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 19TH JANUARY 2026
Summary
Instrument |
Trend |
Phase |
Price |
VWAP |
Support |
Resistance |
RSI |
|---|---|---|---|---|---|---|---|
Wall Street |
Bullish |
Correction |
48899 |
49029 |
48047 |
50012 |
51.2 |
UK 100 |
Bullish |
Impulsive |
10179 |
10078 |
9837 |
10319 |
66.1 |
Germany 40 |
Bullish |
Correction |
24942 |
25018 |
24273 |
25720 |
54.0 |
GBP/USD |
Neutral |
Range |
1.3404 |
1.3449 |
1.3361 |
1.3535 |
47.8 |
EUR/USD |
Bearish |
Correction |
1.1622 |
1.6844 |
1.1571 |
1.1798 |
39.4 |
USD/JPY |
Bullish |
Pullback |
158.03 |
157.28 |
155.51 |
159.05 |
57.3 |
Gold |
Bullish |
Impulsive |
4667 |
4491 |
4253 |
4728 |
72.9 |
Brent Crude |
Bullish |
Correction |
6328 |
6218 |
5903 |
6532 |
54.8 |
*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
Germany 40 remains in a bullish trend and is currently undergoing a correction phase, trading at 24,942, slightly below its VWAP of 25,018. The RSI at 54.0 indicates mild bullish momentum. Support is at 24,273, with resistance at 25,720.
UK 100 continues in a bullish trend and is in a strong impulsive phase. Price is at 10,179, above its VWAP of 10,078, showing firm strength. The RSI at 66.1 suggests continued bullish momentum. Support is at 9,837, and resistance is at 10,319.
Wall Street is experiencing a correction within its bullish trend, trading at 48,899, slightly below its VWAP of 49,029. The RSI of 51.2 indicates balanced momentum. Support lies at 48,047, with resistance at 50,012.
Brent Crude is showing fresh bullish momentum but has yet to definitively break the longer-term downtrend. It is trading at 6,328 above its VWAP of 6,218. The RSI at 54.8 shows steady upside interest. Support is at 5,903, while resistance is at 6,532.
Gold remains in a bullish impulsive phase, trading at 4,667 near a record high and above its VWAP of 4,491. The RSI at 72.9 signals strong momentum and an overbought market. Support sits at 4,253, and resistance is at 4,728.
EUR/USD has turned bearish in the short term but remains in a broader range, trading at 1.1622, well below its VWAP of 1.6844. The RSI at 39.4 shows subdued market interest. Support is at 1.1571, and resistance is at 1.1798.
GBP/USD has slipped into a bearish minor trend within the broader range, currently at 1.3404, just under the VWAP of 1.3449. The RSI of 47.8 reflects neutral to slightly bearish sentiment. Support is at 1.3361, with resistance at 1.3535.
USD/JPY remains bullish and in a pullback that is testing prior highs as support, trading at 158.03, above the VWAP of 157.28. The RSI at 57.3 supports ongoing upward pressure. Support is at 155.51, and resistance is at 159.05.
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