Technical Analysis. 27 July, 2026Germany 40, DailySPREADEX:GDAXISpreadexWall Street remains in a broad bullish structure, though price has pulled back from recent highs and is consolidating just above its VWAP. A rising trendline continues to underpin the advance, while the descending line from the peak now caps near-term upside. Momentum has eased from overbought extremes but stays constructive overall. Germany 40 continues to trend higher after a sharp impulsive rally, though price is now correcting within a converging range as the descending resistance line meets a firmer rising support. The index holds comfortably above its VWAP, keeping the broader bias intact. A decisive break of either boundary should confirm the next directional move. UK 100 has broken back above its long-standing descending resistance trendline, reinforcing an impulsive bullish tone. Price trades above its VWAP with a rising floor of support beneath, and momentum is firming in tandem with the advance. The breakout keeps the index on track for a test of higher levels. GBP/USD remains in an overall range following its recent bounce, easing back toward the recently formed rising trendline going back to the July low. The pair sits below its VWAP, with the broader bias still tilted slightly bearish given the retreat from the descending resistance line. Momentum is neutral, leaving the near-term path reliant on the support trendline holding. EUR/USD is consolidating within a narrowing range, hemmed in by a descending resistance line and a firmer rising support beneath. Price is trading marginally below its VWAP, keeping the broader bearish bias intact even as the pair attempts to stabilise. The break of the lower boundary should set the tone for the week ahead. USD/JPY continues to press higher within a well-defined impulsive uptrend, holding above both its VWAP and rising trendline support. Momentum remains firm, having recently touched overbought territory, underscoring the strength of the advance. Pullbacks continue to be shallow and well supported. Gold remains corrective, consolidating in a tightening range as a descending resistance line converges with rising support above the big $4k level. Price is holding close to its VWAP, with momentum neutral, reflecting the indecision after the broader pullback from earlier highs. A clear break from the range should clarify the next leg. Brent Crude remains the standout mover, having staged a strong impulsive rally off its multi-month low. Price has now gapped below 9,000 from resistance and is now correcting back towards its VWAP and rising trendline support. Momentum has cooled from recent strength but continues to support the broader recovery.