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USD (US Dollar)

USD INR : WILL IT BREAK THE RESISTANCES THIS TIMEI am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of breaking out is high, with support of two Moving Averages below the CMP, and ascending support line. However , it may encounter another rejection at resistance level 2 again , as it has not been tested much. Please share your views !
Long
by chakraveer1104
#NIFTY & BANKNIFTY ANALYSIS AS ON 20/02/2023 |BUCKSTRADERSYour search for today's market highlight ends here. Please do share your feedback with us, we are more than happy to help you out and do not forget to subscribe our channel. #StockRecommendations #StockMarket #Trading #IntradayTrading #Buy #Accumulate Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes. ✔️Daily Stock recommendations ✔️Research reports on 230+ stocks and 20+ sectors ✔️Dedicated Personal Advisor.
NSE:BANKNIFTYLong
by BUCKSTRADERS
1
USDINRPlease keep in mind that this is only for futures and positional traders. You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3). There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible. It is important to note that this view is for the next three months and is not recommended for short-term time frames.  Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.  Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
Long
by WECLAN