Daily i-Forex Report by www.epicresearch.co 28th February 2013

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indore, India (prHWY.com) February 28, 2013 - HEADLINE
 Euro at Risk on Italian Bond Sale, Pound Sold Before GDP Data
 Forex: USD/JPY And S&P 500 Well Positioned For Risk Aversion
 Forex News: USD/JPY Unmoved on Retail Trade Report

Euro at Risk on Italian Bond Sale, Pound Sold Before GDP Data
Italy remains in focus as Rome prepares to sell €6.5 billion in 5- and 10-year bonds. Traders will keep a close eye on average yield and bid-to-cover readings, with a marked pickup in borrowing costs and/or a drop in demand likely to be seen as signs of rising sovereign risk amid political uncertainty in the wake of the weekend's election. Needless to say, such an outcome bodes ill for the Euro.

TRADING TIPS
* BUY EURUSD
ABOVE 1.3122
tgs 1.3142/1.3162
sl 1.3092

* BUY USDJPY
ABOVE 91.59
tgt 91.39/91.19
SL 91.89

* SELL GBPUSD
BELOW 1.5080
Tgt 1.5060/1.5040
SL 1.5110


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3069
HIGH: 1.3122
LOW: 1.3041
CLOSE: 1.3091


* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.0006(BULLISH SIGNAL)
* RSI => 48(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 92.11
HIGH: 92.26
LOW: 91.59
CLOSE: 91.61


* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0.02( BULLISH SIGNAL)
* RSI =>39(BULLISH SIGNAL)

ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5130
HIGH: 1.5165
LOW: 1.5080
CLOSE: 1.5139


* GBPUSD LOOKS DOWNWARD
* TREND: BULLISH
* STRATEGY: SELL ON RISE
* MACD => .0002( BEARISH SIGNAL)
* RSI => 51(BEARIISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8637
HIGH: 0.8673
LOW: 0.8626
CLOSE: 0.8645


* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>-.0002(BULLISH SIGNAL)
* RSI =>40(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 81.8780
HIGH: 81.9180
LOW: 81.5650
CLOSE: 81.7160


* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.217(BEARISH SIGNAL)
* RSI =>45(BEARISH SIGNAL)


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