Weekly Technical Analysis
Technical Analysis Weekly 14.03.2022
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 has formed two higher lows, suggesting less selling pressure and a possible break above the pivot at 33,600 towards the 200 SMA.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
32,300 |
33,600 |
34,100 |
UK 100 (4 hours)
Price is consolidating under 7200 after a rebound off YTD lows. The broader term trend is down but short-term momentum is up with higher highs and lows.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
7000 |
7200 |
7400 |
Germany 40 (4 hours)
Price has snapped the trend of lower highs with a break above and retest of 13,300. Now 14K is resistance to any further recovery.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Down |
13,000 |
14,000 |
14,400 |
Gold (4 hours)
Price has formed a potential head and shoulders pattern with a neckline at 1980. The downside objective of the pattern is approx $100.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
1880 |
1980 |
2070 |
Silver (4 hours)
Silver is confirming the price action in gold with a break below the neckline of possible head and shoulders top pattern.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
24.1 |
25.7 |
26.4 |
Brent Crude (4 hours)
The Brent price has reversed its entire last leg up from 110 to over 138, in what could be another head and shoulders top.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
90 |
110 |
119 |
GBP/USD (4 hours)
Sterling continued the breakdown from 1.33 all the way down to just shy of the big 1.30 handle, which could act as support to an oversold trend.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
1.30 |
1.32 |
1.328 |
EUR/USD (4 hours)
The euro saw a big lift just ahead of 1.08 that carried to 1.11. It has given back 200 of those 300 pips, where 1.09 could see a higher low and put a puse to the downtrend.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Sideways |
1.08 |
1.09 |
1.11 |
EUR/GBP (4 hours)
Price has broken down to multi-year lows, under the December 2019 low.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
0.836 |
0.842 |
0.847 |
Alibaba BABA (Weekly)
Shares of Alibaba are now down 75% from their peak in November - and are approaching all-time lows under $60.
Source: SpreadEx
|
Trend |
Support |
Pivot |
Resistance |
|
Up |
60 |
100 |
130 |
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