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 made a fresh 2022 low but has snapped back above the Jan 24 low since to test resistance at 34K.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
33,100 |
34,000 |
35,000 |
UK 100 (4 hours)
Price dropped under the January low and 7200 but has since rallied right back to resistance at 7570, then gapped under 7400 and held steady.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
71900 |
7390 |
7570 |
Germany 40 (4 hours)
Price is trending down under a downtrend line but has made one higher low at 14K in the sign of a possible bottom.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
14,000 |
14350 |
14,800 |
Gold (4 hours)
Price rallied to 1975 only to fall right back to prior support at 1880. The trend remains up but 1975 has marked a short-term top.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
1840 |
1880 |
1920 |
Silver (4 hours)
Price jumped to new 2022 highs but dropped back under a uptrend line to 24.0 support and failed to make it back over resistance formed by the Jan 21 peak.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
24 |
24.5 |
25.5 |
Brent Crude (4 hours)
Price is supported by an uptrend line but lost some momentum when it pulled back from over 100, which is now resistance
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
93 |
96 |
100 |
GBP/USD (4 hours)
Price slumped out of its trading range to under the Jan 28 but spiked higher form under 1.33
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
1.337 |
1.35 |
1.364 |
EUR/USD (4 hours)
Price double-bottomed above 1.11 but faces stiff resistance near 1.13.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
1.115 |
1.138 |
1.15 |
USD/JPY (4 hours)
Price broke above a downtrend line, possibly ending the correction lower since Feb 10, but has found resistance from the Feb 15 peak.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
114.5 |
115.3 |
115.8 |
London Gas (4 hours)
Price is attempting a break above the Feb 7 peak. It has been trending higher with the 50 SMA acting as dynamic support to any pullbacks.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
804 |
850 |
900 |
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