Weekly Technical Analysis

Technical Analysis Weekly



Start your week by identifying the key price levels and trends with analysis of the most popular markets, including indices, commodities & forex, from the SpreadEx Research team.

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Wall Street (4 hours)

Price continues to make new lower lows, as support becomes resistance on any bounce.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Down

33,700

33,400

35,000

UK 100 (4 hours)

Price made a new low for February, having dropped back under key support at 7500.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Sideways

7420

7500

7570

Germany 40 (4 hours)

Price held the 14,850 support once but it has now broken down after 15,600 resistance held.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Down

14,500

14,850

15,600

Gold (4 hours)

Price extended its breakout from last week to touch the 1900 round number

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Up

1850

1880

1925

Silver (4 hours)

Price has held 23.0 as support for a third time but is again facing resistance at 24.0.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Up

23.1

24

24.6

Brent Crude (4 hours)

Price found support again at 90.0 and is testing 95 resistance

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Up

88

90

97

GBP/USD (4 hours)

Price is back at the top of its 1.35 to 1.364 trading range.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Sideways

1.35

1.357

1.364

EUR/USD (4 hours)

Price rebounded off 1.13 but has twice failed to move back over 1.14, having failed 3 times at 1.15.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Sideways

1.115

1.138

1.15

USD/JPY (4 hours)

Price has dropped under 115 support after starting a series of lower highs.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Down

114.2

114.9

115.8

Australia 200 (4 hours)

Price has stalled at former support turned resistance at 7250 and is testing uptrend support at 7050.

Source: SpreadEx 

Trend

Support

Pivot

Resistance

Up

6900

7050

7250




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