Technical Analysis Weekly

Germany 40 is in a neutral range phase, trading at 23,436, staying below its VWAP of 23,672. RSI at 39 reflects weakening momentum and a possible range break to the downside. Support is at 23,400, with resistance at 23,990.



The UK 100 remains in a bullish phase, undergoing a correction after a failed attempt to take out the record high, trading at 9,205, slightly below its VWAP of 9,333. RSI at 47 shows neutral momentum. Support is at 9,157, with resistance at 9,309.



Wall Street continues in a bullish impulsive phase, trading at 46,173 - just under a record high set on Friday - and above its VWAP of 45,699. RSI at 63 supports strong upside interest. Support is at 45,005, resistance at 46,393.



Brent Crude remains range-bound, trading at 6,600 near its VWAP of 6,698. RSI at 44 suggests balanced-to-weak bias. Support is 6,515, resistance at 6,881.




Gold is in another strong bullish impulsive phase, trading at 3,723, a fresh record high, and above VWAP of 3,613. RSI at 77 indicates strong overbought conditions. Support is way down at 3,467, resistance at 3,759.



EUR/USD is undergoing a pullback after a ‘fakeout’ that saw it briefly hit new yearly highs, trading at 1.1777, just above VWAP of 1.1735. RSI at 55 supports continued buying interest. Support is 1.1624, resistance at 1.1846.



GBP/USD Having failed to take out the annual highs after its recent bullish surge, GBP has turned back into a neutral range, trading at 1.3502 just below its VWAP of 1.3525. RSI at 48 suggests mild downward pressure. Support at 1.3393, resistance at 1.3657.



USD/JPY is neutral within a range, trading at 147.87 above its VWAP of 147.59 after a ‘fakedown’ below recent lows. RSI at 53 indicates a balanced market. Support is 146.51, resistance at 148.68.