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).

RECENT ARTICLES

Video Analysis for the FX Majors – 16.07.18

Video analysis for the FX Majors and the Dollar Index. Starting with the dollar index PIA-First will be breaking down the time-frames, highlighting what we will be looking at for the week ahead! [shortcode-variables slug="act_tradeideas"]


2018-07-16 Read more

EURUSD – Holds within corrective channel formation

Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2550. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) attracted sellers. We trade to the lowest level in 10 months. This area has acted as resistance in 2016 and 2017 (1.1714 and 1.1616) and now acts as support. A doji style candle (li...


2018-07-16 Read more

EURGBP – Ending Wedge highlight a downward bias

Monthly: Since posting large nett losses in September 2017 (-395 pips) the cross has moved sideways. Price action in March (2018) has seen a bearish Outside Month posted and offers a mild downward bias. The RSI (Relative Strength Index) is close to 50 (mid-point) highlighting we are non-trending. A large wedge formation offers a long-term bearis...


2018-07-12 Read more

GBPUSD – Dip buying offers good risk/reward

Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 8 months. Reverse trend line su...


2018-07-13 Read more

FTSE – Completing a Bullish Flag pattern

Weekly: A sequence of weekly higher highs and lows has been posted. Posted a bullish Flag formation. A break of 7677 is needed to confirm the outlook. The formation has a measured move target of 8736. Trading within a Bullish Channel formation Daily: Buying continued from the 38.2% pullback level of 7500. We remain bullish overall and fee...


2018-07-11 Read more

EURCHF – AB=CD located at the 61.8% pullback level

Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. June posted an indecisive Inside Bar with all trading in the lower half of the May candle range. Marabuzo resistance (mid-point from the open and close) is loc...


2018-07-09 Read more

EURJPY – Moving higher in an AB=CD formation

Monthly: Posted a bearish Outside Month in March. This pattern often highlights the top of a trend and the start of a new downward bias. Last months price action posted an indecisive Inside Month. Expect trading to remain mixed and volatile while price action stays within the Ichimoku Cloud. Cloud resistance is located at 132.55 Weekly: H...


2018-07-09 Read more

USDJPY – An AB=CD formation target is 108.00

Monthly: The long-term outlook is for higher levels with the pair posting a potential bullish reverse Head and Shoulders formation. A break of 126.70 (neckline) is needed to confirm the formation. There is scope for a deeper correction, in an AB=CD formation, toward 92.00. This timeframe offers a mixed picture. Weekly:  Holds within a cor...


2018-07-09 Read more

Dow Jones – US30 05.07.18

Today we're looking at the Dow Jones (US30), and breaking down the time-frames and highlighting while looking to sell into rallies over a medium term outlook!


2018-07-05 Read more

EURJPY – Moving higher in an AB=CD formation

Monthly: Posted a bearish Outside Month in March. This pattern often highlights the top of a trend and the start of a new downward bias. Last months price action posted an indecisive Inside Month. Expect trading to remain mixed and volatile while price action stays within the Ichimoku Cloud. Cloud resistance is located at 132.55 Weekly: H...


2018-07-09 Read more

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