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 29th SEPTEMBER 2025

Summary


Instrument
Trend
Phase
Price
VWAP
Support
Resistance
RSI

Germany 40
Neutral
Range
23840
23629
23400
23900
53.2

UK 100
Bullish
Correction
9317
9245
9157
9333
61.4

Wall Street
Bullish
Impulsive
46380
45984
45005
46590
63.0

Brent Crude
Neutral
Range
6886
6719
6515
6939
59.1

Gold
Bullish
Impulsive
3806
3613
3467
3734
79.1

EUR/USD
Neutral
Range
1.1726
1.1750
1.1624
1.1832
49.9

GBP/USD
Neutral
Range
1.3437
1.3514
1.3393
1.3673
45.5

USD/JPY
Neutral
Range
147.93
147.93
146.51
149.72
56.4

 

*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.
- Price at the time of writing.
- Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
- RSI level (70 is overbought and under 30 is oversold).

Analysis

Germany 40 remains in a sideways trend, trading at 23,840, just above its VWAP of 23,629 after rebounding off range support. The RSI at 53.2 suggests mild upward momentum. Support is at 23,396, with resistance at 24,000.

The UK 100 continues in a bullish trend and is currently in a correction (triangle) phase. It is trading at 9,317, above its VWAP of 9,245. The RSI of 61.4 indicates steady buying interest. Support is at 9,172, and resistance is at 9,333.

Wall Street remains in a bullish impulsive phase, trading near record highs at 46,380, above its VWAP of 45,984. The RSI at 63.0 supports strong bullish sentiment albeit not overbought. Support sits at 45,379, with resistance at 46,590.

Brent Crude is in the same choppy range-bound conditions with reduced volatility from weeks prior, trading at 6,886, above its VWAP of 6,719. The RSI of 59.1 suggests moderate strength. Support is found at 6,500, and resistance is at 6,939.

Gold is maintaining its epic bullish impulsive phase, trading above the 3800 handle for the first time at 3,806, well above its VWAP of 3,613. The RSI at 79.1 indicates extreme overbought levels. Support is at 3,492, and resistance is at 3,734.

EUR/USD has dropped back into its range after a failed breakout. It is trading at 1.1726, slightly below its VWAP of 1.1750. RSI at 49.9 indicates a neutral stance. Support is at 1.1638, with resistance at 1.1832.

GBP/USD remains in a neutral trend within a range phase, currently at 1.3437, below its VWAP of 1.3514. The RSI of 45.5 shows slightly bearish momentum. Support and price are aligned at 1.3357, with resistance at 1.3673.

USD/JPY is in a neutral trend and remains range-bound, pulling back from the 150 round figure, trading at 148.85, just above its VWAP of 147.93. The RSI at 56.4 shows slightly bullish momentum. Support lies at 146.14, while resistance is at 149.72.

 

MARKET ANALYSIS

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