Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12310.9 to 12542.2 points. This morning the index is traded at 12524.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12628.1 - 12667.5 points, the aim will be reaching and testing the zone 12714.1 - 12733.7. If it is successful, the upward trend will continue to 12878.6 - 12918 points. If the DAX drops below the support levels at 12417 - 12377.6, it will try to find next support at 12232.7 - 12213.1. In case of breaking down, the downward trend will continue to 12166.5 - 12127.1 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 16.34 USD to 16.36 USD. This morning it is trading at 16.33 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.53 - 16.54 USD, the aim will be reaching and testing the zone 16.7 - 16.71 USD. If it is successful, the upward trend will continue to 16.89 - 16.9 USD. If the precious metal drops below the support levels at 16.18 - 16.17 USD, it will try to find next support at 15.98 - 15.98 USD. In case of breaking down, the downward trend will continue to 15.82 - 15.81 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1425.00 USD to 1417.18 USD. This morning it is trading at 1416.69 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1425.13 - 1426.74 USD, the aim will be reaching and testing the zone 1435.49 - 1436.3 USD. If it is successful, the upward trend will continue to 1441.02 - 1442.63 USD. If the precious metal drops below the support levels at 1410.85 - 1409.24 USD, it will try to find next support at 1404.52 - 1403.71 USD. In case of breaking down, the downward trend will continue to 1394.96 - 1393.35 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures raised their value from 56.16 USD to 57.15 USD per barrel. This morning they are trading at 57.08 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 57.81 - 58 USD, the aim will be reaching and testing the zone 58.47 - 58.57 USD. If it is successful, the upward trend will continue to 59.51 - 59.71 USD. If the Crude Oil futures drop below the support levels at 56.3 - 56.11 USD, they will try to find next support at 55.16 - 55.06 USD. In case of breaking down, the downward trend will continue to 54.6 - 54.4 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3116 CAD to 1.3131 CAD. This morning the currency pair is trading at 1.3134 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3157 - 1.3159 CAD, the aim will be reaching and testing the zone 1.3186 - 1.3187 CAD. If it is successful, the upward trend will continue to 1.3209 - 1.3211 CAD. If USD drops below the support levels at 1.3107 - 1.3105 CAD, it will try to find next support at 1.3083 - 1.3082 CAD. In case of breaking down, the downward trend will continue to 1.3056 - 1.3054 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.7034 USD to 0.7004 USD. This morning the currency pair is trading at 0.7001 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7024 - 0.7027 USD, the aim will be reaching and testing the zone 0.7049 - 0.7051 USD. If it is successful, the upward trend will continue to 0.7064 - 0.7067 USD. If Australian dollar drops below the support levels at 0.6988 - 0.6984 USD, it will try to find next support at 0.6971 - 0.6969 USD. In case of breaking down, the downward trend will continue to 0.6948 - 0.6944 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 107.85 JPY to 108.1990 JPY. This morning the currency pair is trading at 108.21 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 108.38 - 108.43 JPY, the aim will be reaching and testing the zone 108.56 - 108.58 JPY. If it is successful, the upward trend will continue to 108.84 - 108.89 JPY. If USD drops below the support levels at 107.97 - 107.92 JPY, it will try to find next support at 107.66 - 107.64 JPY. In case of breaking down, the downward trend will continue to 107.51 - 107.46 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.2473 USD to 1.2438 USD. This morning the currency pair is trading at 1.2436 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.247 - 1.2473 USD, the aim will be reaching and testing the zone 1.2507 - 1.2509 USD. If it is successful, the upward trend will continue to 1.2533 - 1.2537 USD. If GBP drops below the support levels at 1.241 - 1.2406 USD, it will try to find next support at 1.2381 - 1.238 USD. In case of breaking down, the downward trend will continue to 1.2346 - 1.2342 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9819 CHF to 0.9851 CHF. This morning the currency pair is trading at 0.9850 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9868 - 0.9873 CHF, the aim will be reaching and testing the zone 0.9884 - 0.9887 CHF. If it is successful, the upward trend will continue to 0.991 - 0.9915 CHF. If USD drops below the support levels at 0.983 - 0.9825 CHF, it will try to find next support at 0.9802 - 0.9799 CHF. In case of breaking down, the downward trend will continue to 0.9788 - 0.9783 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1208 USD to 1.1152 USD. This morning the currency pair is trading at 1.1152 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1183 - 1.1192 USD, the aim will be reaching and testing the zone 1.1228 - 1.1233 USD. If it is successful, the trend will continue to 1.1247 - 1.1256 USD. If euro drops below the support levels at 1.1128 - 1.112 USD, it will try to find next support at 1.1105 - 1.11 USD. In case of breaking down, the downward trend will continue to 1.1064 - 1.1056 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.