Weekly Technical Analysis
Weekly Technical Analysis
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
NOTE: These charts use the ‘Pro Trading Tools’ available on the SpreadEx trading platform. To use them, log in to your SpreadEx Financials Account and click ‘Technical’ from the menu on any chart.
Summary
|
Instrument |
Trend |
VWAP (20) |
Support (StdDev #2) |
Resistance (StdDev #2) |
RSI |
|
Brent Crude |
Bearish |
80.73 |
77.72 |
83.63 |
37 |
|
EUR/USD |
Bullish |
1.0873 |
1.0728 |
1.1036 |
54 |
|
GBP/USD |
Bullish |
1.2679 |
1.2246 |
1.2804 |
64 |
|
Germany 40 |
Bullish |
15,899 |
15,293 |
16,393 |
79 |
|
Gold |
Bullish |
2069 |
2002.5 |
2094.4 |
64 |
|
UK 100 |
Bullish |
7459 |
7383.3 |
7501.5 |
54 |
|
USD/JPY |
Bullish |
146.64 |
145.77 |
150.63 |
36 |
|
Wall Street |
Bullish |
35,203 |
34,103 |
36,304 |
78 |
Brent Crude
Trend: Bearish to sideways, as indicated by fractals showing key swing points without a clear direction above or below the VWAP.
Candle Patterns: No significant patterns indicating a strong trend.
Support/Resistance: Support at 7772.4, resistance at 8363.2.
RSI: At 37, the RSI is in a bearish position, suggesting weakness but not yet oversold.
EUR/USD
Trend: Bullish, with upward fractals and prices above the VWAP.
Candle Patterns: Bullish fractals suggest strength in the upward movement.
Support/Resistance: Support at 1.0728, resistance at 1.1036.
RSI: With an RSI of 54, the momentum is bullish.
GBP/USD
Trend: Bullish, as prices are trading above the VWAP with upward fractals reinforcing the trend.
Candle Patterns: Bullish patterns align with the trend direction.
Support/Resistance: Support at 1.2246, resistance at 1.2804.
RSI: At 64, the RSI indicates bullish momentum.
Germany 40
Trend: Strongly bullish with consistent upward fractals above the VWAP.
Candle Patterns: Bullish candles support the strong uptrend.
Support/Resistance: Support at 15,293, resistance at 16,393.
RSI: The RSI at 79 is indicative of bullish strength.
Gold
Trend: Bullish, with prices and fractals above the VWAP indicating upward momentum.
Candle Patterns: Bullish patterns are present.
Support/Resistance: Support at 2002.5, resistance at 2094.4.
RSI: An RSI of 64 suggests bullish momentum.
UK 100
Trend: Bullish with upward fractals above the VWAP.
Candle Patterns: The trend is supported by bullish candle formations.
Support/Resistance: Support at 7383.3, resistance at 7501.5.
RSI: The RSI at 54 indicates a bullish position.
USD/JPY
Trend: Bullish, with upward fractals above the VWAP.
Candle Patterns: Bullish candlesticks support the trend.
Support/Resistance: Support at 145.77, resistance at 150.63.
- RSI: An RSI of 36 shows a bearish position, indicating potential for upward movement.
Wall Street
Trend: Bullish, with the index trading above the VWAP and recent upward fractals.
Candle Patterns: The bullish sentiment is confirmed by the candlestick patterns.
Support/Resistance: Support at 34,103, resistance at 36,304.
RSI: With an RSI of 78, the index shows strong bullish momentum.
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