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 SpreadEx Financials Account and click ‘Technical’ from the menu on any chart.

WEEK COMMENCING 9TH march 2026

Summary

*KEY*

• Price and 20-day VWAP at the time of writing.
• RSI level (70 is overbought and under 30 is oversold).
• Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
• 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.

Analysis

Wall Street has deepened its correction, now trading well below its VWAP as selling pressure accelerates. The trend has turned bearish, with RSI approaching oversold territory and price breaking through key support levels near the lower volatility band.

Germany 40 has broken sharply lower in an impulsive bearish move, falling well beneath its VWAP as momentum collapses. RSI has plunged into oversold territory, reflecting the severity of the selloff, with the index now testing multi-month lows near the lower standard deviation band.

UK 100 has reversed sharply from recent highs and entered a deep correction, likely a new bearish trend, now trading below the VWAP after breaking a key ascending trendline. Momentum has deteriorated significantly, with RSI retreating toward oversold levels as the index gives back a substantial portion of its prior advance.

GBP/USD continues in its bearish impulsive phase, accelerating lower after breaking beneath a prior consolidation zone. Price is trading significantly below the VWAP, with RSI in oversold territory reinforcing sustained downside pressure as the pair tests critical support around the lower volatility band.

EUR/USD has shifted into a bearish impulsive phase following a sharp rejection from its February highs, with price now trading aggressively below the VWAP. Momentum is deeply negative with RSI near oversold levels, as the pair cuts through successive support zones in an accelerating downtrend.

USD/JPY has shifted into a more bullish setup, but still within its sideways range with breaking back above the VWAP but below YTD highs. Momentum is strengthening, with RSI pushing higher as the pair recovers from its February lows and approaches key resistance near the upper standard deviation band.

Gold remains in a broader bullish trend but has entered a range-bound phase, consolidating near the VWAP following its sharp early-year rally. Momentum has cooled to neutral with RSI near the midpoint, as the metal digests gains and awaits a fresh catalyst to determine the next directional move.

Brent Crude has surged in a powerful impulsive bullish breakout, trading well above its VWAP with RSI in extreme overbought territory. The weekly chart confirms the move is a significant structural breakout, though the degree of extension from the mean suggests elevated risk of a sharp mean-reversion pullback in the near term.

Weekly