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 |
|
Germany 40 |
Bullish |
15,899 |
15,293 |
16,393 |
79 |
|
UK 100 |
Bullish |
7459 |
7383.3 |
7501.5 |
54 |
|
Wall Street |
Bullish |
35,203 |
34,103 |
36,304 |
78 |
|
Gold |
Bullish |
2069 |
2002.5 |
2094.4 |
64 |
|
Brent Crude |
Bearish/Sideways |
8072.7 |
7772.4 |
8363.2 |
37 |
|
EUR/USD |
Bullish |
1.0873 |
1.0728 |
1.1036 |
54 |
|
GBP/USD |
Bullish |
1.2679 |
1.2246 |
1.2804 |
64 |
|
USD/JPY |
Bullish |
146.64 |
145.77 |
150.63 |
36 |
EUR/USD
- Trend: Bearish, with downward fractals.
- Candle Patterns: A 'Spinning Top' suggests indecision.
- Support/Resistance: Support at 1.0720, resistance at 1.0876.
- RSI: 43, indicating bearish momentum.
GBP/USD
- Trend: Neutral to slightly bearish.
- Candle Patterns: A 'Harami' may signal trend reversal.
- Support/Resistance: Support at 1.2438, resistance at 1.2738.
- RSI: 53, suggesting potential momentum change.
Germany 40
- Trend: Strongly bullish.
- Candle Patterns: 'Engulfing' pattern indicates buying pressure.
- Support/Resistance: Support at 15,621, resistance at 16,921.
- RSI: 82, signalling overbought conditions.
Gold
- Trend: Neutral as price approaches VWAP.
- Candle Patterns: 'Shooting Star' hints at bearish reversal.
- Support/Resistance: Support at 1952, resistance at 2034.
- RSI: 47, leaning towards bearish momentum.
Brent Crude Oil
- Trend: Bearish below VWAP.
- Candle Patterns: 'Piercing Line' suggests potential trend reversal.
- Support/Resistance: Support at 7400, resistance at 7930.
- RSI: 38, approaching oversold conditions.
UK 100
- Trend: Bullish above VWAP.
- Candle Patterns: 'Engulfing' supports bullish continuation.
- Support/Resistance: Support at 7413, resistance at 7557.
- RSI: 56, indicating stable bullish momentum.
USD/JPY
- Trend: Bearish below VWAP.
- Candle Patterns: 'Harami Cross' suggests uncertainty.
- Support/Resistance: Support at 144.2, resistance at 147.5.
- RSI: 42, suggesting a bearish outlook.
Wall Street Index
- Trend: Bullish above VWAP.
- Candle Patterns: 'Harami' may indicate trend hesitation.
- Support/Resistance: Support at 34,770, resistance at 36,650.
- RSI: 76, indicative of overbought conditions.
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