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 28TH APRIL 2025
Summary
| Instrument | Trend | Phase | Price | VWAP (20) | Support | Resistance | RSI (14) |
|---|---|---|---|---|---|---|---|
| Germany 40 | Neutral | Consolidation | 22,316 | 20,896 | 19.173 | 22,620 | 58.1 |
| UK 100 | Bearish | Correction | 8,436 | 8,020 | 7,539 | 8,500 | 54.7 |
| Wall Street | Bearish | Correction | 40,024 | 39,700 | 36,536 | 40,865 | 49.1 |
| Brent Crude | Bearish | Correction | 6,599 | 6,506 | 6,224 | 6,788 | 45.9 |
| Gold | Bullish | Correction | 3,283 | 3,224 | 2,949 | 3,499 | 56.8 |
| EUR/USD | Bullish | Impulsive | 1.1344 | 1.1259 | 1.0883 | 1.1635 | 60.4 |
| GBP/USD | Bullish | Impulsive | 1.3308 | 1.3131 | 1.2711 | 1.3351 | 63.5 |
| USD/JPY | Bearish | Correction | 143.66 | 143.70 | 139.97 | 147.59 | 44.8 |
*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 is in a neutral trend, currently consolidating at 22,316. It trades above its 20-day VWAP of 20,896. The RSI reads 58.1, suggesting mild upward pressure within the range. Support is located at 19,173, while resistance stands at 22,620.
UK 100
The UK 100 remains in a bearish trend, currently in a correction phase. It trades at 8,436, above its VWAP of 8,020. An RSI of 54.7 signals stabilising momentum. Support is found at 7,539, with resistance overhead at 8,500.
Wall Street
Wall Street is following a bearish trend and is undergoing a correction. It trades at 40,024, above its VWAP of 39,700. The RSI stands at 49.1, indicating neutral momentum. Support is set at 36,536, while resistance is at 40,865.
Brent Crude
Brent Crude is trending bearish and is in a correction phase. It trades at 6,599, slightly above its VWAP of 6,506. The RSI at 45.9 reflects weak momentum. Support is positioned at 6,224, while resistance is at 6,788.
Gold
Gold remains in a bullish trend but is correcting. It trades at 3,283, just above its VWAP of 3,224. The RSI has moderated to 56.8, suggesting easing momentum. Support is found at 2,949, with resistance at 3,499.
EUR/USD
EUR/USD is in a bullish trend and remains in an impulsive phase. It trades at 1.1344, above the VWAP of 1.1259. The RSI reading of 60.4 indicates solid momentum. Support lies at 1.0883, while resistance stands at 1.1635.
GBP/USD
GBP/USD continues in a bullish trend and is in an impulsive phase. It trades at 1.3308, above the VWAP of 1.3131. An RSI of 63.5 points to strong momentum. Support is found at 1.2711, with resistance nearby at 1.3351.
USD/JPY
USD/JPY remains in a bearish trend and is currently in a correction phase. It trades at 143.66, aligned with its VWAP of 143.70. The RSI stands at 44.8, suggesting momentum remains soft. Support is identified at 139.97, while resistance is at 147.59.
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