Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 11838.5 to 11976.6 points. This morning the index is traded at 11995.9. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12059.7 - 12079.8 points, the aim will be reaching and testing the zone 12142.7 - 12152.8. If it is successful, the upward trend will continue to 12266 - 12286.1 points. If the DAX drops below the support levels at 11873.5 - 11853.4, it will try to find next support at 11740.2 - 11730.1. In case of breaking down, the downward trend will continue to 11667.2 - 11647.1 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 14.74 USD to 14.77 USD. This morning it is trading at 14.76 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 14.82 - 14.82 USD, the aim will be reaching and testing the zone 14.88 - 14.88 USD. If it is successful, the upward trend will continue to 14.94 - 14.94 USD. If the precious metal drops below the support levels at 14.71 - 14.71 USD, it will try to find next support at 14.66 - 14.66 USD. In case of breaking down, the downward trend will continue to 14.6 - 14.6 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1299.79 USD to 1296.75 USD. This morning it is trading at 1296.60 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1301.49 - 1302.02 USD, the aim will be reaching and testing the zone 1307.03 - 1307.3 USD. If it is successful, the upward trend will continue to 1310.96 - 1311.49 USD. If the precious metal drops below the support levels at 1292.55 - 1292.02 USD, it will try to find next support at 1288.36 - 1288.09 USD. In case of breaking down, the downward trend will continue to 1283.08 - 1282.55 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the May Crude Oil futures raised their value from 60.83 USD to 61.32 USD per barrel. This morning they are trading at 61.26 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 62.03 - 62.05 USD, the aim will be reaching and testing the zone 62.77 - 62.78 USD. If it is successful, the upward trend will continue to 63.45 - 63.47 USD. If the Crude Oil futures drop below the support levels at 60.63 - 60.61 USD, they will try to find next support at 59.94 - 59.93 USD. In case of breaking down, the downward trend will continue to 59.21 - 59.19 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3474 CAD to 1.3460 CAD. This morning the currency pair is trading at 1.3456 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3475 - 1.3479 CAD, the aim will be reaching and testing the zone 1.3496 - 1.3498 CAD. If it is successful, the upward trend will continue to 1.3506 - 1.351 CAD. If USD drops below the support levels at 1.3448 - 1.3444 CAD, it will try to find next support at 1.3436 - 1.3434 CAD. In case of breaking down, the downward trend will continue to 1.3417 - 1.3413 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.6943 USD to 0.6942 USD. This morning the currency pair is trading at 0.6940 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6954 - 0.6955 USD, the aim will be reaching and testing the zone 0.6968 - 0.6969 USD. If it is successful, the upward trend will continue to 0.6978 - 0.6979 USD. If Australian dollar drops below the support levels at 0.6931 - 0.693 USD, it will try to find next support at 0.6921 - 0.692 USD. In case of breaking down, the downward trend will continue to 0.6907 - 0.6906 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 109.29 JPY to 109.5860 JPY. This morning the currency pair is trading at 109.64 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 109.86 - 109.9 JPY, the aim will be reaching and testing the zone 110.13 - 110.15 JPY. If it is successful, the upward trend will continue to 110.48 - 110.53 JPY. If USD drops below the support levels at 109.27 - 109.23 JPY, it will try to find next support at 108.89 - 108.87 JPY. In case of breaking down, the downward trend will continue to 108.64 - 108.6 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.2956 USD to 1.2903 USD. This morning the currency pair is trading at 1.2910 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2937 - 1.2947 USD, the aim will be reaching and testing the zone 1.2987 - 1.2992 USD. If it is successful, the upward trend will continue to 1.3004 - 1.3015 USD. If GBP drops below the support levels at 1.288 - 1.2869 USD, it will try to find next support at 1.2856 - 1.2851 USD. In case of breaking down, the downward trend will continue to 1.2812 - 1.2801 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 1.0061 CHF to 1.0085 CHF. This morning the currency pair is trading at 1.0084 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.0104 - 1.0108 CHF, the aim will be reaching and testing the zone 1.0122 - 1.0124 CHF. If it is successful, the upward trend will continue to 1.0149 - 1.0153 CHF. If USD drops below the support levels at 1.0063 - 1.0058 CHF, it will try to find next support at 1.0034 - 1.0032 CHF. In case of breaking down, the downward trend will continue to 1.0017 - 1.0013 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1220 USD to 1.1203 USD. This morning the currency pair is trading at 1.1206 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1224 - 1.1231 USD, the aim will be reaching and testing the zone 1.1255 - 1.1258 USD. If it is successful, the trend will continue to 1.1267 - 1.1273 USD. If euro drops below the support levels at 1.1188 - 1.1182 USD, it will try to find next support at 1.1173 - 1.117 USD. In case of breaking down, the downward trend will continue to 1.1146 - 1.1139 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. 76% 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.
76% 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. 76% 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.
76% 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.