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 12TH May 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI (14) |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bullish | Impulsive | 23741 | 22652 | 21025 | 24280 | 70.0 |
| UK 100 | Bullish | Impulsive | 8580.8 | 8492 | 8259 | 8724 | 57.7 |
| Wall Street | Bullish | Impulsive | 42145.6 | 39404 | 37468 | 41340 | 63.3 |
| Brent Crude | Bullish | Impulsive | 6549.7 | 6362 | 5892 | 6833 | 53.9 |
| Gold | Bullish | Correction | 3218.4 | 3317 | 3200 | 3426 | 45.5 |
| EUR/USD | Bearish | Impulsive | 1.1110 | 1.1337 | 1.1167 | 1.1510 | 39.8 |
| GBP/USD | Bullish | Correction | 1.3184 | 1.3311 | 1.3200 | 1.3426 | 46.8 |
| USD/JPY | Bullish | Impulsive | 148.19 | 143.66 | 140.22 | 147.10 | 63.1 |
*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, trading at 23,741. It’s comfortably above its VWAP of 22,652, highlighting strong upside pressure. RSI at 70.0 suggests the move may be getting stretched. Support sits at 21,025, with resistance at 24,280.
UK 100
The UK 100 remains in a bullish trend and impulsive phase, with price at 8,580.8 and a VWAP of 8,492. Momentum is stable with RSI at 57.7. Support is noted at 8,259, while resistance is up at 8,724.
Wall Street
Wall Street is now bullish and impulsive, trading at 42,145.6 and well above its VWAP of 39,404. With RSI at 63.3 and price above resistance at 41,340, sentiment remains positive. Initial support is lower at 37,468.
Brent Crude
Brent Crude is in a bullish trend and impulsive phase, trading at 6,549.7 above its VWAP of 6,362. RSI at 53.9 reflects moderate buying strength but importantly back over the 50 level. Support lies at 5,892, while resistance is overhead at 6,833.
Gold
Gold has entered a correction phase within a broader bullish trend and could be about to see a bearish trend reversal. It trades at 3,218.4, now below its VWAP of 3,317. RSI at 45.5 confirms fading momentum. Support is seen at 3,200 and resistance at 3,426.
EUR/USD
EUR/USD is now starting to trend bearish and in an impulsive move lower, trading at 1.1110, below the VWAP of 1.1337. RSI at 39.8 points to negative momentum. Support is at 1.1167, with resistance higher at 1.1510.
GBP/USD
GBP/USD is correcting within what is still an overall bullish trend, trading at 1.3184 under its VWAP of 1.3311. RSI at 46.8 reflects fading strength. Support is at 1.3200, and resistance is seen at 1.3426.
USD/JPY
USD/JPY has broken back into a bullish trend and impulsive phase, trading at 148.19, well above its VWAP of 143.66. RSI at 63.1 (its highest since Jan) confirms the strong upside momentum. Support is located at 140.22, while resistance is at 147.10.
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