Daily i-Forex Report by http://www.epicresearch.co 7th February 2013

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indore, India (prHWY.com) February 7, 2013 - HEADLINE
 Forex: USD/JPY Soars Above ¥93 After BoJ Governor StepsDown
 Dollar Rally On EUR/USD And AUD/USD Requires S&P 500 Go Ahead
 EUR/USD Retakes 1.3500 on Risk Hold, BoJ Leverages USD/JPY
EUR/USD Retakes 1.3500 on Risk Hold, BoJ Leverages USD/
All the technical and market condition elements were lining up for a serious reversal in EURUSD, the yen
crosses and other risk-sensitive pairings. However, we couldn't secure the fundamental spark to complete the underlying trend shift: an actual risk aversion drive. Once again, the holdout to an otherwise broad shift in sentiment was the imperfect (and stimulus-laden) US equity indexes. Both the S&P 500 and Dow held conspicuous support levels which allowed for news of an ECB balance sheet reduction and BoJ Governor Shirakawa's accelerated retirement to bolster the heaviest pairs. These catalysts, however, are
temporary. Unless individual events continue to print risk-supportive results, the specter of risk aversion will
 TRADING TIPS
* SELL EURUSD
BELLOW 1.3510 tgs
1.3494/1.3478 sl
1.3530
* BUY USDJPY ABOW
94.06 tgt
94.20/94.34 SL 93.86



* BUY GBPUSD ABOVE
1.5678 tgt
1.5698/1.5718 SL
1.5658
ANALYSIS
HOURLY EURUSD CHART

* OPEN: 1.3583
* HIGH: 1.3596
* LOW: 1.3513
* CLOSE: 1.3532
* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>. -0009(BULLISH SIGNAL)
* RSI => 50(BULLISH SIGNAL)

ANALYSIS

HOURLY USDJPY CHART

* OPEN: 93.58
* HIGH: 94.06
* LOW: 93.46
* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => 0002( BULLISH SIGNAL)
* RSI =>58(BULLISH SIGNAL)
ANALYSIS

HOURLY GBPUSD CHART

* OPEN: 1.5664
* HIGH: 1.5678
* LOW: 1.5631
* GBPUSD LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEP
* MACD => .0005( BULLISH SIGNAL)
* RSI => 57(BULLISH SIGNAL)
HOURLY EURGBP CHART
* OPEN: 0.8671
* HIGH: 0.8681
* LOW: 0.8631
* CLOSE: 0.8637
* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>.007(BULLISH SIGNAL)
* RSI =>49(BULLISH SIGNAL)
HOURLY USDINDEX CHART

* OPEN: 79.5330
* HIGH: 79.8120
* LOW: 79.4920
* CLOSE: 79.7260
* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.0125(BULLISH SIGNAL)
* RSI =>64(BULLISH SIGNAL)

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