Daily i-Forex Report by www.epicresearch.co 18th February 2013

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indore, India (prHWY.com) February 18, 2013 - HEADLINE

 Forex: EUR/USD Strength Shaken By EZ GDP, USD/JPY And EUR/JPY Slip
 EURUSD- Trading the U. of Michigan Confidence Survey
 Pound Sets A New 6-Month Low On Disappointing Retail Start To The New Year

G20 Unlikely to Break New Ground on Currency Policy


* G20 Meeting Unlikely to Break New Ground on FX Intervention Policy
* Euro May Recover if Weekly LTRO Repayment Exceeds Recent Trends
* Yen Advanced in Asia as Stocks Fell, Muto Tipped for Top Spot at BOJ

A quiet economic calendar in European trading hours puts the spotlight on the start of meeting of G20 finance ministers and central bank governors in Moscow. While the recent focus on so-called -sit-down is likely to disappoint in terms of the ambition of its final outcome. Although policymakers are sure to offer plenty of lip-service to the importance of exchange rate flexibility, nothing concrete is likely to emerge as usual.





 TRADING TIPS

* BUY EURUSD

BELOW 1.3311
tgs 1.3297/1.3283
sl 1.3331

* BUY USDJPY

BELOW 92.22
tgt 92.08/91.94
SL 92.42


* SELL GBPUSD

BELOW 1.5461
tgt 1.5447/1.5433
SL 1.5481


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3350
HIGH: 1.3393
LOW: 1.3311
CLOSE: 1.3334

* EURUSD LOOKS UPWARD
* TREND : BEARISH
* STRATEGY: SELL ON RISE
* MACD =>. 0000(BEARISH SIGNAL)
* RSI => 36(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 92.96
HIGH: 93.12
LOW: 92.22
CLOSE: 92.60



* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => 0.01(BULLISH SIGNAL)
* RSI =>43(BULLISH SIGNAL)


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5485
HIGH: 1.5550
LOW: 1.5461
CLOSE: 1.5501

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0011(BEARISH SIGNAL)
* RSI => 44(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8621
HIGH: 0.8633
LOW: 0.8574
CLOSE: 0.8602


* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>.000(BEARISH SIGNAL)
* RSI =>45(BEARISH SIGNAL)



HOURLY USDINDEX CHART

OPEN: 80.4290
HIGH: 80.4890
LOW: 80.2160
CLOSE: 80.4630

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.033(BULLISH SIGNAL)
* RSI =>58(BULLISH SIGNAL)
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