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 30TH 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

Wall Street remains under pressure, continuing to trade below the VWAP as the bearish trend persists. The RSI is holding in oversold-adjacent territory, suggesting sellers remain in control, though the pace of decline has moderated slightly. A reclaim of the VWAP is needed to shift the near-term bias.

Germany 40

The Germany 40 continues to trade well below the VWAP as bearish momentum persists following the sharp sell-off of recent weeks. The RSI remains depressed but has recovered from its most extreme readings. The index remains in an impulsive mode, with the VWAP and downtrend line acting as the first meaningful resistance overhead.

UK 100

The UK 100 has pulled back sharply from its all-time highs and is trading below the VWAP, though it is showing tentative signs of stabilisation after the recent steep decline. The RSI has recovered from its most oversold levels and is now in moderate territory, suggesting selling pressure may be easing. The index remains in an impulsive phase until a sustained move back above the VWAP.

GBP/USD

GBP/USD has been trading in a 200-pip range for most of March, now trading below a flat VWAP. The RSI has softened to 40 after touching 50, reflecting the modest but steady bearish pressure. The long-term range remains intact, and the pair will need to take out the high or lows of the range to start a new trend.

EUR/USD

EUR/USD is back below the VWAP after a strong bounce off long term support ~1.14 with the bearish trend persisting. The RSI is hovering around the mid-40s, reflecting a neutral-to-bearish bias rather than extreme pessimism. A move back above 1.16 would be required to shift the near-term outlook, while a break below the recent swing low at 1.14 would reinforce the downtrend.

USD/JPY

USD/JPY continues to trade near its highs but volatility has compressed around 160 and it is only just above the VWAP. The RSI remains comfortably above the midpoint, suggesting healthy momentum. A decisive break and hold above 160 would be a significant technical development, while a fakeout would open a return to 2026 lows.

Gold

Gold remains well below the VWAP, though selling pressure has eased after a long pin-bar ~4100. The RSI has recovered only slightly from oversold territory, suggesting the lows might still not be in. However, bulls will need to reclaim the VWAP to signal a genuine recovery is underway rather than just a temporary pause in the downtrend.

Brent Crude

Brent Crude is sitting inside a volatile triangle pattern as it continues to trade above the VWAP, maintaining the broader bullish structure. The RSI has eased from overbought levels into more neutral territory, consistent with a healthy consolidation after the explosive move higher. The uptrend means a breakout is higher probability but a breakdown through the triangle support and VWAO could signal a double top.