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 and click ‘Technical’ from the menu on any chart.
WEEK COMMENCING 19TH May 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI (14) |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bullish | Impulsive | 23699 | 23194 | 22205.0 | 24182.0 | 65.3 |
| UK 100 | Bullish | Correction | 8621 | 8559 | 8405 | 8713 | 56.3 |
| Wall Street | Bullish | Impulsive | 42282 | 41364 | 39822.0 | 42907.0 | 60.5 |
| Brent Crude | Neutral | Consolidation | 6468 | 6329 | 5917 | 6740 | 50.5 |
| Gold | Neutral | Consolidation | 3237 | 3276 | 3164 | 3388 | 48.6 |
| EUR/USD | Bullish | Correction | 1.1269 | 1.1270 | 1.1107 | 1.1476 | 53.5 |
| GBP/USD | Bullish | Correction | 1.3383 | 1.3304 | 1.3189 | 1.3410 | 58.8 |
| USD/JPY | Bearish | Correction | 144.82 | 144.80 | 141.62 | 148.02 | 48.3 |
*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 trending bullish and currently in an impulsive phase testing record highs, trading at 23,699, above its VWAP of 23,194, indicating strong upward momentum. The RSI at 65.3 suggests healthy buying interest. Support is at 22,205, with resistance at 24,182.
UK 100
The UK 100 remains in a bullish trend but is currently in a correction phase. Price is 8,621, just above the VWAP at 8,559, showing mild strength. The RSI of 56.3 indicates steady momentum. Support lies at 8,405, and resistance at 8,713.
Wall Street
Wall Street is bullish and impulsive, trading at 42,282, comfortably above the VWAP at 41,364. The RSI is 60.5, supporting a continuation of the upward trend. Support is much lower at 39,822, and resistance is just above at 42,907.
Brent Crude
Brent Crude has entered a neutral consolidation in what could end up as a pause or an end of the prior downtrend, with price at 6,470 and VWAP at 6,329. The RSI at 50.5 reflects a more balanced market. Support is found at 5,917, while resistance is at 6,740.
Gold
Gold has for now ended its bullish trend and entered a consolidation phase, trading at 3,237, slightly below its now down-sloping VWAP of 3,276. RSI at 48.6 shows softening momentum. Support is at 3,164, and resistance is at 3,388.
EUR/USD
EUR/USD is trending bullish and is in a correction phase. Price is at 1.1269, nearly equal to its VWAP of 1.1270 after a lift off the lows. RSI at 53.5 hints at a potential short-term bounce. Support sits at 1.1107, and resistance is at 1.1476.
GBP/USD
GBP/USD is in a correction but back near its recent highs after a move higher within its bullish trend. It trades at 1.3383, above the VWAP of 1.3304. The RSI of 58.8 indicates strengthening buying momentum. Support is at 1.3189, and resistance is at 1.3410.
USD/JPY
USD/JPY is bearish and correcting, with price at 144.82 and VWAP nearly matching at 144.80. RSI at 48.3 suggests neutral momentum. Support is down at 141.62, and resistance is higher at 148.02.
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