Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX lowered its value from 11757.6 to 11633.0 points. This morning the index is traded at 11619.9. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 11744.7 - 11775.8 points, the aim will be reaching and testing the zone 11903 - 11918.5. If it is successful, the upward trend will continue to 11968 - 11999.1 points. If the DAX drops below the support levels at 11552.5 - 11521.4, it will try to find next support at 11471.9 - 11456.4. In case of breaking down, the downward trend will continue to 11329.2 - 11298.1 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 16.95 USD to 17.02 USD. This morning it is trading at 17.41 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 17.18 - 17.2 USD, the aim will be reaching and testing the zone 17.33 - 17.34 USD. If it is successful, the upward trend will continue to 17.52 - 17.54 USD. If the precious metal drops below the support levels at 16.85 - 16.83 USD, it will try to find next support at 16.65 - 16.63 USD. In case of breaking down, the downward trend will continue to 16.51 - 16.48 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1497.39 USD to 1510.74 USD. This morning it is trading at 1524.57 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1524.55 - 1526.97 USD, the aim will be reaching and testing the zone 1538.36 - 1539.57 USD. If it is successful, the upward trend will continue to 1557 - 1559.42 USD. If the precious metal drops below the support levels at 1494.52 - 1492.1 USD, it will try to find next support at 1474.67 - 1473.46 USD. In case of breaking down, the downward trend will continue to 1462.07 - 1459.65 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures raised their value from 54.28 USD to 54.75 USD per barrel. This morning they are trading at 55.02 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 55.43 - 55.56 USD, the aim will be reaching and testing the zone 56.11 - 56.18 USD. If it is successful, the upward trend will continue to 57.06 - 57.19 USD. If the Crude Oil futures drop below the support levels at 53.93 - 53.8 USD, they will try to find next support at 52.92 - 52.85 USD. In case of breaking down, the downward trend will continue to 52.3 - 52.17 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3196 CAD to 1.3238 CAD. This morning the currency pair is trading at 1.3256 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3259 - 1.3265 CAD, the aim will be reaching and testing the zone 1.328 - 1.3283 CAD. If it is successful, the upward trend will continue to 1.3312 - 1.3317 CAD. If USD drops below the support levels at 1.3212 - 1.3207 CAD, it will try to find next support at 1.3178 - 1.3175 CAD. In case of breaking down, the downward trend will continue to 1.3159 - 1.3154 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.6780 USD to 0.6750 USD. This morning the currency pair is trading at 0.6764 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6776 - 0.6782 USD, the aim will be reaching and testing the zone 0.681 - 0.6813 USD. If it is successful, the upward trend will continue to 0.6826 - 0.6832 USD. If Australian dollar drops below the support levels at 0.6731 - 0.6725 USD, it will try to find next support at 0.6712 - 0.6709 USD. In case of breaking down, the downward trend will continue to 0.668 - 0.6674 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 105.52 JPY to 105.2720 JPY. This morning the currency pair is trading at 105.22 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 105.6 - 105.63 JPY, the aim will be reaching and testing the zone 105.96 - 105.98 JPY. If it is successful, the upward trend will continue to 106.24 - 106.27 JPY. If USD drops below the support levels at 104.98 - 104.95 JPY, it will try to find next support at 104.68 - 104.67 JPY. In case of breaking down, the downward trend will continue to 104.33 - 104.3 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.2045 USD to 1.2072 USD. This morning the currency pair is trading at 1.2066 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2114 - 1.2118 USD, the aim will be reaching and testing the zone 1.2155 - 1.2157 USD. If it is successful, the upward trend will continue to 1.2205 - 1.2209 USD. If GBP drops below the support levels at 1.2027 - 1.2022 USD, it will try to find next support at 1.1975 - 1.1973 USD. In case of breaking down, the downward trend will continue to 1.1935 - 1.1931 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.9727 CHF to 0.9690 CHF. This morning the currency pair is trading at 0.9706 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9726 - 0.9735 CHF, the aim will be reaching and testing the zone 0.9775 - 0.9779 CHF. If it is successful, the upward trend will continue to 0.9797 - 0.9806 CHF. If USD drops below the support levels at 0.9663 - 0.9654 CHF, it will try to find next support at 0.9637 - 0.9632 CHF. In case of breaking down, the downward trend will continue to 0.9864 - 0.9861 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro raised its value from 1.1196 USD to 1.1213 USD. This morning the currency pair is trading at 1.1192 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1242 - 1.1247 USD, the aim will be reaching and testing the zone 1.127 - 1.1273 USD. If it is successful, the trend will continue to 1.131 - 1.1316 USD. If euro drops below the support levels at 1.1178 - 1.1173 USD, it will try to find next support at 1.1136 - 1.1133 USD. In case of breaking down, the downward trend will continue to 1.111 - 1.1104 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.