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 SpreadEx Financials Account and click ‘Technical’ from the menu on any chart.
WEEK COMMENCING 12TH JANUARY 2026
Summary
Instrument |
Trend |
Phase |
Price |
VWAP |
Support |
Resistance |
RSI |
|---|---|---|---|---|---|---|---|
Wall Street |
Bullish |
Pullback |
49,148 |
48,770 |
47,844 |
49,697 |
58.9 |
UK 100 |
Bullish |
Impulsive |
10,116 |
9,990 |
9,791 |
10,189 |
69.3 |
Germany 40 |
Bullish |
Impulsive |
25,322 |
24,766 |
24,021 |
25,511 |
80.6 |
GBP/USD |
Neutral |
Range |
1.3461 |
1.3470 |
1.3384 |
1.3549 |
54.4 |
EUR/USD |
Neutral |
Range |
1.1681 |
1.1726 |
1.1623 |
1.1828 |
46.7 |
USD/JPY |
Bullish |
Correction |
157.92 |
156.76 |
155.49 |
158.0 |
63.8 |
Gold |
Bullish |
Breakout |
4,592 |
4,440 |
4,272 |
4,407 |
70.6 |
Brent Crude |
Bearish |
Correction |
6,331 |
6,275 |
5,915 |
6,331 |
53.9 |
*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 is undergoing a correction in its bullish trend, trading at 49,148, still above its VWAP at 48,770 and holding its triangle breakout. The RSI suggests a market with moderate momentum.
UK 100 continues in a bullish trend within a strong impulsive phase, trading above the VWAP and above the broken triangle pattern. The RSI at 69.3 shows potential bearish divergence.
Germany 40 had made a major breakout of its 8-month price range into a new impulsive phase, trading at 25,332, well above the VWAP and the 25K round number. The RSI at 80.0 indicates strong momentum and overbought conditions.
GBP/USD remains in a neutral range, trading at 1.3464, with recent rally faltering and price back under the VWAP. The RSI indicates weaker, more balanced momentum.
EUR/USD is in a narrowing neutral trend, trading at 1.1681, below the VWAP. The RSI at 46.0 reflects a recovery but still subdued interest.
USD/JPY is attempting a bullish breakout of a rectangle pattern in order to extend its prior uptrend, trading at 157.92 above the VWAP. The RSI at 66.8 suggests rising momentum but without confirming a new uptrend.
Gold remains bullish, having just unwound its last pullback with a break to a new record high, currently trading at 4,592 - comfortably above the VWAP. The RSI at 70.0 is entering overbought territory but still much lower momentum than seen at the prior peak.
Brent Crude is still trending lower but has broken above a downtrend line, trading at 6,275 and now above its VWAP - suggesting a potential long term bottom around the 60.0 round number. The RSI is at its highest reading since September ‘25.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
