Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 13380.7 to 13579.4 points. This morning the index is traded at 13579.2. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 13657.9 - 13689.3 points, the aim will be reaching and testing the zone 13736.3 - 13752. If it is successful, the upward trend will continue to 13877.6 - 13909 points. If the DAX drops below the support levels at 13469.6 - 13438.2, it will try to find next support at 13312.6 - 13296.9. In case of breaking down, the downward trend will continue to 13249.9 - 13218.5 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 24.50 USD to 25.29 USD. This morning it is trading at 25.34 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 25.71 - 25.82 USD, the aim will be reaching and testing the zone 26.13 - 26.18 USD. If it is successful, the upward trend will continue to 26.77 - 26.88 USD. If the precious metal drops below the support levels at 24.76 - 24.65 USD, it will try to find next support at 24.06 - 24.01 USD. In case of breaking down, the downward trend will continue to 23.7 - 23.59 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1852.18 USD to 1863.87 USD. This morning it is trading at 1864.14 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1871.34 - 1874.35 USD, the aim will be reaching and testing the zone 1878.82 - 1880.32 USD. If it is successful, the upward trend will continue to 1892.29 - 1895.3 USD. If the precious metal drops below the support levels at 1853.4 - 1850.39 USD, it will try to find next support at 1838.42 - 1836.92 USD. In case of breaking down, the downward trend will continue to 1832.45 - 1829.44 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the December Crude Oil futures raised their value from 47.54 USD to 47.82 USD per barrel. This morning they are trading at 47.75 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 48.1 - 48.21 USD, the aim will be reaching and testing the zone 48.39 - 48.44 USD. If it is successful, the upward trend will continue to 48.89 - 48.99 USD. If the Crude Oil futures drop below the support levels at 47.42 - 47.32 USD, they will try to find next support at 46.87 - 46.82 USD. In case of breaking down, the downward trend will continue to 46.64 - 46.53 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.2698 CAD to 1.2737 CAD. This morning the currency pair is trading at 1.2746 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.2787 - 1.2788 CAD, the aim will be reaching and testing the zone 1.2838 - 1.2839 CAD. If it is successful, the upward trend will continue to 1.2888 - 1.2888 CAD. If USD drops below the support levels at 1.2687 - 1.2687 CAD, it will try to find next support at 1.2638 - 1.2637 CAD. In case of breaking down, the downward trend will continue to 1.2587 - 1.2586 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.7557 USD to 0.7575 USD. This morning the currency pair is trading at 0.7570 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7589 - 0.7595 USD, the aim will be reaching and testing the zone 0.7604 - 0.7607 USD. If it is successful, the upward trend will continue to 0.763 - 0.7635 USD. If Australian dollar drops below the support levels at 0.7555 - 0.7549 USD, it will try to find next support at 0.7526 - 0.7524 USD. In case of breaking down, the downward trend will continue to 0.7515 - 0.7509 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 103.63 JPY to 103.4480 JPY. This morning the currency pair is trading at 103.46 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 103.78 - 103.82 JPY, the aim will be reaching and testing the zone 104.18 - 104.2 JPY. If it is successful, the upward trend will continue to 104.44 - 104.49 JPY. If USD drops below the support levels at 103.16 - 103.12 JPY, it will try to find next support at 102.88 - 102.85 JPY. In case of breaking down, the downward trend will continue to 102.5 - 102.46 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.3446 USD to 1.3508 USD. This morning the currency pair is trading at 1.3500 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3563 - 1.3568 USD, the aim will be reaching and testing the zone 1.3617 - 1.362 USD. If it is successful, the upward trend will continue to 1.3682 - 1.3687 USD. If GBP drops below the support levels at 1.3448 - 1.3443 USD, it will try to find next support at 1.3381 - 1.3379 USD. In case of breaking down, the downward trend will continue to 1.3329 - 1.3324 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.8853 CHF to 0.8853 CHF. This morning the currency pair is trading at 0.8852 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.8886 - 0.8888 CHF, the aim will be reaching and testing the zone 0.8922 - 0.8923 CHF. If it is successful, the upward trend will continue to 0.8953 - 0.8954 CHF. If USD drops below the support levels at 0.8822 - 0.882 CHF, it will try to find next support at 0.879 - 0.8789 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 1.2151 USD to 1.2196 USD. This morning the currency pair is trading at 1.2194 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.223 - 1.2239 USD, the aim will be reaching and testing the zone 1.2264 - 1.2269 USD. If it is successful, the trend will continue to 1.2317 - 1.2327 USD. If euro drops below the support levels at 1.2152 - 1.2143 USD, it will try to find next support at 1.2095 - 1.209 USD. In case of breaking down, the downward trend will continue to 1.2065 - 1.2056 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.

Start trading now