AntaresScorpius
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Technical analysis of the EURUSD daily chart for the week of October 6-10, 2025.
📊 Technical Analysis – Candlesticks and Price Action
• Recent Trend: The price appears to be in a consolidation phase after a bearish move. The latest candles show small bodies and upper wicks, a sign of indecision and possible bearish pressure.
• Visible Pattern: There is no clear pattern like an Evening Star or a Doji Star, but the structure suggests a potential bearish continuation if support is broken.
📈 MACD (Moving Average Convergence Divergence)
• MACD Line Below the Signal Line: This is a bearish signal.
• Negative Histogram: Confirms bearish divergence and loss of momentum.
• No obvious divergence with the price, so the signal is consistent with the current movement.
📉 Stochastic RSI
• Oscillator in oversold zone (<20): This could suggest a possible technical rebound, but is not sufficient on its own to enter long.
• Curves still flat: There is no clear upward reversal yet, so the signal is neutral/bearish.
🧠 Probable Scenario
Scenario Description Probability Recommended Action
📉 Continuation Short If it breaks the current support with volume, confirming the bearish momentum. High. Short with a stop above the last indecision candle.
📈 Technical Bounce. If the Stochastic RSI begins to reverse and the price forms a reversal candle (hammer-like). Medium. Wait for confirmation before entering long.
⏸️ Sideways. If the price continues to move in a directionless range. Low. Avoid trades until there is a breakout.
📌 Trading Conclusion
Currently, the setup is predominantly short, supported by:
• Negative MACD
• Stochastic RSI oversold but not yet reversed
• Weak price action with no signs of a reversal.
However, given your focus on risk and multi-factor confirmation, I would recommend waiting for:
• A decisive break of the support to enter short.
• Or a reversal candle + bullish Stochastic cross. RSI to evaluate a technical long
📊 Technical Analysis – Candlesticks and Price Action
• Recent Trend: The price appears to be in a consolidation phase after a bearish move. The latest candles show small bodies and upper wicks, a sign of indecision and possible bearish pressure.
• Visible Pattern: There is no clear pattern like an Evening Star or a Doji Star, but the structure suggests a potential bearish continuation if support is broken.
📈 MACD (Moving Average Convergence Divergence)
• MACD Line Below the Signal Line: This is a bearish signal.
• Negative Histogram: Confirms bearish divergence and loss of momentum.
• No obvious divergence with the price, so the signal is consistent with the current movement.
📉 Stochastic RSI
• Oscillator in oversold zone (<20): This could suggest a possible technical rebound, but is not sufficient on its own to enter long.
• Curves still flat: There is no clear upward reversal yet, so the signal is neutral/bearish.
🧠 Probable Scenario
Scenario Description Probability Recommended Action
📉 Continuation Short If it breaks the current support with volume, confirming the bearish momentum. High. Short with a stop above the last indecision candle.
📈 Technical Bounce. If the Stochastic RSI begins to reverse and the price forms a reversal candle (hammer-like). Medium. Wait for confirmation before entering long.
⏸️ Sideways. If the price continues to move in a directionless range. Low. Avoid trades until there is a breakout.
📌 Trading Conclusion
Currently, the setup is predominantly short, supported by:
• Negative MACD
• Stochastic RSI oversold but not yet reversed
• Weak price action with no signs of a reversal.
However, given your focus on risk and multi-factor confirmation, I would recommend waiting for:
• A decisive break of the support to enter short.
• Or a reversal candle + bullish Stochastic cross. RSI to evaluate a technical long