Weekly Technical Analysis
Weekly Technical Analysis
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 14TH APRIL 2025
Summary
| Instrument | Trend | Phase | Price | VWAP (20) | Support | Resistance | RSI (14) |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bearish | Correction | 20805 | 21478 | 19120 | 23836 | 43 |
| UK 100 | Bearish | Correction | 8105 | 8147 | 7428 | 8865 | 42 |
| Wall Street | Bearish | Correction | 40409 | 40734 | 37241 | 44228 | 48 |
| Brent Crude | Bearish | Impulsive | 6445 | 6895 | 5964 | 7826 | 39 |
| Gold | Bullish | Impulsive | 3231.2 | 3084 | 2921 | 3230 | 69 |
| EUR/USD | Bullish | Impulsive | 1.1392 | 1.0955 | 1.0543 | 1.1392 | 75 |
| GBP/USD | Bullish | Impulsive | 1.3130 | 1.2940 | 1.2733 | 1.3130 | 63 |
| USD/JPY | Bearish | Impulsive | 142.73 | 147.65 | 142.43 | 153.06 | 34 |
*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 bearish market but has entered a correction following last week’s big turnaround. It is trading at 20,805, still below its 20-day VWAP of 21,478. The RSI at 43 suggests weak momentum, but not extreme oversold conditions. Support is in place at 19,120, while a breakout above resistance at 23,836 would be needed to challenge the current trend.
UK 100
The UK 100 is in a bearish correction phase, hovering at 8,105 and just under the VWAP of 8,147. With an RSI of 42, momentum remains muted but no longer extremely weak. Support is seen at 7,428, and resistance looms at 8,865.
Wall Street
Wall Street continues to correct within a broader bearish trend. It trades at 40,409, slightly below the VWAP of 40,734. RSI at 48 indicates neutral momentum, showing signs of consolidation. Key support is found at 37,241, while resistance stands at 44,228.
Brent Crude
Brent Crude is in a bearish impulsive move, with price down to 6,445, firmly beneath the VWAP of 6,895. RSI at 39 signals persistent bearish pressure. Immediate support lies at 5,964, and resistance caps upside potential way back up at 7,826.
Gold
Gold continues to show strength, advancing in an impulsive bullish trend to yet more record highs. It trades at 3,231, above its VWAP of 3,084. The RSI at 69 places it just shy of overbought levels, suggesting momentum remains strong. Support rests at 2,921, while resistance is close at 3,231.
EUR/USD
EUR/USD is surging in a bullish impulsive phase, trading at 1.1392 and significantly above its VWAP of 1.0955. RSI is elevated at 75, indicating overbought territory and scope for some kind of consolidation. Support is located at 1.0543, and price is currently testing resistance at 1.1392.
GBP/USD
GBP/USD continues its impulsive bullish move, currently trading at 1.3130, just above the VWAP of 1.2940. RSI at 63 reflects solid bullish momentum. Support sits at 1.2733, while resistance coincides with the current high at 1.3130.
USD/JPY
USD/JPY is in a bearish impulsive move, trading at 142.73, beneath the VWAP of 147.65. The RSI at 34 suggests weakening momentum, close to oversold but not extreme. Support is nearby at 142.43, with resistance up at 153.06.
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