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retracement

A reversal in the movement of a stock's price counter to the prevailing trend.

News On retracement
Barclays +ve on $: 'See 64.5 for rupee, 1 for euro by Dec'  

25-03-2015| Source:CNBC-TV18

After touching the 100 level, the US dollar has retraced back to about 97. Barclays Barclays' head of forex for Asia-Pacific Mitul Kotecha said in light of the Fed's dovish stance, it may continue

Counter trend rally?  

13-03-2015| Source:Moneycontrol.com

The market corrected 400 points and from the low has given 100 point bounce and this morning may add another 150 points or so, so from 450 point bounce 150 point rally is exactly 1/3rd retracement

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