Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12647.6 to 12754.0 points. This morning the index is traded at 12751.3. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12812.6 - 12825.4 points, the aim will be reaching and testing the zone 12871.2 - 12877.6. If it is successful, the upward trend will continue to 12955.4 - 12968.2 points. If the DAX drops below the support levels at 12682.6 - 12669.8, it will try to find next support at 12592 - 12585.6. In case of breaking down, the downward trend will continue to 12539.8 - 12527 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver lowered its value from 17.56 USD to 17.55 USD. This morning it is trading at 17.56 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 17.73 - 17.78 USD, the aim will be reaching and testing the zone 17.98 - 18 USD. If it is successful, the upward trend will continue to 18.1 - 18.14 USD. If the precious metal drops below the support levels at 17.41 - 17.37 USD, it will try to find next support at 17.27 - 17.25 USD. In case of breaking down, the downward trend will continue to 17.05 - 17 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1490.89 USD to 1484.23 USD. This morning it is trading at 1483.73 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1491.06 - 1492.42 USD, the aim will be reaching and testing the zone 1499.92 - 1500.6 USD. If it is successful, the upward trend will continue to 1504.71 - 1506.07 USD. If the precious metal drops below the support levels at 1478.77 - 1477.41 USD, it will try to find next support at 1473.3 - 1472.62 USD. In case of breaking down, the downward trend will continue to 1465.12 - 1463.76 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the October Crude Oil futures lowered their value from 53.76 USD to 53.60 USD per barrel. This morning they are trading at 53.51 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 54.21 - 54.25 USD, the aim will be reaching and testing the zone 54.83 - 54.85 USD. If it is successful, the upward trend will continue to 55.51 - 55.55 USD. If the Crude Oil futures drop below the support levels at 52.95 - 52.91 USD, they will try to find next support at 52.25 - 52.23 USD. In case of breaking down, the downward trend will continue to 51.65 - 51.61 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3133 CAD to 1.3087 CAD. This morning the currency pair is trading at 1.3088 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3115 - 1.3123 CAD, the aim will be reaching and testing the zone 1.3154 - 1.3158 CAD. If it is successful, the upward trend will continue to 1.3171 - 1.3179 CAD. If USD drops below the support levels at 1.3066 - 1.3059 CAD, it will try to find next support at 1.3046 - 1.3042 CAD. In case of breaking down, the downward trend will continue to 1.301 - 1.3002 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.6845 USD to 0.6864 USD. This morning the currency pair is trading at 0.6864 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6883 - 0.6884 USD, the aim will be reaching and testing the zone 0.6902 - 0.6902 USD. If it is successful, the upward trend will continue to 0.6924 - 0.6925 USD. If Australian dollar drops below the support levels at 0.6844 - 0.6842 USD, it will try to find next support at 0.6821 - 0.682 USD. In case of breaking down, the downward trend will continue to 0.6803 - 0.6801 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 108.42 JPY to 108.5980 JPY. This morning the currency pair is trading at 108.60 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 108.74 - 108.79 JPY, the aim will be reaching and testing the zone 108.89 - 108.91 JPY. If it is successful, the upward trend will continue to 109.12 - 109.16 JPY. If USD drops below the support levels at 108.41 - 108.37 JPY, it will try to find next support at 108.16 - 108.14 JPY. In case of breaking down, the downward trend will continue to 108.03 - 107.99 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.2948 USD to 1.2957 USD. This morning the currency pair is trading at 1.2964 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3022 - 1.3028 USD, the aim will be reaching and testing the zone 1.3087 - 1.309 USD. If it is successful, the upward trend will continue to 1.3163 - 1.3168 USD. If GBP drops below the support levels at 1.2887 - 1.2882 USD, it will try to find next support at 1.2809 - 1.2806 USD. In case of breaking down, the downward trend will continue to 1.2747 - 1.2741 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9841 CHF to 0.9856 CHF. This morning the currency pair is trading at 0.9859 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9873 - 0.9874 CHF, the aim will be reaching and testing the zone 0.9891 - 0.9891 CHF. If it is successful, the upward trend will continue to 0.9908 - 0.9908 CHF. If USD drops below the support levels at 0.984 - 0.9839 CHF, it will try to find next support at 0.9823 - 0.9823 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 1.1160 USD to 1.1149 USD. This morning the currency pair is trading at 1.1149 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1169 - 1.1173 USD, the aim will be reaching and testing the zone 1.1194 - 1.1196 USD. If it is successful, the trend will continue to 1.121 - 1.1213 USD. If euro drops below the support levels at 1.1132 - 1.1129 USD, it will try to find next support at 1.1115 - 1.1113 USD. In case of breaking down, the downward trend will continue to 1.1091 - 1.1088 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.