by Ramki | Aug 13, 2009 | GBP
All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that more than makes up for some of the opportunity lost on the way down. Also observe how nicely the Pound was pushed back by over 50 pips from the 61.8% retracement level on the...
by Ramki | Aug 10, 2009 | GBP
The Sterling Pound turned quite abruptly from 1.7042, and has already moved below 1.6600. There is some mild support around 1.6563, and more at 1.6515. Because we had an extending third wave (at 2.618 times the first), we should be wary of a correction back to at...
by Ramki | Aug 6, 2009 | GBP
So you are wondering if GBP/USD has posted a premature top at 1.7042? What is the short term outlook for Sterling Pound? I would delay the answer to the first question until after we see the speed and extent of the anticipated recovery from between 1.6740 and 1.6760....
by Ramki | Aug 4, 2009 | GBP
It is almost two months since I wrote that the Sterling Pound’s first target is 1.6922. At that time, the currency was trading at 1.6371. We have already seen a high of 1.7004, and some traders might be itching to sell ! I would urge them to be just a bit more...
by Ramki | Aug 4, 2009 | India
About six weeks back, wavetimes anticpated that India’s Sensex index will dip to the low 13,000 and then rally again. This has materialized. (If you would like to refer back, please navigate from the top menu under Equities/Indices/Asian Indices/India). How far can...
