Technical Analysis Weekly

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.

WEEK COMMENCING 10th MARCH 2025

Summary

*KEY

Trend is set by the slope of the VWAP over 50 periods

Phase is determined by the current price relative to the VWAP (20) level (above or below)

Support & Resistance are set by the StdDev #2 Lower and Upper respectively.

Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).

Analysis

Germany 40
Germany 40 remains in a bullish, impulsive phase, with its price currently at 22,790, holding just above the 20‐day VWAP of 22,750. The RSI reading of 56 signals moderate momentum but is now signalling strong bearish divergence signalling an imminent trend reversal. Support is located at 22,051, while resistance stands at 23,370.

UK 100
The UK 100 maintains a bullish trend but has entered a corrective phase, trading at 8,646,  below the 20‐day VWAP of 8,733. Momentum has cooled, reflected by an RSI of 46 back below the key 50 threshold. Support can be found at 8,587, while resistance sits at 8,880.

Wall Street
Wall Street has turned bearish, with an impulsive drop placing price at 42,385, well below the 20‐day VWAP of 43,364 and just above the 2025 low. The RSI of 33 indicates strong downside momentum, verging on oversold territory. Support aligns at 41,947, while resistance back at 44,781 marks a key barrier against further recovery.

Brent Crude
Brent Crude is now in a bearish, impulsive phase, trading at 7050, well beneath its 20‐day VWAP of 7282 - testing the big 70 level. The RSI reading of 38 underscores persistent selling pressure. A break below 6838 support could accelerate the downtrend, whereas 7726 acts as resistance.

Gold
Gold remains bullish overall but is currently in consolidation, with its price at 2,901 matching the 20‐day VWAP of 2,901. The RSI at 54 reflects steady momentum, less bearish than last week. Support is located at 2,857, while 2,960 is the next resistance to confirm a renewed upswing.

EUR/USD
EUR/USD has undergone a huge reversal and turned bullish, entering an impulsive rally to 1.0853, comfortably above the 20‐day VWAP of 1.0552. The RSI of 74 suggests overbought conditions or very strong upward momentum. Support sits at 1.0215, with 1.0889 resistance from the local high being the next hurdle for further gains.

GBP/USD
GBP/USD continues its bullish, impulsive ascent, trading at a 3-month high of 1.2923, above the 20‐day VWAP of 1.2700. An RSI of 72 signals elevated momentum, nearing overbought territory. Support comes in at 1.2439, while resistance at 1.2961 is now in close reach.

USD/JPY
USD/JPY remains in a bearish, impulsive phase, quoting at 147.05, under the 20‐day VWAP of 149.73 as well as the December lows. The RSI reading of 31 indicates oversold conditions or strong downward pressure. Support lies at 145.21, and resistance at 152.53 must be overcome to challenge the prevailing downtrend.