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 23RD JUNE 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI |
|---|---|---|---|---|---|---|---|
| Germany 40 | Bearish | Impulsive | 23222 | 23732 | 22867 | 24597 | 39 |
| UK 100 | Bullish | Correction | 8778 | 8831 | 8750 | 8904 | 50 |
| Wall Street | Bullish | Correction | 42249 | 42460 | 41857 | 43062 | 51 |
| Brent Crude | Bullish | Impulsive | 7633 | 7015 | 6016 | 8015 | 66 |
| Gold | Bullish | Correction | 3364 | 3360 | 3289 | 3438 | 52 |
| EUR/USD | Bullish | Correction | 1.1475 | 1.1450 | 1.1338 | 1.1592 | 54 |
| GBP/USD | Bullish | Correction | 1.3390 | 1.3512 | 1.3380 | 1.3639 | 42 |
| USD/JPY | Bullish | Impulsive | 147.86 | 144.52 | 142.04 | 147.01 | 67 |
*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 has turned bearish and is now in an impulsive move lower. It is trading at 23,222, notably below its VWAP of 23,732. The RSI at 39 signals weak momentum. Support is seen at 22,867, with resistance higher at 24,597.
UK 100
The UK 100 remains in a bullish trend but has shifted into a correction phase. The index trades at 8,778, slightly below its VWAP of 8,831. The RSI is at 50, showing a balanced momentum. Support lies at 8,750, with resistance at 8,904.
Wall Street
Wall Street continues in its bullish trend but is undergoing a correction. It is trading at 42,249, just under the VWAP at 42,460. The RSI at 51 suggests a neutral outlook. Support is at 41,857, and resistance stands at 43,062.
Brent Crude
Brent Crude is in a very strong bullish impulsive phase, trading at 7,633 above its VWAP of 7,015. The RSI at 66 indicates strong upward momentum. Support is at 6,016, while resistance is found at 8,015.
Gold
Gold remains bullish but is now in a correction/sideways phase. It trades at 3,364, very close to its VWAP of 3,360. The RSI at 52 implies a neutral to slightly bullish sentiment. Support is at 3,289, with resistance at 3,438.
EUR/USD
EUR/USD continues in a bullish correction phase, with the pair trading at 1.1475 - down from the recent 3yr high - and its VWAP close at 1.1450. RSI is steady at 54, suggesting moderate buying interest. Support is at 1.1338, and resistance is at 1.1592.
GBP/USD
GBP/USD is still bullish but in a correction phase, currently trading at 1.3390, just below the VWAP at 1.3512. RSI at 42 points to weakening momentum. Support is at 1.3380, with resistance at 1.3639.
USD/JPY
USD/JPY has broken out above a triangle pattern into a bullish impulsive run, trading at 147.86, well above its VWAP of 144.52. RSI at 67 confirms strong buying pressure. Support is at 142.04, and resistance is at 147.01.
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