Daily i-Forex Report by www.epicresearch.co 6th March 2013

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indore, India (prHWY.com) March 6, 2013 - HEADLINE
 Aussie to Build on Rally as Yen Reverses if ISM Surprises Higher
 Dollar Suffers Mild Retreat on Volumeless Dow Advance, Fed Remarks
 Dollar Index Outlook Bullish Ahead of RBA, Chinese News

Australian Dollar Gains as RBA Pours Cold Water on Rate Cut Outlook
Japanese Yen Follows 10yr JGB Yields Higher on Bond Sale Demand Drop
Upside Surprise on USNon-Mfg ISM May Drive Swell in Risk Appetite
The Japanese Yen advanced as yields on the benchmark 10-year government bonds pushed sharply higher, adding 2.6 percent to record the largest daily advance in over two weeks. The move followed a poor showing at an auction of 10-year notes, where the bid-to-cover measure of demand fell to 2.37 compared with 2.75 at a sale of similar paper a month ago, marking the weakest uptake since July 2009. The surge in borrowing costs appears to have eroded the Yen's near-term appeal as a cheap funding vehicle, forcing an unwinding of carry trades financed in the perennially low-yielding currency.

TRADING TIPS
* BUY EURUSD
ABOVE 1.3075
tgs 1.3095/1.3115
sl 1.3045

* SELL USDJPY
BELOW 92.90
tgt 92.70/92.50
SL 93.20

* SELL GBPUSD
BELOW 1.5105
Tgt 1.5085/1.5065
SL 1.5135




ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3035
HIGH: 1.3075
LOW: 1.3023
CLOSE: 1.3040



* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.000(BULLISH SIGNAL)
* RSI => 50(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 93.41
HIGH: 93.52
LOW: 92.91
CLOSE: 93.14



* USDJPY LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => -0.02( BULLISH SIGNAL)
* RSI =>44(BULLISH SIGNAL)





ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5129
HIGH: 1.5199
LOW: 1.5106
CLOSE: 1.5151



* GBPUSD LOOKS DOWNWARD
* TREND: BULLISH
* STRATEGY: SELL ON RISE
* MACD => .005( BEARISH SIGNAL)
* RSI => 65(BEARIISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8616
HIGH: 0.8635
LOW: 0.8588
CLOSE: 0.8596



* EURGBP LOOKS DOWNWARDS
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD =>-.003(BULLISH SIGNAL)
* RSI =>33(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 82.1270
HIGH: 82.1750
LOW: 81.9000
CLOSE: 82.0310




* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.79(BEARISH SIGNAL)
* RSI =>47(BEARISH SIGNAL)

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