Second Skies

EURUSD – Bounced Off Support, But… (4hr chart) Today the euro bids held the key support level around 1.1270/80 that we discussed. But….the bounce is now inside a smaller range...

EURUSD – Testing ST Support (4hr chart) After giving a kiss to the big figure at 1.15, the Euro sold off after NFP and never looked back closing on the lows. Right now the pair is sitting above...

GBPUSD – Key Range Resistance Broken (4hr chart) Another kink in the USD bullish case, the GBPUSD today has impulsively broken above the key range resistance at 1.5266 which has held almost all...

EURUSD – Short Squeeze Over? (4hr chart) After the Euro pairs had a nice short squeeze yesterday, the pair formed a pin bar off a role reversal level, hovered for a bit, then sold off...

AUDUSD – Recovers All Losses from Surprise Rate Cut (1hr chart) Like many of the commodity pairs, with the sharp reversal in WTI and the key break above $51 today, the Aussie jumped over 200...

USDCAD – Exhaustion Price Action Plays Out (1hr chart) Yesterday in our weekly market commentary, we talked about the exhaustion price action in the USDCAD suggesting a likely pullback. As you...

EURUSD – 1st Role Reversal Level Holding, Potential Breakdown (4hr chart) After spending the last 3 days trying to penetrate the offers just below 1.14, the Euro failed to make similar highs,...

EURUSD – Trying to Base, Resistance Ahead (1hr chart) Although there has been some decent selling below ST resistance around 1.1384, the pair hasn’t maintained any bearish pressure, with...

AUDUSD – False Break + Pin Bar At Key Resistance (1hr chart) After jumping in the Tokyo session yesterday from a surprise number out of Australia, the bids couldn’t really muster any...

EURUSD – Breaks First Key Resistance Level (1hr chart) As we suspected and wrote about yesterday in the members commentary, the Euro broke above the key resistance level at 1.1285, making a...

Gold – Looking Like Potential Breakdown (1hr chart) After making an impressive run up to 1300 over the last few weeks, Gold has entered a corrective phase over the last several days, unable to...

EURUSD – Likely More Bearish w/Greece Vote (4hr chart) On the heels of the anti-euro/austerity party winning the vote in Greece, the Euro was already under massive pressure post ECB QE...

NOTE: A Major ECB meeting is happening tomorrow so be cautious. A leak of the announcement today sparked some massive volatility, so may see more of that tomorrow. We also have a record amount of Euro...

GBPUSD – Bearish, Looking to Sell At Resistance (4hr chart) As we mentioned in the Jan 14th members commentary, we were looking to sell around 1.5275 and the key role reversal level. As you can...

WTI Oil – 2nd Bull Close, Breaks Above Key Role Reversal Level (1hr chart) Yesterday in our members trade setups commentary, we talked about the solid bull close for WTI oil. Today that was met...

EURUSD – Weak Bounces, Likely Breakout Soon (1hr chart) As we’ve been writing in our prior commentaries, the Euro is in a bear trend and selling at resistance has been the suggested way to...