Daily i-Forex Report by www.epicresearch.co 12th March 2013

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indore, India (prHWY.com) March 12, 2013 - HEADLINE
 Measuring Risk and Stimulus for EUR/USD, GBP/USD and USD/JPY
 EUR/USD Trade at 1.3000 Still Constructive; S&P 500 Warning Flags
 Forex: Dollar Rallies for 8 Weeks Straight after Strong NFP-Friday Close

Dollar May Decline as Markets Rethink US Jobs Data Implications
The Australian and New ZealandDollars opened the trading week lower as expected in the wake of Chinese CPI figures released over the weekend. The report showed the year-on-year inflation rate unexpectedly accelerated to 3.2 percent in February, marking the highest reading in 10 months. This appeared to fuel concerns about on-coming policy tightening that slows Chinese growth, eroding the outlook for demand from a crucial market for Australian and New Zealand exporters.
TRADING TIPS
* BUY EURUSD
ABOVE 1.3035
tgs 1.3055/1.3075
sl 1.3005

* BUY USDJPY
ABOVE 96.25
tgt 96.45/96.65
SL 95.95

* SELL GBPUSD
BELOW 1.4900
Tgt 1.4880/1.4860
SL 1.4930









ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.2987
HIGH: 1.3025
LOW: 1.2984
CLOSE: 1.3007



* EURUSD LOOKS UPWARD
* TREND : BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.000(BULLISH SIGNAL)
* RSI =>48(BULLISH SIGNAL)


ANALYSIS

HOURLY USDJPY CHART

OPEN: 96.19
HIGH: 96.25
LOW: 95.97
CLOSE: 96.06



* USDJPY LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD => -0.05(BULLISH SIGNAL)
* RSI =>58(BULLISH SIGNAL)






ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.4907
HIGH: 1.4943
LOW: 1.4900
CLOSE: 1.4902





* GBPUSD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE
* MACD => .002( BEARISH SIGNAL)
* RSI =>34(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8712
HIGH: 0.8728
LOW: 0.8703
CLOSE: 0.8727




* EURGBP LOOKS UPWARDS
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>-.003(BULLISH SIGNAL)
* RSI =>61(BULLISH SIGNAL)


HOURLY USDINDEX CHART

OPEN: 82.8250
HIGH: 82.8340
LOW: 82.6300
CLOSE: 82.7500







* USDINDEX LOOKS UPWARD
* TREND: BULLISH
* STRATEGY: BUY ON DEEPS
* MACD =>0.79(BEARISH SIGNAL)
* RSI =>60(BEARISH SIGNAL)

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