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 3RD novemBER 2025
Summary
Instrument |
Trend |
Phase |
Price |
VWAP |
Support |
Resistance |
RSI |
|---|---|---|---|---|---|---|---|
Germany 40 |
Neutral |
Range |
24159 |
24150 |
23878 |
24427 |
50.3 |
UK 100 |
Bullish |
Impulsive |
9732 |
9532 |
9234 |
9829 |
69.3 |
Wall Street |
Bullish |
Impulsive |
47643 |
46711 |
45359 |
48063 |
68.0 |
Brent Crude |
Bearish |
Correction |
6461 |
6333 |
6000 |
6667 |
51.5 |
Gold |
Bullish |
Correction |
4002 |
4104 |
3861 |
4104 |
49.1 |
EUR/USD |
Neutral |
Range |
1.1515 |
1.1614 |
1.1500 |
1.1705 |
33.1 |
GBP/USD |
Neutral |
Range |
1.3127 |
1.3309 |
1.3106 |
1.3513 |
30.4 |
USD/JPY |
Bullish |
Impulsive |
154.13 |
152.19 |
149.74 |
154.64 |
66.3 |
*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.
- Price at the time of writing.
- Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
- RSI level (70 is overbought and under 30 is oversold).
Analysis
Germany 40
Germany 40 is still stuck in a neutral range phase. Price is at 24,159, close to the VWAP of 24,150. The RSI at 50.3 suggests a totally neutral bias. Support is at 23,878, and resistance is at 24,427.
UK 100
The UK 100 continues in a strong bullish impulsive trend, trading at 9,732 above its VWAP of 9,532. Momentum remains strong with an RSI of 69.3, nearing overbought territory. Support is seen at 9,234 and resistance at 9,829.
Wall Street
Wall Street maintains its bullish trend and is still in an impulsive phase, trading at 47,643 and comfortably above the VWAP of 46,711. The RSI at 68.0 reflects strong upside pressure. Support lies at 45,359, with resistance at 48,063.
Brent Crude
Brent Crude is still bearish overall, though it has entered a correction phase- and could be staging a trend reversal. Price is at 6,461, hovering above the VWAP of 6,333. RSI at 51.5 indicates a neutral stance. Support is found at 6,000, while resistance caps at 6,667.
Gold
Gold’s bullish trend has paused into a correction, now trading at 4,002, still below the VWAP of 4,104. The RSI of 49.1 reflects a cooling momentum. Support is at 3,861, with resistance at 4,104.
EUR/USD
EUR/USD has broken down into a 3-month low but remains in an overall neutral trend, trading at 1.1515 and under its VWAP of 1.1614. The RSI at 33.1 hints at building downside momentum. Support is found at 1.1500, with resistance at 1.1710.
GBP/USD
GBP/USD has weakened to test the bottom of its multi-month range setting up possible breakdown into a new bearish trend, currently at 1.3127 and beneath the VWAP of 1.3309. The RSI at 30.4 signals oversold conditions. Support is at 1.3106, with resistance at 1.3513.
USD/JPY
USD/JPY continues its bullish impulsive trend, now trading at 154.13, above the VWAP of 152.19. The RSI at 66.3 shows strong upward pressure. Support lies at 149.74, with resistance at 154.64.
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