Weekly Trading Update
Weekly Technical Analysis 07.02.2022
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 is retracing within its recovery from the January sell-off.
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
33,700 |
34,900 |
36,650 |
Source: SpreadEx
UK 100 (4 hours)
Price is consolidating under multi-year highs near 7600.
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
7420 |
7600 |
7750 |
Source: SpreadEx
Germany 40 (4 hours)
Price is holding just above 15,000 and the 2022 lows.
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
15,850 |
15,100 |
16,300 |
Source: SpreadEx
Gold (4 hours)
Price is consolidating under 1810 after holding the low at 1780.
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
1780 |
1830 |
1855 |
Source: SpreadEx
Silver (4 hours)
Price is consolidating above range support.
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
22.00 |
23.40 |
24.70 |
Source: SpreadEx
Brent Crude (4 hours)
Price is pulling back from the 94 level.
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
85 |
90 |
95 |
Source: SpreadEx
GBP/USD (4 hours)
Price is pulling back after a big rebound from 2022 lows.
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
1.33 |
1.343 |
1.36 |
Source: SpreadEx
EUR/USD (4 hours)
Price is consolidating under the 1.15 level
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
1.129 |
1.14 |
1.15 |
Source: SpreadEx
EUR/GBP (4 hours)
Price is dropping back from a big rally off the lows.
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
0.832 |
0.843 |
0.851 |
Source: SpreadEx
German Bund (Weekly)
Price has broken below multi-year support.
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
162.5 |
168 |
179 |
Source: SpreadEx
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