Technical Analysis Weekly

Germany 40 is back in a neutral trend after a false break to new highs, trading at 24,374 near its VWAP of 24,025. The RSI at 57.9 suggests modest bullish sentiment. Support is at 23,256, with resistance at 24,795.



UK 100 is in a bullish trend but currently in a pullback phase, trading at 9,430, just above the VWAP of 9,373. The RSI at 56 signals stable but slowing momentum. Support is at 9,148, while resistance stands at 9,598.



Wall Street remains in a bullish trend but undergoing a correction after Friday’s sharp drop, trading at 45,915, slightly below its VWAP of 46,366. The RSI at 45 reflects a cooling market. Support is at 45,718 and resistance is at 47,015.



Brent Crude continues in a bearish trend but holding in a range phase, currently at 6,341 and below its VWAP of 6,597. RSI at 37.8 indicates weak buying pressure. Support is at 6,219 and resistance at 6,975.



Gold maintains its explosive bullish impulsive trend into a fresh record high on Monday, trading at 4,069 above its VWAP of 3,865. The RSI at 83 shows extreme overbought conditions. Support lies at 3,631, with resistance at 4,099.



EUR/USD is still in a broader range phase. After a false break to new highs a fortnight ago, it is now breaking down toward the bottom of the range - trading at 1.1614 just below its VWAP of 1.1699. The RSI at 41 suggests weakening momentum. Support is at 1.1567 and resistance at 1.1831.



GBP/USD is testing the lower bounds of its longer term price range, trading at 1.3350 slightly below the VWAP of 1.3424. The RSI at 42 indicates lack of bullish strength. Support is at 1.3301 and resistance at 1.3545.



USD/JPY despite a pullback on Friday, the pair continues its bullish impulsive move, trading at 151.84 above the VWAP of 149.56. The RSI at 64 signals strengthening momentum. Support lies at 145.66, while resistance is at 153.46.