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 17th 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 maintains a bullish trajectory, with price action at 22 949 firmly above its 20‐day VWAP of 22 737—indicating an impulsive upswing. The RSI at 57 points to moderate upward momentum, while support at 22 120 could cushion any pullbacks. Resistance is located at 23 354, where a decisive break may open further upside.

UK 100

The UK 100 retains an overall bullish trend but has moved into a corrective posture, trading at 8 631 just below its 20‐day VWAP of 8 684. Momentum has softened, as suggested by the RSI reading of 47. Key support sits at 8 482, while 8 885 serves as the next major barrier against a renewed climb.

Wall Street

Wall Street extends its bearish momentum, posting 41 268 and remaining well under the 20‐day VWAP of 42 652. With an RSI of 30, prices are creeping toward oversold territory, signaling persistent downside pressure. Support is noted at 40 701, and any recovery attempt would first target 44 603 as immediate resistance.

Brent Crude

Brent Crude stays locked in a bearish, impulsive swing, currently at 7 100—still beneath its 20‐day VWAP of 7 230. The RSI of 45 reveals ongoing selling pressure, though not at an extreme. Sellers will be eyeing a break below 6 791 support to drive the next leg down, while 7 471 stands as a hurdle to further recovery.

Gold

Gold has shifted to a more forceful bullish phase, trading near 2 990 above the 20‐day VWAP of 2 921. An RSI value of 68 signals robust momentum, albeit not yet fully overbought. Initial support waits at 2 841, while a push through 3 001 resistance would likely confirm another leg higher.

EUR/USD

EUR/USD continues its upward march, standing at 1.0883 in an impulsive move that surpasses the 20‐day VWAP of 1.0676. With an RSI reading of 70, the pair flirts with overbought conditions, yet strength remains evident. Should prices pull back, 1.0255 is the safety net, whereas 1.1086 is the next notable ceiling for potential gains.

GBP/USD

GBP/USD persists in its bullish ascent at 1.2940, reinforcing an impulsive stance above the 20‐day VWAP of 1.2791. Momentum remains elevated (RSI 68), edging closer to overbought but not quite there yet. Support around 1.2504 underpins any corrective slide, while 1.3088 may attract buyers if the rally continues.

USD/JPY

USD/JPY upholds its bearish direction, quoted at 148.85—still below the 20‐day VWAP of 148.00 in an impulsive manner. An RSI of 45 indicates moderate downward force, though not oversold. The pair’s nearest support resides at 146.84, while a climb above 150.83 would be required to test the current downtrend’s resilience.