Second Skies

EURUSD – 2nd Support Under Pressure (4hr chart) After losing the 1.27 handle last week which we covered in our member market commentary, the Euro has hit the 2nd major support at 1.2612....

NZDUSD – Corrective Structure Holding (for now) (4hr chart) Since the beginning of this month the Kiwi has been in a corrective structure and pullback, pinging off each side of the channel 4x....

Dow – False Break + Pullback Level Profits Heavy (1hr chart)As we talked about yesterday in the members daily market commentary, the US indices were looking quite strong, especially the Dow...

EURGBP – Potential False Break Setup After breaking above a key role reversal level last week, and the profitable live trade recommendation we suggested buying off of 7908 worked out, the pair...

Dow Jones – Pullback Level Leads to Heavy Sell-Off Yesterday in the weekly members commentary, we talked about the key level at 16600. As you can see from the 4hr chart below, the markets...

EURUSD – Trend is Volatile, Looking for Solid Pullback to Short Forming a deeper pullback and thus making the trend more volatile, the Euro formed a solid bounce of ~300 pips, before finding...

USDJPY – Strong Selling From Big Figure As I wrote about in prior commentaries, the USDJPY had key resistance up at the big figure in 110, and then 110.60. I bought yesterday on a pullback into...

USDJPY – Corrective Pullback + Long Pin Bar Rejection Continuing its bull run, the USDJPY sold off in early US trading today, only to find a strong bid, and form a long tailed pin bar rejection...

Nikkei – Potential Triple Top & Sell Signal Although the Japanese index formed two HLs (higher lows), it formed a double top + pin bar rejection, and slightly LH (lower high) at 16425 last...

EURUSD – Bear Trend Still Intact, More Downside Available Selling off 4 days in a row to end last week, the bear trend is still in play and more downside is available The overall trend is...

Dow Jones – Forms False Break, Closes Within Consolidation For almost a month, the Dow Jones Index was stuck between the 17160 and 16930 before breaking out late last week and reaching a...

GBPUSD – Pushes Lower After Scottish No Vote As we talked about last week, we suspected a ‘No’ Scottish Independence vote as the price action was building up ahead of time. We wrote...

USDJPY – Big Winner From Today’s FOMC With Massive Bull BreakoutYesterday we commented in our notable mentions how the USDJPY had broken back above the key consolidation between 107.13...

AUDUSD – Double Bottom Price Action Creates Two-Way Market After a small bounce in yesterday’s Asian session forming a double top intra-day. In the same token, it sold off to the prior...

GBPUSD – Can’t Break Above Near Term Resistance For the last several days, the Cable has been unable to break above the 1.6275 near term resistance as you can see in the 1hr chart below....

EURUSD – Looking to Sell After Short Term Bounce While the Euro has been struggling to lift off the bottom near 1.2900, it is short term forming a corrective structure that shows elements of a...