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 2ND JUNE 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bullish | Impulsive | 23837 | 23836 | 23421 | 24275 | 55.6 |
| UK 100 | Bullish | Impulsive | 8764 | 8691 | 8538 | 8845 | 59.1 |
| Wall Street | Bullish | Correction | 42009 | 42150 | 41492 | 42813 | 53.0 |
| Brent Crude | Neutral | Consolidation | 6480 | 6450 | 6277 | 6605 | 52.7 |
| Gold | Neutral | Consolidation | 3347 | 3347 | 3176 | 3379 | 56.6 |
| EUR/USD | Bullish | Correction | 1.1431 | 1.1431 | 1.1092 | 1.1460 | 61.7 |
| GBP/USD | Bullish | Impulsive | 1.3543 | 1.3399 | 1.3173 | 1.3625 | 63.1 |
| USD/JPY | Bearish | Correction | 142.92 | 144.72 | 141.59 | 147.86 | 42.4 |
*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 (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 remains in a bullish trend and is currently in an impulsive phase that has slowed and could turn into a correction, trading at 23,837.4, right around its VWAP of 23,836.7. The RSI at 55.6 indicates more subdued buying interest. Support is at 23,421, with resistance at 24,275.
UK 100
The UK 100 continues in a bullish trend and is in a late-stage impulsive phase. Price is at 8,764.5, above its VWAP of 8,691, showing mild underlying strength. The RSI at 59.1 supports steady momentum. Support sits at 8,538, with resistance at 8,845.
Wall Street
Wall Street is undergoing a correction of its bullish trend, trading at 42,009, just below the VWAP at 42,150. The RSI of 53.0 suggests a balanced market, with potential for either continued upside or a deeper pullback. Support is at 41,492, while resistance is at 42,813.
Brent Crude
Brent Crude is in a neutral consolidation phase, trading at 6,480 narrowly above its VWAP but testing an upper autotrend line before a possible break higher. The RSI at 52.7 shows a balanced market outlook. Support is at 6,277, and resistance is at 6,605.
Gold
Gold is attempting an upside breakout above the autotrend line, following a consolidation phase, currently at 3,347.8 above its VWAP of 3,278. The RSI of 56.6 suggests a slight upside bias. Support is at 3,176, with resistance at 3,379.
EUR/USD
EUR/USD is bullish and possibly readying a bullish breakout after a correction phase. Price is at 1.14314, well above its VWAP of 1.1277. The RSI at 61.7 hints at renewed buying interest. Support is at 1.10926, with resistance at 1.1460.
GBP/USD
GBP/USD is in a bullish impulsive phase probing the 3-year high set last week, trading at 1.3543, comfortably above the VWAP of 1.3399. The RSI at 63.1 signals strengthening momentum. Support is at 1.31731, and resistance is at 1.36255.
USD/JPY
USD/JPY remains in a correction of its bearish trend, with price at 142.92 just above major support near 142.50 and below its VWAP at 144.72. The RSI at 42.4 suggests a neutral to bearish market. Support is at 141.59, with resistance at 147.86.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.machibet777-app.com.
