Daily i-Forex Report by www.epicresearch.co 19th February 2013

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indore, India (prHWY.com) February 19, 2013 - HEADLINE

 Japanese Yen Sinks as G20 Leaves Door Open for BOJ Stimulus
 Dollar Waits for Downside Follow-Through, S&P 500 at Risk
 Dollar: EUR/USD and USD/JPY Critical after 5 Week USDollar Rally

Japanese Yen Sinks as G20 Leaves Door Open for BOJ Stimulus


* Japanese Yen Sinks as G20 Outcome Allows BOJ to Continue Stimulus

* EU President,s comments May Spark Risk Aversion on Budget Uncertainty

The Japanese Yen traded broadly lower against its major counterparts overnight in the wake of the weekend,s G20 summit .The group issued a communiqué that did not single japan for its efforts to bring down the currency, saving only that "monetry policy should be directed toward domestic price stability and continuing to support economic devaluation [and] will not target our exchange rates for competitive purposes."





 TRADING TIPS

* BUY EURUSD

BELOW 1.3311
tgs 1.3297/1.3283
sl 1.3331

* BUY USDJPY

BELOW 94.22
tgt 94.36/9.50
SL 94.42


* SELL GBPUSD

BELOW 1.5438
tgt 1.5424/1.5410
SL 1.5458


ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3339
HIGH: 1.3379
LOW: 1.3321
CLOSE: 1.3348

* EURUSD LOOKS UPWARD
* TREND : BEARISH
* STRATEGY: SELL ON RISE
* MACD =>. 0000(BEARISH SIGNAL)
* RSI => 48(BEARISH SIGNAL)




ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.76
HIGH: 94.22
LOW: 93.71
CLOSE: 93.98



* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => 0.02(BULLISH SIGNAL)
* RSI =>61(BULLISH SIGNAL)


ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5476
HIGH: 1.5501
LOW: 1.5438
CLOSE: 1.5470

* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0011(BEARISH SIGNAL)
* RSI => 40(BEARISH SIGNAL)




HOURLY EURGBP CHART
OPEN: 0.8618
HIGH: 0.8648
LOW: 0.8603
CLOSE: 0.8627


* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>.001(BEARISH SIGNAL)
* RSI =>54(BEARISH SIGNAL)



HOURLY USDINDEX CHART

OPEN: 80.6270
HIGH: 80.7270
LOW: 80.5160
CLOSE: 80.6410

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.071(BULLISH SIGNAL)
* RSI =>58(BULLISH SIGNAL)

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