Technical Analysis WeeklyGermany 40 remains in a sideways trend, trading at 23,840, just above its VWAP of 23,629 after rebounding off range support. The RSI at 53.2 suggests mild upward momentum. Support is at 23,396, with resistance at 24,000.
UK 100 continues in a bullish trend and is currently in a correction (triangle) phase. It is trading at 9,317, above its VWAP of 9,245. The RSI of 61.4 indicates steady buying interest. Support is at 9,172, and resistance is at 9,333.
Wall Street remains in a bullish impulsive phase, trading near record highs at 46,380, above its VWAP of 45,984. The RSI at 63.0 supports strong bullish sentiment albeit not overbought. Support sits at 45,379, with resistance at 46,590.
Brent Crude is in the same choppy range-bound conditions with reduced volatility from weeks prior, trading at 6,886, above its VWAP of 6,719. The RSI of 59.1 suggests moderate strength. Support is found at 6,500, and resistance is at 6,939.
Gold is maintaining its epic bullish impulsive phase, trading above the 3800 handle for the first time at 3,806, well above its VWAP of 3,613. The RSI at 79.1 indicates extreme overbought levels. Support is at 3,492, and resistance is at 3,734.
EUR/USD has dropped back into its range after a failed breakout. It is trading at 1.1726, slightly below its VWAP of 1.1750. RSI at 49.9 indicates a neutral stance. Support is at 1.1638, with resistance at 1.1832.
GBP/USD remains in a neutral trend within a range phase, currently at 1.3437, below its VWAP of 1.3514. The RSI of 45.5 shows slightly bearish momentum. Support and price are aligned at 1.3357, with resistance at 1.3673.
USD/JPY is in a neutral trend and remains range-bound, pulling back from the 150 round figure, trading at 148.85, just above its VWAP of 147.93. The RSI at 56.4 shows slightly bullish momentum. Support lies at 146.14, while resistance is at 149.72.
