valiant attempt to hold serve above the 1.5850 level since Oct. 21st and forming three lower highs, the GBP/USD has broken through a critical level which...