http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-30.htmlEURUSD - Two Bar Trading Range As 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 prior swing low for Nov. last year which you can see in the chart below. For this week, it started the week off selling on the open suggesting there are willing sellers here as the market pretty much sold off from the open. However, taking a closer look at the  price action  for today, weMon, 30 Jan 2012 23:33:38 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-25.htmlNOTE*** After a moto accident over the weekend (albeit a small one) along with the internet going out on the peninsula during the dark moon, I am back to writing posts as usual. Life tends to afford you a unique perspective on things when your about to hit a truck, but I guess I have several of my nine lives left (hopefully) so back to work I go. Also, I will be spending a little more time breaking down each trade to give you more price action insights into the market so let me know if youWed, 25 Jan 2012 00:07:20 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-17.htmlWith the Martin Luther King holiday today, markets have been a snore with even the London session being somewhat sedated.  Expect price action to pick up this upcoming London session, but should you take a trade in the current Asian session, be patient with your trade as volumes are low, so it make take a little extra clicks on the clock for your trade to progress (one way or the other. AUDUSD - Still Holding the Line As we've been talking about for sometime now, the Aussie has beenTue, 17 Jan 2012 00:39:57 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-09.htmlVolumes and volatility levels are still down, both on a daily basis and also on an intraday hourly basis so we have to factor this into our trading.  What does this mean?  It translates into breakouts failing more often then not.  It translates into trending moves not having enough steam and when they do carry, the pullbacks are more often than not.  It also translates into smaller time frames failing to produce significant moves thus looking at larger time frames.  ItMon, 09 Jan 2012 23:17:27 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-03.htmlMarkets are back and so are we.  Liquidity and volumes started off a little slow the first London session of the year, but picked up nicely during the US session which is a good sign traders are starting to return, just not in full force. With that being said, we are going to focus only on those which have made solid moves today and then once the valves open up more, we'll start digging into the full compliment of pairs, instruments and time frames. AUDUSD - Building a Bullish StructureTue, 03 Jan 2012 22:31:02 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2012-01-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-12-13.htmlAUDUSD - At Critical Support Following Breakdown Like its other anti-podean pair (the Kiwi), the AUDUSD got hammered last Thursday breaking the stalemate in the range play going on for 8 days.  After selling off to the 38.2% fib of the last major upswing (.9650 - 1.0350) at 1.0075, the pair pulled back perfectly to the 20ema, then rejected off of it to pullback to the prior swing low at 1.0047. What is unique about this pullback (the 2nd time) is how it has formed back to back insideTue, 13 Dec 2011 00:21:01 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-12-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-12-06.htmlAUDUSD - Lines in the Sand After 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 - .9675 down-move) and pulled back to 1.0152. Since then, neither level has been broken, but the pair is forming a slight wedge towards the upside with the 50% retracement (@ 1.0208) holding the short term downside for now.  This could be a termination wedge so be on the lookout as intraday charts suggestTue, 06 Dec 2011 00:13:13 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-12-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-29.htmlNZDUSD - Still Got Work to Do After forming an impressive down trend after a TKxsignal back at .7900, the NZDUSD has gotten rather bullish in a hurry just recently off the .7400 area.  Price has since slowed after approaching the Kumo and rightfully so.  Look how thick the Kumo is. The kiwi will have to work to break through this and show this reversal is for real.  Also take a look at the Chikou Span - notice how it has not crossed the Kijun as of yet? Until this does, itTue, 29 Nov 2011 00:11:07 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-22.htmlGBPUSD - 4hr Pinbar Setup The GBPUSD has been getting hammered as of late, shedding almost 500pips in the last 10 days. We recently wrote about a breakout-restest setup at 1.5850 which ended up playing out to perfection. Many of our price action traders made money on this setup so hopefully you did the same. Now the pair has sold off on the 2nd major leg of this move and stopped right on the 61.8% fib of the last major upmove (1.5273 - 1.6165)  at 1.5615.  NoticeTue, 22 Nov 2011 01:21:39 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-17.htmlAUDUSD - 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 as dynamic resistance on pullbacks so this offers traders a good opportunity to enter low risk shorts. Watch for price action signals off parity for any rejection here could be significant while a breakdown here suggests .9900 will come under attack quickly GBPUSD - Breaking Down As we wrote in ourThu, 17 Nov 2011 00:50:50 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-16.htmlGBPUSD - Breaking Down After making a valiant attempt to hold serve above the 1.5850 level since Oct. 21st and forming three lower highs, the GBPUSD has broken through a critical level which has held for the last 3 weeks.  What is interesting to note is how it broke through this key support. Take a look at the chart below on the 4hr time frame.  Notice how price broke through with vigor which is communicative the Bears either took out the stops below the key level or pushed throughWed, 16 Nov 2011 01:43:47 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-15.htmlNZDUSD - Kumo Rejection Plays Out Well After the Kumo Break to start off the month, the pair has been well contained below the Kumo. It executed a downward TKx Signal on the 9th which worked out really well shedding over +150pips which our Ichimoku Trader made some good pips on so hopefully you did as well. What is interesting is how price formed a price action pinbar setup off the lows, then climbed aggressively only to do what? Reject right off the Kumo.Tue, 15 Nov 2011 01:22:23 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-11-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-10-25.htmlAUDUSD - TKx Signal Plays Out Well As we blogged about last week on Oct. 18th, the AUDUSD formed a nice upward  T Kx Signal which cued traders of another run to the upside.  This is exactly as it has played out as the TKx Signal formed at  1.0289 and here we are over 170pips higher busting through the previous swing highs at 1.0370.   The pair also formed a perfect breakout-retest of the aforementioned highs giving traders a nice confirmation signal of theTue, 25 Oct 2011 00:36:40 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-10-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-19.htmlGBPUSD – And the Trend Continues While Greece has garnered all the attention for the Eurozone, the GBPUSD has quietly and consistently been trending downward for the last 900pips for the last month which is pretty impressive.  We blogged back on Sept. 7th about this downtrend and how to trade the pinbar rejections off the 20ema and it has not disappointed forming a few more along the way while rejecting handsomely off the 20ema.  With that being said, the trade is still the sameMon, 19 Sep 2011 21:21:26 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-07.htmlGBPUSD – Continues to Break Down Looking at the 4hr chart on the GBPUSD, the pair is continuing its losses and seems to get hammered on any pullback to the 20ema. The Drop from 1.6600 has continued uninterrupted with only a small reprieve but the selling has been constant and consistent. We like taking pullbacks to the 20ema on the 4hr time frame so watch for these setups. One can see the prior pullbacks have all resulted in clear rejections and pinbar formations so look for aWed, 07 Sep 2011 18:19:59 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-06.htmlIn what may be the most drastic move by a Central Bank in the last decade, the SNB has moved overnight and announced a commitment to set a base on the EUR/CHF exchange rate to 1.20.  This saw the EUR/CHF cross rate jump 1000pips or 9% (see chart below) overnight in a period of 3hrs, while the CHF gained 1100pips against the GBP (8.7%) and 750pips vs. the USD (9.5%).  While  central bank interventions  (whether coordinated, sterile or not) have not really changed the game asTue, 06 Sep 2011 10:09:18 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2011-09-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-11-15.htmlEURUSD – Likely top in place After being above the Kijun for almost two months, the pair has finally failed and closed below it suggesting the trend has been either ended or significantly weakened.  But what amplifies this is how it broke the Kijun.  The pair initially made a yearly high around 1.4157 and then pulled back only to start another run up and make new highs around 1.4284.  From there, the pair failed immensely and has sold off 4 of the last 6 days shedding over 660Mon, 15 Nov 2010 13:43:13 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-11-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-20.htmlEURUSD – Making a Case After mulling around the 1.26-1.29 range for a month, the pair has decided to take out the 20ema for the first time in 5 weeks.  It did so with vigor making a case for a bigger push up and the lows at 1.2600 (being the 50% fib), suggest a short term bottom is in place and a run for the 1.33 highs may be under way. All three lines are flat and not surprisingly so since the pair has ranged for the last month but we feel 1.36 should contain upside moves however we areMon, 20 Sep 2010 19:38:21 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-13.htmlEURUSD – What a mess but something interesting After a massive sell off in mid-August, the pair has literally traveled nowhere.  Up two weeks, down two weeks and held by the Tenkan and 20ema which are flat.  But there is something interesting to note. The pair had a solid run up from June – August and then started a violent sell off.  However, it stopped dead in its tracks right on the 50% fibonacci of the aforementioned move.  It has since then been propped up just a tadMon, 13 Sep 2010 21:18:05 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-06.htmlEURUSD – Off the 50 2x After posting a decent rejection the week before and pushing slightly higher, the euro had a much stronger last week and gained a bit of ground.  The pair actually rejected twice off the 50% fib from the 1.1875 – 1.3330 move at 1.2606 and used this as a spring board to make some more gains.  From a short term perspective, this is good news for bulls. What gets tricky is where its at now.  The pair currently sits under the 20ema, the Tenkan and has theMon, 06 Sep 2010 17:20:56 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-09-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-08-17.htmlEURUSD – 1st in Seven Suffering its 1st weekly loss (and a large one at that) in 7 weeks, the pair shed 5 1/2 cents in a week which is its 3rd largest weekly loss for the year.  In one fell swoop, the pair broke below the 20ema, the Kijun and landed atop the Tenkan.  Here it has found a little support but so far, the bounce is limited and timid.  Rightfully so in the face of that fall last week.  What now? The pair is really in a messy position from an IchimokuTue, 17 Aug 2010 20:52:55 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-08-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-28.html*NOTE – This is a mid-week report so we will be using only daily charts. EURUSD – Looking Like it Wants to Since breaking the daily kumo for the first time in the last 8 mos and the entire year of 2010, the EURUSD has performed notably consistent with a kumo break play as it has pulled back to the flat top and since bounced from there. It has however stalled around the 1.3000 barrier and after two major rejections off there with one of them sending the pair back to the flat top, the pair hasWed, 28 Jul 2010 17:00:46 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-19.htmlEURUSD - 1st Since 2009 The EURUSD has done something it has not done since Dec. 2009 - have its 1st weekly close above the 20ema.  This is significant as it has done it with style posting 5 weekly gains out of the last 6 so we are expecting this to continue. The falling Kijun is up next for the pair and a daily close above this suggests 1.3125 and 1.3250 are on deck.  Now is a good time for the pair to get aggressive as the Kumo presents a weakness heading into mid November whichMon, 19 Jul 2010 15:40:51 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-12.htmlEURUSD – Getting Stronger, But… The EURUSD has not climbed for 4 of the last 5 weeks which is an impressive feat for this pair, at least in the year 2010.  The pair has also closed above the weekly Tenkan for the first time since December of 2009 which means the momentum for the downtrend is minimally weak and possibly means the low at 1.1875 is the low for this year as the down-trend is weakening.  We still have fall in a few months so another leg down is not out of theMon, 12 Jul 2010 23:37:51 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-07.htmlEURUSD – Looking Stronger Gaining 3 out of the last 4 weeks, the Euro is getting strong and bolder day by day.  I has opened above the Tenkan for the 1st time since May 10′ and beyond that its been since last year so this is a unique event suggesting a likely change in the short term momentum. Up next for the pair is the 2mos. high at 1.2670 – beyond that is the 20ema at 1.2897 so we could be seeing a stronger Euro for weeks to come.  All the wicks are also to the downside suggestingWed, 07 Jul 2010 00:28:51 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-07-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-06-28.htmlEURUSD - Forming a Base or Part II? After climbing for two straight weeks, the pair has sold off another week in a peculiar fashion.  How so?  The pair gapped up to start the week on the Yuan float, then sold off only to bounce at the end of the week and close exactly where it did the week before.  The rejection down below suggests there may be some buyers down below and 1.2000 is considered to be a fair value for the pair so one has to wonder if the selling is done. However,Mon, 28 Jun 2010 19:05:47 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-06-28.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-06-07.htmlEURUSD – Despite Being Overcrowded – Breaks Key 1.2125 level After rejecting off the 1.2130 level (50% fib of entire low-high for the pair) for two weeks, the level ultimately gave way and the pair collapsed through in friday trading touching a low of 1.1958.  Since then, the pair has held its ground only shedding about 20pips at this writing but made a touch lower at 1.1879 which is a 4yr low for the pair. Although the market is net long USD’s by $23.3B (billion) and this pair is a bitMon, 07 Jun 2010 20:43:33 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-06-07.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-31.htmlEURUSD - After a Week of Gains...Losses This is to be expected and par for the course.  Who really wants to be long Euros at this point?  The pair has been losing ground against a huge basket of currencies and although the news and sensationalism has quieted a bit due to the holidays, we do not think things will change anytime soon for them.  Spain just got downgraded and none of the other problems in Greece, Portugal or Ireland have changed. Technically, the pair has found someMon, 31 May 2010 16:59:48 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-24.htmlEURUSD – Headed Back Towards the Lows? Bolstered by last weeks central bank intervention with the SNB selling francs and buying euros bolstered this pair and possibly beyond its means.  After launching up 500pips from the lows of 1.2150 to 1.2650, the pair could not sustain those levels and started off this week gapping down and not filling the gap, only to sell off pretty much from the open. This suggests the market and traders simply are not ready to be long euros as there are moreMon, 24 May 2010 16:29:30 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-19.htmlEURUSD – Has some work to do After getting hammered for the last two weeks shedding over 9 cents, the pair has started the week optimistic forming a rejection shy of the all important lows at 1.2328 which is the low of the 2008 drop all the way from 1.6000.  If the pair can manage some more gains and close with a similar formation than it has now, it might inspire some bravado from the bulls thinking this is the bottom. However, the pair has some work to do and we are not really convincedWed, 19 May 2010 06:45:24 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-11.htmlEURUSD – And after approximately 1 trillion dollars in aid, it still sells off After the Vegas World Series of Poker ‘All-In’ maneuver by the EU, ECB and IMF, the euro found some good strength upon the open from tokyo to hit 1.3050 and do what?  Sell-off about 275pips.  This gives a somewhat mixed message to the market with the pair rallying out of the gates to open only to have one hour of buying in the London session where the natives were restless and felt the pair was overvaluedTue, 11 May 2010 09:19:08 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-03.htmlEURUSD - Shot Down by the Kumo, 1.3000 in its sights After kissing the kumo (which ended up being a kiss of death) the pair has sold off 3 straight weeks and found much lower ground.  However the price action has been finnicky with the pair finding plenty of downside rejections with the last 7 down-close candles so the gains are not to be had going into the weekend.  Ultimately, we feel this pattern will continue unless it should do something new - aka break and close below theMon, 03 May 2010 23:06:24 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-05-03.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-26.htmlEURUSD - Dueling Swords Plays out, Now What? As we talked about last week with the dueling swords formation, the pair has played out its expectation by returning back to the lows and even going a little bit further.  After rejecting off the Kumo bottom, the pair has sold off making new lows last week so the Kumo bottom now becomes more relevant.  On top of this, the pair opened last week, hit the Tenkan and rejected from there so this becomes a mid-term selling point at 1.3510 whichMon, 26 Apr 2010 17:24:00 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-20.htmlEURUSD – The Bi-Polar Pair After selling off for most of the year, the pair has formed its first 3 week gains on a closing basis.  But whats most interesting about it is the pair literally has not gone anywhere forming the ‘dueling swords’ formation after double bottoming off the yearly low while ponging off the Kumo bottom.  Ultimately we feel the Kumo is too thick and at best the pair will climb to the flat bottom coming up where it will get sold off again.  For now, bulls canTue, 20 Apr 2010 17:44:41 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-14.htmlEURUSD - Trying to Climb Higher After failing at a second attempt to break the 10' lows, the pair formed a stiff rejection last week and posted its 2nd weekly decline - something it has not done since Nov. 09'.  Combine this with a decent start and the pair may get a boost from the Greek short term bailout.  However the Kumo ahead suggests upward gains will be more than hard fought and the line of least resistance is still down.  The 20ema is also falling which will provideWed, 14 Apr 2010 16:04:11 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-06.htmlEURUSD – A retest of the 10′ lows likely As we wrote last week; From an Ichimoku standpoint, the Tenkan is likely to limit upside gains and is currently posted just above the 61.8% rejection of the last downside swing from 1.3815 to 1.3421 so these levels should hold. This is exactly what happened last week as the pair had a high of 1.3590 coming within a dozen or so pips from the Tenkan/ Kumo bottom and rejected at the end of the week while following it up this week with nothing butTue, 06 Apr 2010 16:12:45 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-04-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-31.htmlEURUSD – Downside Expected but not into the Close Seven out of the last eight weeks, the Euro has rejected the gains from the earlier portion of the week to bounce later in the week.  This tendency suggests if you are wanting to short, to take profits going into last London session instead of waiting for it to play out. From an Ichimoku standpoint, the Tenkan is likely to limit upside gains and is currently posted just above the 61.8% rejection of the last downside swing from 1.3815 toWed, 31 Mar 2010 00:34:04 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-31.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-23.htmlEURUSD - Moment of Truth? After 4 weeks of probing the 1.3500 big figure, the pair rebounded two weeks ago with an impressive climb and its first since Jan. 8th of this year.  And what did it follow it up with last week?  An outside reversal bar to close a hair above the 1.3500 handle.  With the force of last week combined with the several probes before, this week will probably be the moment of truth for the pair.  If it can do what it failed to do before (close belowTue, 23 Mar 2010 00:33:29 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-16.htmlEURUSD - Short term base in place After now 5 failed attempts to close below the weekly Kumo and 5 rejections with the last one forming a higher low, there appears to be a short term base in on the pair at 1.3500.  To note the pair has yet to on a weekly and daily basis close below 1.3500 so there is some traders willing to make a stand here.  With that said, we now have a clear line in the sand with buy orders possible at 1.3500 with stops below the lows and targets set toTue, 16 Mar 2010 08:01:55 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-09.htmlEURUSD - Are the Bulls Getting More Confident? After 4 weeks trying to close below the weekly Kumo and 4 attempts to close below the 1.3500 big figure, are the bulls finally getting more confident they can hold the downside here?  This is an intriguing question as the pair did make a slightly higher high than the previous week.  So far, the pair is still caught between two walls; bottom = 1.3450 / high = 1.3800.  This is the major range which has to break before new players willTue, 09 Mar 2010 02:17:25 GMThttp://www.fxstreet.com/technical/forex-strategy/Info@2ndSkies.com (2ndskiesforex)http://www.fxstreet.com/technical/forex-strategy/weekly-market-research/2010-03-09.html