Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12398.5 to 12420.5 points. This morning the index is traded at 12418.8. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12468.6 - 12470.5 points, the aim will be reaching and testing the zone 12516.7 - 12517.6. If it is successful, the upward trend will continue to 12568.5 - 12570.4 points. If the DAX drops below the support levels at 12370.6 - 12368.7, it will try to find next support at 12317.8 - 12316.9. In case of breaking down, the downward trend will continue to 12270.7 - 12268.8 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 15.36 USD to 15.52 USD. This morning it is trading at 15.53 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 15.7 - 15.71 USD, the aim will be reaching and testing the zone 15.87 - 15.88 USD. If it is successful, the upward trend will continue to 16.08 - 16.09 USD. If the precious metal drops below the support levels at 15.33 - 15.32 USD, it will try to find next support at 15.12 - 15.11 USD. In case of breaking down, the downward trend will continue to 14.96 - 14.94 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1414.68 USD to 1405.76 USD. This morning it is trading at 1404.93 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1414.44 - 1415.65 USD, the aim will be reaching and testing the zone 1424.94 - 1425.55 USD. If it is successful, the upward trend will continue to 1431.79 - 1433 USD. If the precious metal drops below the support levels at 1398.3 - 1397.09 USD, it will try to find next support at 1390.85 - 1390.24 USD. In case of breaking down, the downward trend will continue to 1380.95 - 1379.74 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures lowered their value from 59.35 USD to 57.58 USD per barrel. This morning they are trading at 57.70 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 59.07 - 59.43 USD, the aim will be reaching and testing the zone 61.1 - 61.27 USD. If it is successful, the upward trend will continue to 62.05 - 62.41 USD. If the Crude Oil futures drop below the support levels at 56.45 - 56.09 USD, they will try to find next support at 55.31 - 55.14 USD. In case of breaking down, the downward trend will continue to 53.47 - 53.11 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3046 CAD to 1.3086 CAD. This morning the currency pair is trading at 1.3084 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.311 - 1.312 CAD, the aim will be reaching and testing the zone 1.3135 - 1.314 CAD. If it is successful, the upward trend will continue to 1.3179 - 1.3189 CAD. If USD drops below the support levels at 1.3051 - 1.3041 CAD, it will try to find next support at 1.3002 - 1.2997 CAD. In case of breaking down, the downward trend will continue to 1.2982 - 1.2972 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.7037 USD to 0.7011 USD. This morning the currency pair is trading at 0.7011 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7028 - 0.7033 USD, the aim will be reaching and testing the zone 0.7053 - 0.7055 USD. If it is successful, the upward trend will continue to 0.7063 - 0.7068 USD. If Australian dollar drops below the support levels at 0.6999 - 0.6994 USD, it will try to find next support at 0.6986 - 0.6984 USD. In case of breaking down, the downward trend will continue to 0.6964 - 0.6959 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 107.90 JPY to 108.2260 JPY. This morning the currency pair is trading at 108.23 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 108.46 - 108.5 JPY, the aim will be reaching and testing the zone 108.69 - 108.71 JPY. If it is successful, the upward trend will continue to 109.02 - 109.06 JPY. If USD drops below the support levels at 107.95 - 107.9 JPY, it will try to find next support at 107.6 - 107.58 JPY. In case of breaking down, the downward trend will continue to 107.39 - 107.35 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.2515 USD to 1.2401 USD. This morning the currency pair is trading at 1.2409 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2464 - 1.2482 USD, the aim will be reaching and testing the zone 1.2554 - 1.2563 USD. If it is successful, the upward trend will continue to 1.2588 - 1.2607 USD. If GBP drops below the support levels at 1.2358 - 1.2339 USD, it will try to find next support at 1.2314 - 1.2305 USD. In case of breaking down, the downward trend will continue to 1.2233 - 1.2215 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9844 CHF to 0.9878 CHF. This morning the currency pair is trading at 0.9879 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9902 - 0.9907 CHF, the aim will be reaching and testing the zone 0.9926 - 0.9929 CHF. If it is successful, the upward trend will continue to 0.996 - 0.9965 CHF. If USD drops below the support levels at 0.9849 - 0.9844 CHF, it will try to find next support at 0.9813 - 0.981 CHF. In case of breaking down, the downward trend will continue to 0.9791 - 0.9786 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1257 USD to 1.1210 USD. This morning the currency pair is trading at 1.1210 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.124 - 1.1248 USD, the aim will be reaching and testing the zone 1.1283 - 1.1286 USD. If it is successful, the trend will continue to 1.1302 - 1.131 USD. If euro drops below the support levels at 1.1186 - 1.1179 USD, it will try to find next support at 1.1163 - 1.1159 USD. In case of breaking down, the downward trend will continue to 1.1124 - 1.1117 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.