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Examples

  • Although aud's weakness suggests decline fm y'day's 0.9339 high to retrace nr term upmove fm

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  • Despite aud's retreat fm 0.7112, intra-day rise fm 0.7002 signals pullback fm 0.7131 (y'day's high) has ended there but abv said res needed to confirm nr term upmove fm 0.6953 has resumed n extend gain twd 0.7150 / 55 later.

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  • After reaching a high around 1.3060 in early European trading, the pair first lost 80 pips and is now again on a short-term upmove, currently trading at 1.3030.

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  • On the whole, although short term upmove activated at the 1.2456 level is still alive, corrective price activities has put that on hold and turned focus to the downside.

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  • As euro has risen after brief retreat, suggest - ing nr term upmove fm y'day's 1.3025 low wud resume after consolidation, abv 1.3277 wud extend twd 1.33 10

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  • Euro's present breach of 131.76 signals pullback fm y'day's high of 131.99 has ended at 131.08 n up - side bias is seen for re-test of said res, abv wud the near term upmove fm 126.95 low twd 132.30/35 b4 prospect of a retreat.

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  • Euro's intra-day rebound after finding buying interest at 1.4970 suggests the retreat from yesterday's high at 1.5085 has ended and upside bias is seen for a re-test of said resistance, break there would extend near term upmove from 1.4827 to 1.5110/20 but only breach of 1.5145

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  • Dlr has risen abv 106.20 on optimism that over the U.S. bailout plan n nr term upmove fm Friday's low at 105.03 shud extend to 106.60 / 70 n possibly twds 107.03 but anticipated o / bot condition has in - creased risk of a retreat.

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  • Would you choose to go long considering the kind of upmove that crude is seeing?

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  • Q: So what kind of upmove would you expect in the run up to the Budget and post that - should this or will this be our sweetest spot in the first quarter?

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