Weekly Technical Analysis
Technical Analysis Weekly
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 continues to make new lower lows, as support becomes resistance on any bounce.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Down |
33,700 |
33,400 |
35,000 |
UK 100 (4 hours)
Price made a new low for February, having dropped back under key support at 7500.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Sideways |
7420 |
7500 |
7570 |
Germany 40 (4 hours)
Price held the 14,850 support once but it has now broken down after 15,600 resistance held.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Down |
14,500 |
14,850 |
15,600 |
Gold (4 hours)
Price extended its breakout from last week to touch the 1900 round number
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Up |
1850 |
1880 |
1925 |
Silver (4 hours)
Price has held 23.0 as support for a third time but is again facing resistance at 24.0.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Up |
23.1 |
24 |
24.6 |
Brent Crude (4 hours)
Price found support again at 90.0 and is testing 95 resistance
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Up |
88 |
90 |
97 |
GBP/USD (4 hours)
Price is back at the top of its 1.35 to 1.364 trading range.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Sideways |
1.35 |
1.357 |
1.364 |
EUR/USD (4 hours)
Price rebounded off 1.13 but has twice failed to move back over 1.14, having failed 3 times at 1.15.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Sideways |
1.115 |
1.138 |
1.15 |
USD/JPY (4 hours)
Price has dropped under 115 support after starting a series of lower highs.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Down |
114.2 |
114.9 |
115.8 |
Australia 200 (4 hours)
Price has stalled at former support turned resistance at 7250 and is testing uptrend support at 7050.
Source: SpreadEx
Trend |
Support |
Pivot |
Resistance |
Up |
6900 |
7050 |
7250 |
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