WEEKLY FOREX PROJECTION : - 5TH JULY TO 9TH JULY 2021 !!

USDINR

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BULLISH (CORRECTION POSSIBLE - BUY ON DIP)

INDICATORS: - BULLISH

PREVIOUS WEEKLY PERFORMANCE: +0.45%

WEEKLY RANGE: - 73.74 (74.05 – 74.92) 75.24

EURUSD

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BEARISH (WAIT FOR BOUNCE FOR FRESH SHORT POSITION)

INDICATORS: - BEARISH

PREVIOUS WEEKLY PERFORMANCE: - -0.59%

WEEKLY RANGE: - 1.2012 (1.1938 – 1.1798) 1.1732

GBPUSD

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BULLISH TO CORRECTION

INDICATORS: - BULLISH

PREVIOUS WEEKLY PERFORMANCE: - -0.45%

WEEKLY RANGE: - 1.4040(1.3931-1.3722)1.3622

DOLLAR INDEX FUTURE

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BULLISH

INDICATORS: - BULLISH

PREVIOUS WEEKLY PERFORMANCE: - +0.46%

WEEKLY RANGE: - 93.26(92.74-91.70)91.18

GOLD FUTURES

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BEARISH (BOUNCE POSSIBLE)

INDICATORS: - BULLISH

PREVIOUS WEEKLY PERFORMANCE: +0.07%

WEEKLY RANGE: -1835 (1802- 1756) 1730

BRENT OIL FUTURE

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BULLISH

INDICATORS: - OVERBOUGHT

PREVIOUS WEEKLY PERFORMANCE: +0.24%

WEEKLY RANGE: - 78.44 (77.30-74.46) 72.76

BITCOIN

PROJECTION: - 5TH JULY TO 9TH JULY’2021

TREND: - BEARISH (BUT SUPPORT NEAR 50 DMA)

INDICATORS: - OVERSOLD

PREVIOUS WEEKLY PERFORMANCE: +7.41%

WEEKLY RANGE: - 38561 (36660-32608) 30457