Daily i-ForexReport by http://www.epicresearch.co 31th January 2013

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indore, India (prHWY.com) January 31, 2013 - HEADLINE
 Forex News: UK Mortgage Approvals Rise To An 11-
 Forex News: Swiss Economic Indicator Falls to
 Forex Analysis: US Dollar Reverses Lower As S&P 500 Tops 1500 Mark
Forex News: Euro Breaks a 15-Month High Following Improved Consumer Confidence
The Euro-area business climate indicator improved to an eight month high in January, according to the European Commission. The indicator was reported at -1.09, which although was worse than the expected -1.00 result, was still an improvement from a revised -1.11 in January. Additionally, the Euro-zone consumer confidence was confirmed at -23.9 in January, an improvement from December's consumer confidence.


 TRADING TIPS

BUY EURUSD ABOVE
1.3550 tgs
1.3565/1.3580 sl
1.3530

SELL GBPUSD BELOW
1.5725 tgt
1.5715/1.5700 SL
1.5745

BUY EURGBP ABOVE
.8596 tgt
.8611/.8626 SL .8576

ANALYSIS
HOURLY EURUSD CHART
OPEN: 1.3488
HIGH: 1.3547
LOW: 1.3482
CLOSE: 1.3545

* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>. 0005(BULLISH SIGNAL)
* RSI => 70(BULLISH SIGNAL)



ANALYSIS

HOURLY USDJPY CHART
OPEN: 90.78
HIGH: 91.41
LOW: 90.76
CLOSE: 91.31

* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => 0000( BULLISH SIGNAL)
* RSI =>70(BULLISH SIGNAL)

ANALYSIS
HOURLY GBPUSD CHART
OPEN: 1.5744
HIGH: 1.5775
LOW: 1.5725
CLOSE: 1.5772
* GBPUSD LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => -.0005( BULLISH SIGNAL)
* RSI => 59(BULLISH SIGNAL)
HOURLY EURGBP CHART
OPEN: 0.8566
HIGH: 0.8596
LOW: 0.8559
CLOSE: 0.8596
* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>.0022(BULLISH SIGNAL)
* RSI =>74(BULLISH SIGNAL)

HOURLY USDINDEX CHART
OPEN: 79.5790
HIGH: 79.6160
LOW: 79.4060
CLOSE: 79.4100

* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DIPS
* MACD =>-0.0125(BULLISH SIGNAL)
* RSI =>54(BULLISH SIGNAL)

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