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 7th JULY 2025
Summary
| Instrument | Trend | Phase | Price | VWAP | Support | Resistance | RSI |
|---|---|---|---|---|---|---|---|
| Germany 40 | Neutral | Range | 23,851 | 23,582 | 22,985 | 24,179 | 53 |
| UK 100 | Neutral | Range | 8,805 | 8,800 | 8,734 | 8,881 | 53 |
| Wall Street | Bullish | Impulsive | 44,681 | 43,119 | 41,002 | 45,236 | 72 |
| Brent Crude | Neutral | Range | 6,802 | 7,045 | 6,217 | 7,873 | 48 |
| Gold | Neutral | Range | 3,310 | 3,347 | 3,262 | 3,432 | 46 |
| EUR/USD | Bullish | Impulsive | 1.1748 | 1.1646 | 1.1402 | 1.8897 | 65 |
| GBP/USD | Bullish | Pullback | 1.3606 | 1.3600 | 1.3373 | 1.3818 | 51 |
| USD/JPY | Neutral | Range | 145.06 | 145.06 | 143.28 | 146.34 | 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
Germany 40 is currently in a neutral trend, moving within a range phase. It's trading at 23,851, holding above its VWAP of 23,582, suggesting limited directional conviction. The RSI at 53 indicates a balanced market. Support is at 22,985, while resistance is at 24,179.
UK 100
The UK 100 remains in a neutral trend and range phase, hovering around its VWAP at 8,800, with price at 8,805. This shows a lack of strong momentum. The RSI at 53 confirms indecision. Support lies at 8,734, while resistance is at 8,881.
Wall Street
Wall Street continues its bullish trend and is in an extended impulsive phase, trading at 44,681, significantly above its VWAP of 43,119. This highlights ongoing upside strength. The RSI at 72 suggests the market has entered overbought conditions. Support is seen at 41,002, with resistance at 45,236.
Brent Crude
Brent Crude is in a neutral trend and range phase, trading at 6,802, still below the VWAP of 7,045 following the steep correction. This implies modest weakness. The RSI at 48 supports the lack of strong momentum. Support is at 6,217, while resistance is at 7,873.
Gold
Gold remains in a neutral range-bound trend underneath record highs, currently priced at 3,310, just under its VWAP of 3,347. The RSI at 46 signals a lack of directional conviction. Support is at 3,262, with resistance at 3,432.
EUR/USD
EUR/USD is bullish and in an impulsive phase, with price at 1.1748, well above its VWAP of 1.1646 and at a multi-year high. The RSI at 65 after reaching overbought conditions is a warning sign. Support is at 1.1402, with resistance extending to 1.8897.
GBP/USD
GBP/USD holds a bullish trend and is in a pullback phase after hitting a multi-year high, trading at 1.3606, right in line with its VWAP. RSI at 51 indicates neutral momentum with signs of bearish divergence from price. Support is seen at 1.3373, with resistance at 1.3818.
USD/JPY
USD/JPY is in a neutral trend and range phase, trading at 145.06, matching its VWAP level. This equilibrium reflects indecision. The RSI at 53 aligns with a directionless market. Support sits at 143.28, with resistance at 146.34.
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