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 4TH AUGUST 2025

Summary


Instrument
Trend
Phase
Price
VWAP
Support
Resistance
RSI

Germany 40
Neutral
Range
23630
24150
23630
24740
43

UK 100
Bullish
Pullback
9102
9059
8906
9212
61

Wall Street
Bullish
Correction
43786
44407
43580
45253
43

Brent Crude
Neutral
Range
6932
6932
6631
7198
50

Gold
Neutral
Range
3357
3357
3280
3416
53

EUR/USD
Bullish
Correction
1.1565
1.1635
1.1435
1.1834
45

GBP/USD
Bearish
Impulsive
1.3275
1.3404
1.3204
1.3604
36

USD/JPY
Neutral
Range
147.95
147.95
145.95
149.88
53

 

*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 is now in a range-bound environment, currently trading at 23,630, below its VWAP of 24,150 and close to StdDev #2 Lower. RSI at 43 reflects weakening momentum. Support lies at 23,630 and resistance is seen at 24,740.

The UK 100 continues its bullish trend, undergoing a small pullback. Price is at 9,102, just above its VWAP at 9059. RSI at 61 indicates steady bullish interest. Support is at 8,906 and resistance is at 9,212.

Wall Street remains bullish but is now in a corrective phase. Price has dropped to 43,786, below its VWAP of 44,407. The RSI of 43 highlights growing downside pressure. Support is at 43,580, and resistance is at 45,253.

Brent Crude continues in a choppy range, albeit with lower volatility, trading at 6,932, right at its VWAP. The RSI at 50 confirms the lack of directional bias. Support sits at 6,631 and resistance at 7,198.

Gold continues to consolidate in a broad triangle pattern - keeping it in a neutral range, with price at 3,357, nearly equal to its VWAP. The RSI at 53 shows a balanced outlook. Support is at 3,280 and resistance at 3,416.

EUR/USD holds a bullish trend but is correcting. The pair trades at 1.1565, slightly below the VWAP of 1.1635. RSI at 45 reflects subdued buying pressure. Support is at 1.1435 and resistance at 1.1834.

GBP/USD has potentially entered a new bearish trend in a quick reversal from the prior uptrend. It trades at 1.3275, below the VWAP of 1.3404. The RSI of 36 signals fresh bearish momentum. Support is at 1.3204 and resistance at 1.3604.

USD/JPY remains neutral and in a range phase but is possibly building a new uptrend with its recent drop back from range resistance. Price is 147.95, aligned with the VWAP. RSI at 53 suggests a balanced tone. Support is near 145.95 and resistance stands at 149.88.

MARKET ANALYSIS

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