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 |
Neutral |
16638 |
16446 |
16811 |
51 |
|
UK 100 |
Bearish |
7609.2 |
7412.5 |
7805.9 |
35 |
|
Wall Street |
Bullish |
37523 |
37168 |
37896 |
65 |
|
Brent Crude |
Neutral |
77.84 |
76.21 |
79.47 |
48 |
|
Gold |
Bearish |
2040 |
2011 |
2069 |
45 |
|
EUR/USD |
Bearish |
1.089 |
1.085 |
1.103 |
44 |
|
GBP/USD |
Neutral |
1.2706 |
1.2631 |
1.2786 |
51 |
|
USD/JPY |
Bullish |
145.07 |
140.54 |
149.61 |
68 |
Germany 40 is displaying a neutral trend with price movements around the 20-period VWAP of 16,638. The index is supported at 16,446, with resistance at 16,811. The RSI is at 51, suggesting a balanced market dynamic.
UK 100 has entered a bearish trend, as indicated by the price slumping down 2 standard deviations from the VWAP of 7,609.2. The support level has dropped to 7,412.5, and resistance is at 7,805.9. The RSI has fallen to 35, indicating potential for further declines.
Wall Street shows a bullish trend with the price pushing 2 standard deviations above the 20-period VWAP of 37,523, seemingly breaking out from the recent consolidation. Support is found at 37,168, while resistance sits at 37,896. The RSI is elevated at 65, pointing to a strong bullish momentum.
Brent Crude Oil remains neutral, with prices drifting back and forth around the 20-period VWAP of 77.84. The commodity has formed support at 76.21 and faces resistance at 79.47. The RSI is neutral at 48.
Gold has shifted to a bearish trend, with the current price 2 standard deviations from the 20-period VWAP of 2,040. It has support at 2,011 and resistance at 2,069. The RSI has decreased to 45, indicating bearish momentum.
EUR/USD is now in a bearish trend, with prices having fallen 2 standard deviations below the 20-period VWAP of 1.089. Support and resistance are at 1.085 and 1.103, respectively. The RSI is at 44, which offers little in the way of signalling power with regards to momentum.
GBP/USD shows a neutral trend, oscillating around the 20-period VWAP of 1.2706. The pair has bounced several times from support at around 1.2631 and resistance at 1.2786. The RSI is at 51, indicating a balanced market condition.
USD/JPY is bullish, with the price hugging the upper 2 standard deviation band above the 20-period VWAP of 145.07. Support is established at 140.54, and resistance is at 149.61. The RSI is high at 68, suggesting strong bullish momentum.
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