Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 11995.3 to 12095.0 points. This morning the index is traded at 12091.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12198.5 - 12231.3 points, the aim will be reaching and testing the zone 12302.1 - 12318.5. If it is successful, the upward trend will continue to 12471.1 - 12503.9 points. If the DAX drops below the support levels at 11958.7 - 11925.9, it will try to find next support at 11773.3 - 11756.9. In case of breaking down, the downward trend will continue to 11686.1 - 11653.3 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 14.76 USD to 14.77 USD. This morning it is trading at 14.77 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 14.87 - 14.87 USD. If it is successful, the upward trend will continue to 14.91 - 14.91 USD. If the precious metal drops below the support levels at 14.73 - 14.73 USD, it will try to find next support at 14.69 - 14.69 USD. In case of breaking down, the downward trend will continue to 14.64 - 14.64 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1296.92 USD to 1296.25 USD. This morning it is trading at 1296.68 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1300.16 - 1300.35 USD, the aim will be reaching and testing the zone 1304.36 - 1304.46 USD. If it is successful, the upward trend will continue to 1307.97 - 1308.16 USD. If the precious metal drops below the support levels at 1292.54 - 1292.35 USD, it will try to find next support at 1288.84 - 1288.74 USD. In case of breaking down, the downward trend will continue to 1284.73 - 1284.54 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the May Crude Oil futures raised their value from 61.34 USD to 62.10 USD per barrel. This morning they are trading at 62.21 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 62.66 - 62.84 USD, the aim will be reaching and testing the zone 63.23 - 63.32 USD. If it is successful, the upward trend will continue to 64.14 - 64.32 USD. If the Crude Oil futures drop below the support levels at 61.36 - 61.18 USD, they will try to find next support at 60.36 - 60.27 USD. In case of breaking down, the downward trend will continue to 59.88 - 59.7 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3460 CAD to 1.3434 CAD. This morning the currency pair is trading at 1.3439 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3467 - 1.3476 CAD, the aim will be reaching and testing the zone 1.3513 - 1.3517 CAD. If it is successful, the upward trend will continue to 1.3534 - 1.3542 CAD. If USD drops below the support levels at 1.341 - 1.3401 CAD, it will try to find next support at 1.3385 - 1.3381 CAD. In case of breaking down, the downward trend will continue to 1.3343 - 1.3335 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.6941 USD to 0.6926 USD. This morning the currency pair is trading at 0.6928 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6942 - 0.6944 USD, the aim will be reaching and testing the zone 0.6961 - 0.6962 USD. If it is successful, the upward trend will continue to 0.6976 - 0.6977 USD. If Australian dollar drops below the support levels at 0.691 - 0.6909 USD, it will try to find next support at 0.6895 - 0.6894 USD. In case of breaking down, the downward trend will continue to 0.6877 - 0.6876 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 109.59 JPY to 109.5790 JPY. This morning the currency pair is trading at 109.55 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 109.8 - 109.85 JPY, the aim will be reaching and testing the zone 110.02 - 110.05 JPY. If it is successful, the upward trend will continue to 110.35 - 110.4 JPY. If USD drops below the support levels at 109.3 - 109.25 JPY, it will try to find next support at 108.95 - 108.92 JPY. In case of breaking down, the downward trend will continue to 108.76 - 108.7 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.2903 USD to 1.2839 USD. This morning the currency pair is trading at 1.2845 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2887 - 1.2899 USD, the aim will be reaching and testing the zone 1.2953 - 1.2959 USD. If it is successful, the upward trend will continue to 1.2984 - 1.2996 USD. If GBP drops below the support levels at 1.2802 - 1.279 USD, it will try to find next support at 1.2766 - 1.276 USD. In case of breaking down, the downward trend will continue to 1.2705 - 1.2693 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 1.0085 CHF to 1.0085 CHF. This morning the currency pair is trading at 1.0082 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.0103 - 1.0106 CHF, the aim will be reaching and testing the zone 1.012 - 1.0122 CHF. If it is successful, the upward trend will continue to 1.0144 - 1.0148 CHF. If USD drops below the support levels at 1.0065 - 1.0061 CHF, it will try to find next support at 1.0039 - 1.0037 CHF. In case of breaking down, the downward trend will continue to 1.0023 - 1.002 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1202 USD to 1.1199 USD. This morning the currency pair is trading at 1.1205 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1223 - 1.1223 USD, the aim will be reaching and testing the zone 1.1247 - 1.1247 USD. If it is successful, the trend will continue to 1.1269 - 1.127 USD. If euro drops below the support levels at 1.1177 - 1.1176 USD, it will try to find next support at 1.1154 - 1.1154 USD. In case of breaking down, the downward trend will continue to 1.113 - 1.113 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.