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 16TH JUNE 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bullish | Correction | 23,6155 | 23,997 | 23,448 | 24,546 | 45.9 |
| UK 100 | Bullish | Impulsive | 8,893 | 8,815 | 8,730 | 8,900 | 65.2 |
| Wall Street | Bullish | Correction | 42,333 | 42,350 | 41,830 | 43,064 | 51.5 |
| Brent Crude | Bullish | Impulsive | 7,299 | 6,666 | 5,934 | 7,399 | 68.7 |
| Gold | Bullish | Breakout | 3,416 | 3,347 | 3,254 | 3,440 | 59.8 |
| EUR/USD | Bullish | Consolidation | 1.1578 | 1.1420 | 1.1254 | 1.1579 | 65.5 |
| GBP/USD | Bullish | Impulsive | 1.3581 | 1.3530 | 1.3448 | 1.3610 | 59.2 |
| USD/JPY | Bearish | Correction | 144.09 | 144.00 | 142.41 | 145.44 | 49.3 |
*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 remains in a bullish trend but is currently in a correction phase. It is trading at 23,615, below its VWAP of 23,997, which suggests a potential loss of momentum. RSI at 45.9 reinforces the subdued tone. Support is at 23,448 and resistance is at 24,546.
UK 100
UK 100 continues in a bullish trend and is firmly in an impulsive phase - pushing into record highs. Price is at 8,893, slightly above the VWAP of 8,815, showing continued strength. The RSI at 65.2 supports bullish momentum. Support lies at 8,730, while resistance has edged up to 8,900.
Wall Street
Wall Street maintains a bullish trend but is experiencing a corrective phase. It is priced at 42,333, just below the VWAP of 42,350. RSI at 51.5 indicates a balanced market sentiment. Support remains at 41,830 and resistance is at 43,064.
Brent Crude
Brent Crude is in a bullish trend with a big impulsive phase underway. It's trading at 7,299, well above the VWAP of 6,666, suggesting very strong upward momentum. The RSI of 68.7 further supports this view. Support is at 5,934 and resistance is at 7,399.
Gold
Gold has entered a possible bullish breakout, moving above the prior sideways range. Trading at 3,416, it is comfortably above the VWAP of 3,347. RSI at 59.8 points to positive momentum. Support is seen at 3,254, with resistance at 3,440.
EUR/USD
EUR/USD is consolidating within a bullish trend. The price at 1.1578 is well above the VWAP of 1.1420, showing underlying strength. The RSI at 65.5 suggests sustained buying interest. Support is at 1.1254, and resistance remains at 1.1579.
GBP/USD
GBP/USD continues its bullish trend in an impulsive phase. Price is at 1.3581, just above the VWAP of 1.3530. RSI at 59.2 indicates stable bullish momentum. Support is at 1.3448, with resistance at 1.3610.
USD/JPY
USD/JPY remains in a corrective phase of its bearish trend. It trades at 144.09, nearly matching the VWAP of 144.00. RSI at 49.3 shows neutral sentiment. Support is at 142.41, and resistance stands at 145.44.
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