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 24th 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 retains its bullish trend and impulsive stance, trading near 22,954 just above the 20‐day VWAP of 22,900. An RSI of 54 suggests neutral momentum, which continues to show bearish divergence. If the index slips, 22,375 could serve as near‐term support, while a decisive break above 23,473 may open further upside.

UK 100

UK 100 has flipped into a neutral/sideways trend, consolidating after the Jan-Feb rally, quoted at 8,659 just below the 20‐day VWAP of 8,681. The RSI at 49 indicates muted momentum. 8,494 marks notable support if selling accelerates; on the upside, a move beyond 8,868 could signal renewed strength.

Wall Street

Wall Street upholds its bearish momentum but a rally of the lows puts it into a correction, currently at 42,310, hovering around the 20‐day VWAP of 42,180. With an RSI of 48, the index isn’t oversold but still faces downside pressure. Key support appears near 40,700, and any rebound may encounter resistance around 43,619.

Brent Crude

Brent Crude continues its bearish trajectory in a corrective phase at 7,210, above the 20‐day VWAP of 7,068 but overshadowed by a broader downtrend. The RSI at 52 signals mild momentum. Sellers are eyeing 6,850 support for another leg lower; any bounce could stall at 7,287.

Gold

Gold remains firmly bullish and impulsive, hovering at 3,030 just off record highs and well above the 20‐day VWAP of 2,956. An RSI reading of 67 points to strong positive momentum. Should a pullback occur, 2,836 could offer support; otherwise, clearing 3,076 might extend the rally.

EUR/USD

EUR/USD holds a bullish and impulsive posture, quoted at 1.0840, holding above the 20‐day VWAP of 1.0720 during a brief consolidation. The RSI at 60 leans constructive, though not overbought. 1.0515 is nearest support, while pushing through 1.1077 opens room for continued gains.

GBP/USD

GBP/USD sustains its bullish tone in an impulsive move, trading around 1.2968—clearing the 20‐day VWAP of 1.2840. With the RSI at 63, upside momentum remains intact but off recent overbought levels. The pair’s support sits at 1.2690, and a break above 1.3091 could spark further advances.

USD/JPY

USD/JPY stays bearish but has entered a correction, printing 149.55 slightly above its 20‐day VWAP of 149.20. The RSI of 50 indicates neutral momentum. A dip below 146.99 may reinforce the downtrend, whereas moving beyond 150.57 would challenge the current bearish bias.