Analysis

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3354 CAD to 1.3299 CAD. This morning the currency pair is trading at 1.3299 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3339 - 1.335 CAD, the aim will be reaching and testing the zone 1.3395 - 1.34 CAD. If it is successful, the upward trend will continue to 1.342 - 1.343 CAD. If USD drops below the support levels at 1.3269 - 1.3259 CAD, it will try to find next support at 1.3239 - 1.3234 CAD. In case of breaking down, the downward trend will continue to 1.3189 - 1.3179 CAD.

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 11502.9 to 11571.3 points. This morning the index is traded at 11605.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 11627.6 - 11638.7 points, the aim will be reaching and testing the zone 11684 - 11689.5. If it is successful, the upward trend will continue to 11762.4 - 11773.5 points. If the DAX drops below the support levels at 11503.9 - 11492.8, it will try to find next support at 11419.9 - 11414.4. In case of breaking down, the downward trend will continue to 11369.1 - 11358 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 15.42 USD to 15.42 USD. This morning it is trading at 15.41 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 15.48 - 15.49 USD, the aim will be reaching and testing the zone 15.56 - 15.56 USD. If it is successful, the upward trend will continue to 15.6 - 15.61 USD. If the precious metal drops below the support levels at 15.37 - 15.36 USD, it will try to find next support at 15.32 - 15.32 USD. In case of breaking down, the downward trend will continue to 15.25 - 15.24 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1301.09 USD to 1308.88 USD. This morning it is trading at 1309.23 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1313.18 - 1314.22 USD, the aim will be reaching and testing the zone 1317.49 - 1318.01 USD. If it is successful, the upward trend will continue to 1323.86 - 1324.9 USD. If the precious metal drops below the support levels at 1303.54 - 1302.5 USD, it will try to find next support at 1296.65 - 1296.13 USD. In case of breaking down, the downward trend will continue to 1292.86 - 1291.82 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the March Crude Oil futures raised their value from 57.39 USD to 58.62 USD per barrel. This morning they are trading at 58.62 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 59.16 - 59.35 USD, the aim will be reaching and testing the zone 59.69 - 59.79 USD. If it is successful, the upward trend will continue to 60.61 - 60.8 USD. If the Crude Oil futures drop below the support levels at 57.89 - 57.7 USD, they will try to find next support at 56.88 - 56.79 USD. In case of breaking down, the downward trend will continue to 56.44 - 56.25 USD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.7078 USD to 0.7091 USD. This morning the currency pair is trading at 0.7085 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7109 - 0.7115 USD, the aim will be reaching and testing the zone 0.7127 - 0.7131 USD. If it is successful, the upward trend will continue to 0.7158 - 0.7164 USD. If Australian dollar drops below the support levels at 0.7066 - 0.706 USD, it will try to find next support at 0.7032 - 0.7029 USD. In case of breaking down, the downward trend will continue to 0.7017 - 0.7011 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 111.34 JPY to 111.2730 JPY. This morning the currency pair is trading at 111.20 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 111.49 - 111.51 JPY, the aim will be reaching and testing the zone 111.71 - 111.71 JPY. If it is successful, the upward trend will continue to 111.95 - 111.97 JPY. If USD drops below the support levels at 111.04 - 111.03 JPY, it will try to find next support at 110.79 - 110.78 JPY. In case of breaking down, the downward trend will continue to 110.58 - 110.56 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.3073 USD to 1.3310 USD. This morning the currency pair is trading at 1.3286 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.344 - 1.347 USD, the aim will be reaching and testing the zone 1.357 - 1.3585 USD. If it is successful, the upward trend will continue to 1.376 - 1.379 USD. If GBP drops below the support levels at 1.315 - 1.312 USD, it will try to find next support at 1.2945 - 1.293 USD. In case of breaking down, the downward trend will continue to 1.283 - 1.28 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 1.0076 CHF to 1.0036 CHF. This morning the currency pair is trading at 1.0033 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.0065 - 1.0071 CHF, the aim will be reaching and testing the zone 1.0103 - 1.0107 CHF. If it is successful, the upward trend will continue to 1.0123 - 1.0129 CHF. If USD drops below the support levels at 1.0013 - 1.0007 CHF, it will try to find next support at 0.9991 - 0.9987 CHF. In case of breaking down, the downward trend will continue to 0.9955 - 0.9949 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro raised its value from 1.1287 USD to 1.1330 USD. This morning the currency pair is trading at 1.1330 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1353 - 1.136 USD, the aim will be reaching and testing the zone 1.1376 - 1.138 USD. If it is successful, the trend will continue to 1.1414 - 1.1422 USD. If euro drops below the support levels at 1.1299 - 1.1292 USD, it will try to find next support at 1.1258 - 1.1254 USD. In case of breaking down, the downward trend will continue to 1.1238 - 1.1231 USD.

This information is not to be interpreted as an investment advice, recommendation, or inducement to buy or sell financial instruments. Trading 212 takes no responsibility and is not to be held accountable 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 their own risk. Please be advised that trading CFDs involves a significant risk of loss.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning
Icons/ic_arrow_downCreated with Sketch.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.