Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX lowered its value from 12281.0 to 12245.3 points. This morning the index is traded at 12240.5. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12299.7 - 12300.2 points, the aim will be reaching and testing the zone 12354.9 - 12355.1. If it is successful, the upward trend will continue to 12408.5 - 12409 points. If the DAX drops below the support levels at 12191.4 - 12190.9, it will try to find next support at 12137.5 - 12137.3. In case of breaking down, the downward trend will continue to 12082.6 - 12082.1 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 15.95 USD to 16.31 USD. This morning it is trading at 16.26 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.45 - 16.52 USD, the aim will be reaching and testing the zone 16.6 - 16.63 USD. If it is successful, the upward trend will continue to 16.88 - 16.95 USD. If the precious metal drops below the support levels at 16.1 - 16.03 USD, it will try to find next support at 15.78 - 15.75 USD. In case of breaking down, the downward trend will continue to 15.67 - 15.6 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1426.91 USD to 1445.50 USD. This morning it is trading at 1442.03 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1457.45 - 1462.22 USD, the aim will be reaching and testing the zone 1469.41 - 1471.79 USD. If it is successful, the upward trend will continue to 1490.88 - 1495.65 USD. If the precious metal drops below the support levels at 1428.79 - 1424.02 USD, it will try to find next support at 1404.93 - 1402.55 USD. In case of breaking down, the downward trend will continue to 1395.36 - 1390.59 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures lowered their value from 56.66 USD to 55.74 USD per barrel. This morning they are trading at 55.90 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 57.04 - 57.17 USD, the aim will be reaching and testing the zone 58.53 - 58.59 USD. If it is successful, the upward trend will continue to 59.63 - 59.76 USD. If the Crude Oil futures drop below the support levels at 54.58 - 54.45 USD, they will try to find next support at 53.41 - 53.35 USD. In case of breaking down, the downward trend will continue to 51.99 - 51.86 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3052 CAD to 1.3026 CAD. This morning the currency pair is trading at 1.3042 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3061 - 1.3072 CAD, the aim will be reaching and testing the zone 1.3112 - 1.3118 CAD. If it is successful, the upward trend will continue to 1.313 - 1.3141 CAD. If USD drops below the support levels at 1.3002 - 1.2991 CAD, it will try to find next support at 1.2978 - 1.2973 CAD. In case of breaking down, the downward trend will continue to 1.2932 - 1.2921 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.7007 USD to 0.7074 USD. This morning the currency pair is trading at 0.7056 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7098 - 0.711 USD, the aim will be reaching and testing the zone 0.7122 - 0.7128 USD. If it is successful, the upward trend will continue to 0.717 - 0.7181 USD. If Australian dollar drops below the support levels at 0.7038 - 0.7027 USD, it will try to find next support at 0.6985 - 0.698 USD. In case of breaking down, the downward trend will continue to 0.6967 - 0.6955 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 107.94 JPY to 107.2770 JPY. This morning the currency pair is trading at 107.48 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 107.68 - 107.79 JPY, the aim will be reaching and testing the zone 108.25 - 108.3 JPY. If it is successful, the upward trend will continue to 108.49 - 108.6 JPY. If USD drops below the support levels at 106.98 - 106.87 JPY, it will try to find next support at 106.69 - 106.63 JPY. In case of breaking down, the downward trend will continue to 106.17 - 106.07 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.2430 USD to 1.2545 USD. This morning the currency pair is trading at 1.2530 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2594 - 1.2612 USD, the aim will be reaching and testing the zone 1.2643 - 1.2652 USD. If it is successful, the upward trend will continue to 1.2728 - 1.2746 USD. If GBP drops below the support levels at 1.2477 - 1.2459 USD, it will try to find next support at 1.2383 - 1.2374 USD. In case of breaking down, the downward trend will continue to 1.2343 - 1.2325 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.9872 CHF to 0.9813 CHF. This morning the currency pair is trading at 0.9834 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9854 - 0.9867 CHF, the aim will be reaching and testing the zone 0.9914 - 0.992 CHF. If it is successful, the upward trend will continue to 0.9937 - 0.9949 CHF. If USD drops below the support levels at 0.9784 - 0.9772 CHF, it will try to find next support at 0.9755 - 0.9749 CHF. In case of breaking down, the downward trend will continue to 0.9701 - 0.9689 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro raised its value from 1.1224 USD to 1.1276 USD. This morning the currency pair is trading at 1.1250 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1302 - 1.1314 USD, the aim will be reaching and testing the zone 1.1329 - 1.1334 USD. If it is successful, the trend will continue to 1.1378 - 1.1389 USD. If euro drops below the support levels at 1.1238 - 1.1227 USD, it will try to find next support at 1.1184 - 1.1178 USD. In case of breaking down, the downward trend will continue to 1.1163 - 1.1152 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.