Daily i-Forex Report by www.epicresearch.co 13th February 2013

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indore, India (prHWY.com) February 13, 2013 - HEADLINE

 USD/JPY Returns To Nearly Three-Year Highs On More Threats
 Dollar Strong Despite Risk Appetite, Steady EUR/USD Eyes 1.3500
 Euro at Risk as EU Meeting Disappoints, Pound to Hold Steady

Pound Looks to CPI for Direction,Euro Eyes Spain Bailout Hopes

UK Consumer Price Index figures headline the economic calendar in European hours. Expectations suggest the headline year-on-year inflation rate will remain at 2.7 percent in January, unchanged from the prior month. A softer print has scope to weigh on the dovish lean in the upcoming BOE quarterly inflation report. An outcome in line with expectations may offer a bit of room for a corrective recovery however as event risk. Needless to say, a number north of expectations would amplify the likelihood of such a scenario.




 TRADING TIPS

* BUY EURUSD

ABOVE 1.3410
tgs 1.3430/1.3450
sl 1.3390

* BUY USDJPY

ABOVE 94.37
tgt 94.57/94.77
SL 94.17


* SELL GBPUSD

BELOW 1.5574
tgt 1.5560/1.5545
SL 1.5594


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3402
HIGH: 1.3410
LOW: 1.3364
CLOSE: 1.3403

* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>. -0005(BULLISH SIGNAL)
* RSI => 55(BULLISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 94.19
HIGH: 93.37
LOW: 93.87
CLOSE: 94.07


* USDJPY LOOKS DOWNWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => 0011(BULLISH SIGNAL)
* RSI =>59(BULLISH SIGNAL)


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5655
HIGH: 1.5668
LOW: 1.5574
CLOSE: 1.5588

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => .0005(BEARISH SIGNAL)
* RSI => 20(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8560
HIGH: 0.8604
LOW: 0.8540
CLOSE: 0.8598

* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>.-002(BULLISH SIGNAL)
* RSI =>72(BULLISH SIGNAL)



HOURLY USDINDEX CHART

OPEN: 80.3520
HIGH: 80.5030
LOW: 80.3350
CLOSE: 80.4020

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.045(BULLISH SIGNAL)
* RSI =>65(BULLISH SIGNAL)

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