Daily i-Forex Report by www.epicresearch.co 15th February 2013

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indore, India (prHWY.com) February 15, 2013 - HEADLINE

 Euro May Fall As Deepening Recession Drives ECB Easing Bets
 Dollar At Risk Below 2012 High, S&P 500 Looking Top-Heavy
 Euro Sets a 2-Week Low as the Euro-Zone Recession Continues

THE TAKEAWAY: Euro-zone GDP declines 0.6% in Q4, more than expected -> ECB predicts a recovery later in 2013 -> Euro declines to a 2-week low

The Euro-zone economy contracted for the third straight quarter in Q4, thereby extendingoss domestic product declined 0.6% over the quarter (seasonally adjusted), the highest quarterly decline in nearly 4-years, and the
decline was worse than an expected 0.4% -zone GDP dropped 0.9% from Q4 2011 according to a Eurostat initial estimate.



 TRADING TIPS

* BUY EURUSD

ABOVE 1.3320
tgs 1.3305/1.3290
sl 1.3340

* BUY USDJPY

ABOVE 93.71
tgt 93.86/94.06
SL 93.57


* SELL GBPUSD

BELOW 1.5492
tgt 1.5478/1.5464
SL 1.5506


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3445
HIGH: 1.3455
LOW: 1.3320
CLOSE: 1.3330

* EURUSD LOOKS UPWARD
* TREND : BEARISH
* STRATEGY: SELL ON RISE
* MACD =>. -0002(BEARISH SIGNAL)
* RSI => 70(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.24
HIGH: 93.71
LOW: 92.13
CLOSE: 93.45



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


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5532
HIGH: 1.5543
LOW: 1.5492
CLOSE: 1.5506

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0011(BEARISH SIGNAL)
* RSI => 27(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8656
HIGH: 0.8666
LOW: 0.8586
CLOSE: 0.8592

* EURGBP LOOKS DOENWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>.0017(BULLISH SIGNAL)
* RSI =>81(BULLISH SIGNAL)



HOURLY USDINDEX CHART

OPEN: 80.0700
HIGH: 80.6210
LOW: 80.0620
CLOSE: 80.5920

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.045(BULLISH SIGNAL)
* RSI =>75(BULLISH SIGNAL)
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