forex next week : 6 to 10 july outlook report

usd inr weekly forecast and trading view for 6 to 10 july

Usd inr July expiry future this week closed at 63.72 with loss. On weekly chart, us dollar is in uptrend but momentum is weak and correction phase is going on. On downside 63.7 and 63.3 are averages support on weekly chart. This week dollar rupee future high was near 64.3 while low was near 63.6. Total 70 paisa week range and closed with loss. Rupee below 64.1 level continue remain strong and continue to gain. That why expect 63.45 and then 62.98 are targets for next week.

Eur inr weekly forecast and trading view for 6 to 10 july

NSE euro rupee future this week closed with loss. This was second weekly loss for euro against Indian rupee. This week euro high was at 71.75 while low was at 70.42. Total 1.3 rupee weekly range and closed with loss. Euro below 71.2 will remain bearish and continue to drift down. But outcome from Greece referendum might show sharp gap up / down trade on Monday. Here below 71.5 keep short view for next week with price target 69.7 and below. Expect high volatile moves in euro on news developments.

Gbp inr weekly forecast and trading view for 6 to 10 july

NSE gbp inr future closed with loss at 99.68. This was second weekly loss for sterling against Indian rupee. This week gbp inr future high was 101 while low was at 99. 2 rupee range in week or almost 2% plus volatility and closed with loss. Weekly chart price pattern is corrective one and indicators patterns are bearish.
For next week, below 99.9 keep short view and expect downside target of 97.8 and below.

Jpy inr weekly forecast and trading view for 6 to 10 july

NSE yen rupee future this week closed with loss. On weekly chart, price trend is down but momentum is still on recovery side for yen future. This week jpy inr future hit high around 52.59 while low was at 51.65. Total almost 1 rupee or 2% volatility in week and closed with loss.
For next week, jpy inr future below 52 remain bearish and trading strategy will be sell on rise. On downside 51.45 and below.

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Updated: 05/07/2015 — 1:21 PM

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Pramod Baviskar

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