Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 13518.0 to 13577.4 points. This morning the index is traded at 13554.5. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 13608.8 - 13623.6 points, the aim will be reaching and testing the zone 13640.1 - 13647.5. If it is successful, the upward trend will continue to 13701.1 - 13715.9 points. If the DAX drops below the support levels at 13531.3 - 13516.5, it will try to find next support at 13462.9 - 13455.5. In case of breaking down, the downward trend will continue to 13439 - 13424.2 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 18.04 USD to 18.06 USD. This morning it is trading at 18.06 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 18.12 - 18.12 USD, the aim will be reaching and testing the zone 18.18 - 18.18 USD. If it is successful, the upward trend will continue to 18.25 - 18.25 USD. If the precious metal drops below the support levels at 17.99 - 17.99 USD, it will try to find next support at 17.93 - 17.93 USD. In case of breaking down, the downward trend will continue to 17.86 - 17.86 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1557.21 USD to 1560.69 USD. This morning it is trading at 1561.20 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1563.52 - 1563.93 USD, the aim will be reaching and testing the zone 1566.36 - 1566.56 USD. If it is successful, the upward trend will continue to 1570 - 1570.41 USD. If the precious metal drops below the support levels at 1557.45 - 1557.04 USD, it will try to find next support at 1553.6 - 1553.4 USD. In case of breaking down, the downward trend will continue to 1550.97 - 1550.56 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the February Crude Oil futures lowered their value from 59.13 USD to 58.87 USD per barrel. This morning they are trading at 58.70 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 59.17 - 59.18 USD, the aim will be reaching and testing the zone 59.46 - 59.47 USD. If it is successful, the upward trend will continue to 59.78 - 59.79 USD. If the Crude Oil futures drop below the support levels at 58.57 - 58.56 USD, they will try to find next support at 58.25 - 58.24 USD. In case of breaking down, the downward trend will continue to 57.96 - 57.95 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3057 CAD to 1.3046 CAD. This morning the currency pair is trading at 1.3045 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3061 - 1.3064 CAD, the aim will be reaching and testing the zone 1.3081 - 1.3083 CAD. If it is successful, the upward trend will continue to 1.309 - 1.3094 CAD. If USD drops below the support levels at 1.3035 - 1.3032 CAD, it will try to find next support at 1.3024 - 1.3023 CAD. In case of breaking down, the downward trend will continue to 1.3006 - 1.3002 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.6871 USD to 0.6872 USD. This morning the currency pair is trading at 0.6876 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6888 - 0.6888 USD, the aim will be reaching and testing the zone 0.6905 - 0.6905 USD. If it is successful, the upward trend will continue to 0.6922 - 0.6922 USD. If Australian dollar drops below the support levels at 0.6855 - 0.6855 USD, it will try to find next support at 0.6838 - 0.6838 USD. In case of breaking down, the downward trend will continue to 0.6822 - 0.6821 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 110.07 JPY to 110.1760 JPY. This morning the currency pair is trading at 110.17 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 110.24 - 110.25 JPY, the aim will be reaching and testing the zone 110.3 - 110.31 JPY. If it is successful, the upward trend will continue to 110.39 - 110.41 JPY. If USD drops below the support levels at 110.1 - 110.09 JPY, it will try to find next support at 110 - 110 JPY. In case of breaking down, the downward trend will continue to 109.95 - 109.93 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.2992 USD to 1.3009 USD. This morning the currency pair is trading at 1.3003 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3028 - 1.3035 USD, the aim will be reaching and testing the zone 1.3047 - 1.305 USD. If it is successful, the upward trend will continue to 1.308 - 1.3088 USD. If GBP drops below the support levels at 1.2983 - 1.2975 USD, it will try to find next support at 1.2946 - 1.2942 USD. In case of breaking down, the downward trend will continue to 1.293 - 1.2923 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9672 CHF to 0.9680 CHF. This morning the currency pair is trading at 0.9683 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9693 - 0.9695 CHF, the aim will be reaching and testing the zone 0.9709 - 0.971 CHF. If it is successful, the upward trend will continue to 0.9719 - 0.9721 CHF. If USD drops below the support levels at 0.9668 - 0.9666 CHF, it will try to find next support at 0.9657 - 0.9656 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 1.1090 USD to 1.1094 USD. This morning the currency pair is trading at 1.1096 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1105 - 1.1107 USD, the aim will be reaching and testing the zone 1.1117 - 1.1117 USD. If it is successful, the trend will continue to 1.1131 - 1.1133 USD. If euro drops below the support levels at 1.1081 - 1.1079 USD, it will try to find next support at 1.1066 - 1.1065 USD. In case of breaking down, the downward trend will continue to 1.1055 - 1.1053 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.

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.
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.