PIA-First provide award winning trade ideas on financial markets. Ran by traders for traders, PIA-First offer professional technical analysis combined with market sentiment specifically designed for the professional trader and investor whether they are independent or working in a financial institution. Our research covers over 25 different financial instruments from major equity indices, commodities and spot foreign exchange (FX).


GBPUSD – Bearish Outside Week highlights a top

Missed our last sell trigger by three pips (1.4380). We now look to sell into rallies once more Monthly: Moving higher from the 2016 low of 1.1905. The previous two months have posted Inside Harami candles (or soldiers), a clear sign of investor indecision. Bespoke resistance is at 1.4380. Rallies are being rejected. Weekly:  In a bull...

2018-04-24 Read more

EURUSD Breaks the Ending Wedge formation, rallies to be limited

Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2638. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) continue to attract sellers. Weekly:  Mixed trading for the last 12 weeks. This week’s price action has seen the pair break the Ending Wedge formation to the downside.  Bespo...

2018-04-24 Read more

EURAUD – The recovery rally is close to exhaustion

Monthly: The cross made an impulsive selloff from 2.1116 (2008 high) to 1.1605 (2012 low). We have been trading in a bullish corrective channel formation for the last 68 months. Levels close to the 50% pullback level of 1.6327 have attracted sellers. This area has been pivotal since the start of 2004. Weekly:  Highlights a Doji Style cand...

2018-04-23 Read more

USDJPY – Signals limited upside

Monthly: The long-term outlook is for higher levels with the pair posting a potential bullish reverse Head and Shoulders formation. A break of 127.50 (neckline) is needed to confirm the formation. There is scope for a deeper correction, in an AB=CD formation, towards 92.00. This time-frame offers a mixed picture. Weekly:  Holds within a c...

2018-04-23 Read more

EURGBP Close to medium-term sell trigger

Monthly: Since posting large nett losses in September 2017 (-395 pips) the cross has moved sideways. Price action on March (2018) has seen a bearish Outside Month posted and offers a mild downward bias. Notable support is located at 0.8303 Weekly:  The 161.8% extension level from the 0.9299-0.8682 move is located at 0.8303, just below the...

2018-04-23 Read more

NZDJPY – Lower highs highlights a downward bias

Monthly: Consolidation for the last 16 months. We are getting squeezed between the trend of lower highs (at 81.10) and the trend of higher lows (at 75.60). A break of support and we have an AB=CD formation target located at 59.50, just through the 61.8% pullback level of 63.10 (from 43.99-94.00) Weekly:  Previous support is located at 75....

2018-04-19 Read more

GBPCHF – AB=CD formation and bespoke resistance to limit buying

Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation. Ichimoku Cloud resistance is seen at 1.4092 Weekly:  For the last 80 weeks we have held within a bullish channel formation. The trend line resistance is currently located at 1.3907. Bespoke resistan...

2018-04-19 Read more

Grabbing a short trade in USDCHF 18.04.2018

In this installment PIA-First will be looking at the USDCHF and taking a short trade in this currency pair, on the 18th of April. [shortcode-variables slug="act_tradeideas"]

2018-04-18 Read more

AUDJPY – February Marabuzo level holds the key

Monthly: Holding within an Expanding Wedge formation than has a bias to eventual break to the upside. The Ichimoku Cloud stalled rallies on three occasions in 2017. Strong selling pressure in February has left a Marabuzo level at 85.36 (half the nett losses from 87.94 to 82.78) Weekly:  Holding within a bearish channel formation. We have ...

2018-04-17 Read more

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