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 5TH JANUARY 2026
Summary
Instrument |
Trend |
Phase |
Price |
VWAP |
Support |
Resistance |
RSI |
|---|---|---|---|---|---|---|---|
Germany 40 |
Bullish |
Breakout |
24,706 |
24,265 |
23,886 |
24,643 |
68.9 |
UK 100 |
Bullish |
Breakout |
9,960 |
9,794 |
9,608 |
9,980 |
64.3 |
Wall Street |
Bullish |
Correction |
48,385 |
48,262 |
47,746 |
48,777 |
54.9 |
Brent Crude |
Bearish |
Correction |
6,060 |
6,100 |
5,925 |
6,236 |
44.5 |
Gold |
Bullish |
Pullback |
4,435 |
4,388 |
4,226 |
4,550 |
60.3 |
EUR/USD |
Neutral |
Range |
1.1685 |
1.1745 |
1.1680 |
1.1807 |
42.3 |
GBP/USD |
Bullish |
Correction |
1.3455 |
1.3450 |
1.3339 |
1.3549 |
57.2 |
USD/JPY |
Bullish |
Impulsive |
156.73 |
156.28 |
154.75 |
157.82 |
55.2 |
*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 is in a bullish trend and has just confirmed a breakout, trading at 24,706, significantly above the VWAP of 24,265. The RSI at 68.9 reflects strong bullish momentum. Support is now seen at 23,886, with the breakout level at 24,643 acting as a new reference.
The UK 100 maintains its bullish trend and is breaking out from previous highs, currently trading at 9,960 above the VWAP of 9,794. RSI at 64.3 supports the upward momentum. Support is at 9,608 and resistance lies just ahead at 9,980.
Wall Street remains in a bullish trend but is undergoing a correction phase. Trading at 48,385, it is slightly above the VWAP of 48,262. RSI at 54.9 suggests sideways momentum with support at 47,746 and resistance at 48,777.
Brent Crude is in a bearish correction, with price at 6,060, slightly below the VWAP of 6,100. The RSI at 44.5 indicates weakening pressure. Support is found at 5,925, while resistance remains at 6,236.
Gold is in a bullish trend but currently pulling back. It is trading at 4,435, slightly above the VWAP of 4,388. RSI at 60.3 suggests bullish undercurrents. Support is at 4,226 and resistance stands at 4,550.
EUR/USD is neutral and trading within a range. Currently priced at 1.1685 and below the VWAP of 1.1745, it faces immediate support at 1.1680 and resistance at 1.1807. RSI at 42.3 indicates weakening momentum.
GBP/USD remains in a bullish trend but is in a corrective phase, trading at 1.3455 in line with its VWAP of 1.3450. RSI at 57.2 signals continued underlying strength. Support is seen at 1.3339 and resistance at 1.3549.
USD/JPY is in a bullish trend and continuing its impulsive move higher, trading at 156.73 above its VWAP of 156.28. RSI at 55.2 confirms steady momentum. Support is at 154.75, with resistance at 157.82.
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