The legend in the InstaSpot team!
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In December, from the level of 1.1598 (the close of the November monthly candle), the price may begin moving downward toward 1.1252 — the 38.2% retracement level (yellow dashed line). From this level, the market may show a corrective upward move toward 1.1315 — the support line (thin blue line).
Fig. 1 (Monthly Chart).
Conclusion from comprehensive analysis: a downward trend is possible.
The price will most likely show a downward tendency, with the monthly bearish candle lacking the first upper shadow (first week of the month — bearish) and having the second lower shadow (last week of the month — bullish).
From the level of 1.1598 (the close of the November monthly candle), the price may continue moving downward toward 1.1391 — the lower fractal (monthly candle of August 1, 2025). From this level, the market may move upward toward 1.1506 — the 23.6% retracement level (yellow dashed line).
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
