AntaresScorpius
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EUR/USD Forex Technical Analysis for the Week of October 29-3, 2025
Let's analyze this EUR/USD weekly chart in detail, considering all visible technical aspects:
📈1. Chart Pattern: Rising Wedge
•
The main pattern is a rising wedge, formed by two converging trendlines.
•
This pattern is generally bearish: it indicates that, despite the price rising, the trend strength is weakening.
•
A breakout of the wedge is often followed by a significant correction.
📊2. Technical Indicators
MACD (Moving Average Convergence Divergence)🔹
•
The blue MACD line is crossing below the orange signal line.
•
This is a bearish signal, suggesting a possible trend reversal or weakening of bullish momentum.
Stochastic Oscillator🔸
•
The two lines are in the overbought zone (above 80).
•
This indicates that the price may be overvalued and ripe for a correction.
•
If the lines begin to cross and decline, it is a further sign of a bearish reversal.
🕰️🕰️4. Time Context
•
The chart covers mid-2020 to mid-2023, showing a long-term uptrend.
•
However, the wedge formation and indicators suggest that this trend may be nearing its end.
🧭5. Conclusion: Short or Long Trend?
Appearance
Indication
Rising Wedge Pattern
Bearish (Short)
MACD
Bearish (Short)
Stochastic
Overbought → Bearish (Short)
EUR/USD Forex Technical Analysis for the Week of October 29–3, 2025
Appearance Indication
Price near resistance
Potential reversal
Weekly timeframe
Signals valid for the medium to long term
🔻Conclusion: The current trend is showing signs of a bearish reversal. Although the recent move has been long, technical signals indicate that it may be time to consider a short position, especially if the price breaks the wedge downwards.
Let's analyze this EUR/USD weekly chart in detail, considering all visible technical aspects:
📈1. Chart Pattern: Rising Wedge
•
The main pattern is a rising wedge, formed by two converging trendlines.
•
This pattern is generally bearish: it indicates that, despite the price rising, the trend strength is weakening.
•
A breakout of the wedge is often followed by a significant correction.
📊2. Technical Indicators
MACD (Moving Average Convergence Divergence)🔹
•
The blue MACD line is crossing below the orange signal line.
•
This is a bearish signal, suggesting a possible trend reversal or weakening of bullish momentum.
Stochastic Oscillator🔸
•
The two lines are in the overbought zone (above 80).
•
This indicates that the price may be overvalued and ripe for a correction.
•
If the lines begin to cross and decline, it is a further sign of a bearish reversal.
🕰️🕰️4. Time Context
•
The chart covers mid-2020 to mid-2023, showing a long-term uptrend.
•
However, the wedge formation and indicators suggest that this trend may be nearing its end.
🧭5. Conclusion: Short or Long Trend?
Appearance
Indication
Rising Wedge Pattern
Bearish (Short)
MACD
Bearish (Short)
Stochastic
Overbought → Bearish (Short)
EUR/USD Forex Technical Analysis for the Week of October 29–3, 2025
Appearance Indication
Price near resistance
Potential reversal
Weekly timeframe
Signals valid for the medium to long term
🔻Conclusion: The current trend is showing signs of a bearish reversal. Although the recent move has been long, technical signals indicate that it may be time to consider a short position, especially if the price breaks the wedge downwards.