Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12291.8 to 12381.1 points. This morning the index is traded at 12384.5. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12427.2 - 12442.9 points, the aim will be reaching and testing the zone 12473.2 - 12481.1. If it is successful, the upward trend will continue to 12550.8 - 12566.5 points. If the DAX drops below the support levels at 12319.3 - 12303.6, it will try to find next support at 12233.9 - 12226. In case of breaking down, the downward trend will continue to 12195.7 - 12180 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 17.99 USD to 18.10 USD. This morning it is trading at 18.12 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 18.27 - 18.28 USD, the aim will be reaching and testing the zone 18.43 - 18.44 USD. If it is successful, the upward trend will continue to 18.62 - 18.64 USD. If the precious metal drops below the support levels at 17.93 - 17.91 USD, it will try to find next support at 17.73 - 17.72 USD. In case of breaking down, the downward trend will continue to 17.57 - 17.56 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1485.52 USD to 1496.79 USD. This morning it is trading at 1496.75 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1501.63 - 1503.38 USD, the aim will be reaching and testing the zone 1506.48 - 1507.35 USD. If it is successful, the upward trend will continue to 1514.8 - 1516.55 USD. If the precious metal drops below the support levels at 1490.21 - 1488.46 USD, it will try to find next support at 1481.01 - 1480.14 USD. In case of breaking down, the downward trend will continue to 1477.04 - 1475.29 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the October Crude Oil futures lowered their value from 57.89 USD to 55.71 USD per barrel. This morning they are trading at 55.71 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 57.05 - 57.45 USD, the aim will be reaching and testing the zone 58.99 - 59.2 USD. If it is successful, the upward trend will continue to 59.73 - 60.13 USD. If the Crude Oil futures drop below the support levels at 54.78 - 54.37 USD, they will try to find next support at 53.84 - 53.64 USD. In case of breaking down, the downward trend will continue to 52.1 - 51.7 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3151 CAD to 1.3192 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 1.3224 - 1.3229 CAD, the aim will be reaching and testing the zone 1.3256 - 1.3259 CAD. If it is successful, the upward trend will continue to 1.3299 - 1.3304 CAD. If USD drops below the support levels at 1.3154 - 1.3149 CAD, it will try to find next support at 1.3109 - 1.3106 CAD. In case of breaking down, the downward trend will continue to 1.3079 - 1.3074 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.6859 USD to 0.6861 USD. This morning the currency pair is trading at 0.6861 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6879 - 0.6881 USD, the aim will be reaching and testing the zone 0.69 - 0.6901 USD. If it is successful, the upward trend will continue to 0.6915 - 0.6917 USD. If Australian dollar drops below the support levels at 0.6844 - 0.6843 USD, it will try to find next support at 0.6828 - 0.6827 USD. In case of breaking down, the downward trend will continue to 0.6808 - 0.6806 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 107.52 JPY to 107.7890 JPY. This morning the currency pair is trading at 107.81 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 107.93 - 107.97 JPY, the aim will be reaching and testing the zone 108.08 - 108.1 JPY. If it is successful, the upward trend will continue to 108.3 - 108.34 JPY. If USD drops below the support levels at 107.6 - 107.56 JPY, it will try to find next support at 107.36 - 107.34 JPY. In case of breaking down, the downward trend will continue to 107.23 - 107.19 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.2341 USD to 1.2319 USD. This morning the currency pair is trading at 1.2329 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2348 - 1.2355 USD, the aim will be reaching and testing the zone 1.2388 - 1.2392 USD. If it is successful, the upward trend will continue to 1.2406 - 1.2414 USD. If GBP drops below the support levels at 1.2297 - 1.229 USD, it will try to find next support at 1.2275 - 1.2272 USD. In case of breaking down, the downward trend will continue to 1.2239 - 1.2232 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9918 CHF to 0.9927 CHF. This morning the currency pair is trading at 0.9930 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9943 - 0.9943 CHF, the aim will be reaching and testing the zone 0.9959 - 0.9959 CHF. If it is successful, the upward trend will continue to 0.9975 - 0.9975 CHF. If USD drops below the support levels at 0.9911 - 0.9911 CHF, it will try to find next support at 0.9895 - 0.9895 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 lowered its value from 1.1043 USD to 1.1010 USD. This morning the currency pair is trading at 1.1010 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1045 - 1.1048 USD, the aim will be reaching and testing the zone 1.1085 - 1.1087 USD. If it is successful, the trend will continue to 1.1115 - 1.1119 USD. If euro drops below the support levels at 1.0978 - 1.0975 USD, it will try to find next support at 1.0946 - 1.0945 USD. In case of breaking down, the downward trend will continue to 1.0908 - 1.0904 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.