Analysis

Daily Analysis of DAX

During the trading hours on Friday, the DAX raised its value from 12418.1 to 12453.9 points. This morning the index is traded at 12406.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12498.4 - 12500.2 points, the aim will be reaching and testing the zone 12542.8 - 12543.7. If it is successful, the upward trend will continue to 12590.9 - 12592.7 points. If the DAX drops below the support levels at 12407.7 - 12405.9, it will try to find next support at 12358.7 - 12357.8. In case of breaking down, the downward trend will continue to 12315.2 - 12313.4 points.

Daily Analysis of Silver

During the trading hours on Friday, the Silver lowered its value from 18.06 USD to 17.44 USD. This morning it is trading at 17.69 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 17.83 - 17.94 USD, the aim will be reaching and testing the zone 18.4 - 18.45 USD. If it is successful, the upward trend will continue to 18.61 - 18.73 USD. If the precious metal drops below the support levels at 17.16 - 17.04 USD, it will try to find next support at 16.88 - 16.82 USD. In case of breaking down, the downward trend will continue to 16.37 - 16.26 USD.

Daily Analysis of Gold

During the trading hours on Friday, the Spot Gold lowered its value from 1498.65 USD to 1488.64 USD. This morning it is trading at 1504.28 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1500.25 - 1503.11 USD, the aim will be reaching and testing the zone 1516.14 - 1517.57 USD. If it is successful, the upward trend will continue to 1523.46 - 1526.32 USD. If the precious metal drops below the support levels at 1479.9 - 1477.04 USD, it will try to find next support at 1471.15 - 1469.72 USD. In case of breaking down, the downward trend will continue to 1456.69 - 1453.83 USD.

Daily Analysis of Crude Oil

During the trading hours on Friday, the October Crude Oil futures lowered their value from 55.12 USD to 54.80 USD per barrel. This morning they are trading at 61.11 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 55.42 - 55.5 USD, the aim will be reaching and testing the zone 56.17 - 56.21 USD. If it is successful, the upward trend will continue to 56.67 - 56.75 USD. If the Crude Oil futures drop below the support levels at 54.25 - 54.17 USD, they will try to find next support at 53.71 - 53.67 USD. In case of breaking down, the downward trend will continue to 53 - 52.92 USD.

Daily Analysis of USD/CAD

During the trading hours on Friday, the US dollar raised its value from 1.3209 CAD to 1.3285 CAD. This morning the currency pair is trading at 1.3211 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3314 - 1.3328 CAD, the aim will be reaching and testing the zone 1.3343 - 1.335 CAD. If it is successful, the upward trend will continue to 1.3399 - 1.3413 CAD. If USD drops below the support levels at 1.3242 - 1.3228 CAD, it will try to find next support at 1.3179 - 1.3172 CAD. In case of breaking down, the downward trend will continue to 1.3157 - 1.3143 CAD.

Daily Analysis of AUD/USD

During the trading hours on Friday, the Australian dollar raised its value from 0.6865 USD to 0.6877 USD. This morning the currency pair is trading at 0.6881 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6892 - 0.6893 USD, the aim will be reaching and testing the zone 0.6907 - 0.6907 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 0.6861 - 0.686 USD, it will try to find next support at 0.6844 - 0.6843 USD. In case of breaking down, the downward trend will continue to 0.6829 - 0.6828 USD.

Daily Analysis of USD/JPY

During the trading hours on Friday, the US dollar lowered its value from 108.06 JPY to 108.0330 JPY. This morning the currency pair is trading at 107.82 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 108.21 - 108.23 JPY, the aim will be reaching and testing the zone 108.41 - 108.42 JPY. If it is successful, the upward trend will continue to 108.57 - 108.58 JPY. If USD drops below the support levels at 107.87 - 107.86 JPY, it will try to find next support at 107.71 - 107.7 JPY. In case of breaking down, the downward trend will continue to 107.52 - 107.5 JPY.

Daily Analysis of GBP/USD

During the trading hours on Friday, the pound raised its value from 1.2333 USD to 1.2496 USD. This morning the currency pair is trading at 1.2495 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2559 - 1.2586 USD, the aim will be reaching and testing the zone 1.2622 - 1.2635 USD. If it is successful, the upward trend will continue to 1.2738 - 1.2765 USD. If GBP drops below the support levels at 1.2406 - 1.238 USD, it will try to find next support at 1.2277 - 1.2263 USD. In case of breaking down, the downward trend will continue to 1.2227 - 1.22 USD.

Daily Analysis of USD/CHF

During the trading hours on Friday, the US dollar lowered its value from 0.9901 CHF to 0.9901 CHF. This morning the currency pair is trading at 0.9874 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9923 - 0.9929 CHF, the aim will be reaching and testing the zone 0.9945 - 0.9948 CHF. If it is successful, the upward trend will continue to 0.9979 - 0.9986 CHF. If USD drops below the support levels at 0.9872 - 0.9866 CHF, it will try to find next support at 0.9834 - 0.9831 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 on Friday, the euro raised its value from 1.1062 USD to 1.1072 USD. This morning the currency pair is trading at 1.1080 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1099 - 1.1102 USD, the aim will be reaching and testing the zone 1.1131 - 1.1133 USD. If it is successful, the trend will continue to 1.1153 - 1.1156 USD. If euro drops below the support levels at 1.1048 - 1.1044 USD, it will try to find next support at 1.1024 - 1.1023 USD. In case of breaking down, the downward trend will continue to 1.0994 - 1.099 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.