Browsing Category

technical analysis

The Week Ahead: Catch Up Game

EURUSD grinds higher on recovery hope The euro continues to recover as the economic outlook brightens. Its underlying strength is due in part to expectations of a reduction in the Pandemic Emergency Purchase Programme. Despite the…

BABA Primary Zigzag Weighs Heavy

The current BABA formation suggests the construction of a primary degree zigzag. In November last year, an impulsive wave Ⓐ formed. This was followed by the development of a bearish correction wave Ⓑ. It is likely that the correction…