Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12413.5 to 12585.5 points. This morning the index is traded at 12609.5. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12667.6 - 12691.3 points, the aim will be reaching and testing the zone 12749.7 - 12761.5. If it is successful, the upward trend will continue to 12879.1 - 12902.8 points. If the DAX drops below the support levels at 12479.8 - 12456.1, it will try to find next support at 12338.5 - 12326.7. In case of breaking down, the downward trend will continue to 12268.3 - 12244.6 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 16.65 USD to 16.75 USD. This morning it is trading at 16.73 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.84 - 16.86 USD, the aim will be reaching and testing the zone 16.92 - 16.93 USD. If it is successful, the upward trend will continue to 17.05 - 17.07 USD. If the precious metal drops below the support levels at 16.65 - 16.62 USD, it will try to find next support at 16.5 - 16.49 USD. In case of breaking down, the downward trend will continue to 16.43 - 16.41 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1345.33 USD to 1347.15 USD. This morning it is trading at 1344.24 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1351.73 - 1352.98 USD, the aim will be reaching and testing the zone 1356.3 - 1356.93 USD. If it is successful, the upward trend will continue to 1363.39 - 1364.64 USD. If the precious metal drops below the support levels at 1341.32 - 1340.07 USD, it will try to find next support at 1333.61 - 1332.98 USD. In case of breaking down, the downward trend will continue to 1329.66 - 1328.41 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the May Crude Oil futures raised their value from 66.36 USD to 66.62 USD per barrel. This morning they are trading at 66.82 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 67.01 - 67.18 USD, the aim will be reaching and testing the zone 67.41 - 67.49 USD. If it is successful, the upward trend will continue to 68.13 - 68.3 USD. If the Crude Oil futures drop below the support levels at 66.06 - 65.89 USD, they will try to find next support at 65.25 - 65.17 USD. In case of breaking down, the downward trend will continue to 64.94 - 64.77 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.2563 CAD to 1.2548 CAD. This morning the currency pair is trading at 1.2565 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.2574 - 1.2576 CAD, the aim will be reaching and testing the zone 1.2602 - 1.2603 CAD. If it is successful, the upward trend will continue to 1.2626 - 1.2628 CAD. If USD drops below the support levels at 1.2524 - 1.2522 CAD, it will try to find next support at 1.2499 - 1.2498 CAD. In case of breaking down, the downward trend will continue to 1.2472 - 1.247 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.7777 USD to 0.7762 USD. This morning the currency pair is trading at 0.7767 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7778 - 0.7782 USD, the aim will be reaching and testing the zone 0.78 - 0.7802 USD. If it is successful, the upward trend will continue to 0.781 - 0.7814 USD. If Australian dollar drops below the support levels at 0.775 - 0.7746 USD, it will try to find next support at 0.7739 - 0.7737 USD. In case of breaking down, the downward trend will continue to 0.7719 - 0.7714 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 107.10 JPY to 106.9960 JPY. This morning the currency pair is trading at 107.29 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 107.16 - 107.18 JPY, the aim will be reaching and testing the zone 107.35 - 107.36 JPY. If it is successful, the upward trend will continue to 107.5 - 107.51 JPY. If USD drops below the support levels at 106.84 - 106.83 JPY, it will try to find next support at 106.69 - 106.68 JPY. In case of breaking down, the downward trend will continue to 106.51 - 106.5 JPY.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 107.10 JPY to 106.9960 JPY. This morning the currency pair is trading at 107.29 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 107.16 - 107.18 JPY, the aim will be reaching and testing the zone 107.35 - 107.36 JPY. If it is successful, the upward trend will continue to 107.5 - 107.51 JPY. If USD drops below the support levels at 106.84 - 106.83 JPY, it will try to find next support at 106.69 - 106.68 JPY. In case of breaking down, the downward trend will continue to 106.51 - 106.5 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.4336 USD to 1.4286 USD. This morning the currency pair is trading at 1.4302 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.4333 - 1.4347 USD, the aim will be reaching and testing the zone 1.4401 - 1.4408 USD. If it is successful, the upward trend will continue to 1.4427 - 1.4441 USD. If GBP drops below the support levels at 1.4253 - 1.4239 USD, it will try to find next support at 1.4221 - 1.4214 USD. In case of breaking down, the downward trend will continue to 1.416 - 1.4145 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. 80% 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.
80% 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. 80% 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.
80% 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.