Daily i-Forex Report by www.epicresearch.co 26th March 2013

The major currencies are little changed in overnight trade. The Japanese Yen is broadly underperforming as Asian stocks advance, sapping demand for the regional haven currency.

ListFree.org (Press Release) - Tuesday, March 26th, 2013

HEADLINE
 Euro Holds Range on Cyprus Bailout Talk- Pound to Consolidate
 Euro Unwinds Most Of The Cyprus Deal Gains, Aussie Continues To Find Wind
 Euro Surges After Cyprus Was Able To Protect Small Depositors

Euro Unimpressed by Cyprus Deal as Capital Flight Fears Linger
Euro Yields Tepid Response to Cyprus Bailout Deal as Capital Flight Fears
Japanese Yen Declined as Stocks Rose in Asia, Denting Safe-Haven Demand
The major currencies are little changed in overnight trade. The Japanese Yen is broadly underperforming as Asian stocks advance, sapping demand for the regional haven currency. The MSCI Asia Pacific benchmark equity index has added 0.9 percent after Cyprus and the so-called “troika” (EU/ECB/IMF) agreed to measures paving the way for launch of the country’s bailout program. The Euro spiked higher as the news of the deal emerged but the single currency has since retreated as worries about the impact of the Cyprus fiasco on depositor confidence elsewhere in single currency bloc continue to swirl.

TRADING TIPS
• BUY EURUSD
ABOVE 1.3050
tgs 1.3070/1.3090
sl 1.3020

• BUY USDJPY
BELOW 94.55
tgt 94.35/94.15
SL 94.85

• SELL GBPUSD
ABOVE 1.5260
Tgt 1.5280/1.5300
SL 1.5230

ANALYSIS
HOURLY EURUSD CHART

OPEN: 1.3019
HIGH: 1.3048
LOW: 1.2984
CLOSE: 1.3001

• EURUSD LOOKS UPWARD
• TREND : BULLISH
• STRATEGY: BUY ON DEEPS
• MACD =>-.0005(BULLISH SIGNAL)
• RSI =>52(BULLISH SIGNAL)

ANALYSIS

HOURLY USDJPY CHART

OPEN: 94.85
HIGH: 94.96
LOW: 94.59
CLOSE: 94.74

• USDJPY LOOKS DOWNWARD
• TREND: BEARISH
• STRATEGY: SELL ON RISE
• MACD => -0.07(BULLISH SIGNAL)
• RSI =>50(BULLISH SIGNAL)

ANALYSIS

HOURLY GBPUSD CHART

OPEN: 1.5240
HIGH: 1.5258
LOW: 1.5192
CLOSE: 1.5211

• GBPUSD LOOKS UPWARD
• TREND: BULLISH
• STRATEGY: BUY ON DEEPS
• MACD => .002( BEARISH SIGNAL)
• RSI =>45(BEARISH SIGNAL)

HOURLY EURGBP CHART
OPEN: 0.8541
HIGH: 0.8561
LOW: 0.8526
CLOSE: 0.8548

• EURGBP LOOKS UPWARDS
• TREND: BULLISH
• STRATEGY: BUY ON DEEPS
• MACD =>-.003(BULLISH SIGNAL)
• RSI =>55(BULLISH SIGNAL)

HOURLY USDINDEX CHART

OPEN: 82.3800
HIGH: 82.4090
LOW: 82.1460
CLOSE: 82.3360

• USDINDEX LOOKS DOWNWARD
• TREND: BEARISH
• STRATEGY: SELL ON RISE
• MACD =>0.22(BEARISH SIGNAL)
• RSI =>43(BEARISH SIGNAL)

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