Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12720.0 to 12753.2 points. This morning the index is traded at 12744.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12788.2 - 12792.5 points, the aim will be reaching and testing the zone 12823.1 - 12825.3. If it is successful, the upward trend will continue to 12866.8 - 12871.1 points. If the DAX drops below the support levels at 12713.9 - 12709.6, it will try to find next support at 12668.1 - 12665.9. In case of breaking down, the downward trend will continue to 12635.3 - 12631 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver lowered its value from 15.55 USD to 15.53 USD. This morning it is trading at 15.38 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 15.62 - 15.63 USD, the aim will be reaching and testing the zone 15.71 - 15.72 USD. If it is successful, the upward trend will continue to 15.83 - 15.84 USD. If the precious metal drops below the support levels at 15.43 - 15.41 USD, it will try to find next support at 15.3 - 15.29 USD. In case of breaking down, the downward trend will continue to 15.22 - 15.21 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1226.98 USD to 1227.04 USD. This morning it is trading at 1221.43 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1230.36 - 1231.04 USD, the aim will be reaching and testing the zone 1233.68 - 1234.02 USD. If it is successful, the upward trend will continue to 1238.36 - 1239.04 USD. If the precious metal drops below the support levels at 1223.04 - 1222.36 USD, it will try to find next support at 1218.02 - 1217.68 USD. In case of breaking down, the downward trend will continue to 1215.04 - 1214.36 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures raised their value from 66.66 USD to 67.89 USD per barrel. This morning they are trading at 67.52 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 68.49 - 68.75 USD, the aim will be reaching and testing the zone 69.09 - 69.22 USD. If it is successful, the upward trend will continue to 70.21 - 70.47 USD. If the Crude Oil futures drop below the support levels at 67.03 - 66.77 USD, they will try to find next support at 65.78 - 65.65 USD. In case of breaking down, the downward trend will continue to 65.31 - 65.05 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3189 CAD to 1.3166 CAD. This morning the currency pair is trading at 1.3196 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3215 - 1.323 CAD, the aim will be reaching and testing the zone 1.3286 - 1.3293 CAD. If it is successful, the upward trend will continue to 1.3313 - 1.3327 CAD. If USD drops below the support levels at 1.3132 - 1.3117 CAD, it will try to find next support at 1.3098 - 1.3091 CAD. In case of breaking down, the downward trend will continue to 1.3034 - 1.302 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.7384 USD to 0.7397 USD. This morning the currency pair is trading at 0.7387 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7422 - 0.7429 USD, the aim will be reaching and testing the zone 0.7446 - 0.745 USD. If it is successful, the upward trend will continue to 0.7486 - 0.7493 USD. If Australian dollar drops below the support levels at 0.7364 - 0.7357 USD, it will try to find next support at 0.7321 - 0.7318 USD. In case of breaking down, the downward trend will continue to 0.73 - 0.7293 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 112.86 JPY to 112.8410 JPY. This morning the currency pair is trading at 112.88 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 113.06 - 113.08 JPY, the aim will be reaching and testing the zone 113.31 - 113.32 JPY. If it is successful, the upward trend will continue to 113.49 - 113.51 JPY. If USD drops below the support levels at 112.65 - 112.63 JPY, it will try to find next support at 112.46 - 112.45 JPY. In case of breaking down, the downward trend will continue to 112.22 - 112.19 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.3111 USD to 1.3067 USD. This morning the currency pair is trading at 1.3040 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.312 - 1.3121 USD, the aim will be reaching and testing the zone 1.3173 - 1.3173 USD. If it is successful, the upward trend will continue to 1.3228 - 1.3229 USD. If GBP drops below the support levels at 1.3013 - 1.3012 USD, it will try to find next support at 1.2957 - 1.2956 USD. In case of breaking down, the downward trend will continue to 1.2904 - 1.2903 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.9999 CHF to 0.9989 CHF. This morning the currency pair is trading at 1.0010 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.0015 - 1.0021 CHF, the aim will be reaching and testing the zone 1.005 - 1.0053 CHF. If it is successful, the upward trend will continue to 1.0066 - 1.0073 CHF. If USD drops below the support levels at 0.9969 - 0.9963 CHF, it will try to find next support at 0.995 - 0.9947 CHF. In case of breaking down, the downward trend will continue to 0.9917 - 0.9911 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1659 USD to 1.1638 USD. This morning the currency pair is trading at 1.1612 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1668 - 1.1669 USD, the aim will be reaching and testing the zone 1.1697 - 1.1698 USD. If it is successful, the trend will continue to 1.173 - 1.1732 USD. If euro drops below the support levels at 1.1606 - 1.1605 USD, it will try to find next support at 1.1573 - 1.1572 USD. In case of breaking down, the downward trend will continue to 1.1544 - 1.1542 USD.

This information does not represent investment advice, recommendation, or inducement to buy or sell financial instruments. Trading 212 accepts no responsibility for any use that may be made of the information provided and for any consequences that may result therefrom. No express warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at his or her own risk. Please be advised that trading CFDs involves a significant risk of loss.

Don't have an account yet?

Trading may not be suitable for everyone and can result in the loss of all your invested capital.

Chat with us
Investments can fall and rise. You may get back less than you invest. CFDs are higher risk because of leverage. Be sure you understand the risks.
Risk warning
Investments can fall and rise. You may get back less than you invest. CFDs are higher risk because of leverage. Be sure you understand the risks.