Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX lowered its value from 12852.1 to 12724.0 points. This morning the index is traded at 12755.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12857.5 - 12858.0 points, the aim will be reaching and testing the zone 12991.7 - 12991.9. If it is successful, the upward trend will continue to 13124.4 - 13124.9 points. If the DAX drops below the support levels at 12591.1 - 12590.6, it will try to find next support at 12458.1 - 12457.9. In case of breaking down, the downward trend will continue to 12324.2 - 12323.7 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver lowered its value from 16.45 USD to 16.28 USD. This morning it is trading at 16.33 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.43 - 16.46 USD, the aim will be reaching and testing the zone 16.62 - 16.64 USD. If it is successful, the upward trend will continue to 16.72 - 16.76 USD. If the precious metal drops below the support levels at 16.16 - 16.13 USD, it will try to find next support at 16.05 - 16.03 USD. In case of breaking down, the downward trend will continue to 15.86 - 15.83 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1278.08 USD to 1274.32 USD. This morning it is trading at 1273.83 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1281.12 - 1282.04 USD, the aim will be reaching and testing the zone 1289.29 - 1289.75 USD. If it is successful, the upward trend will continue to 1294.71 - 1295.63 USD. If the precious metal drops below the support levels at 1268.45 - 1267.53 USD, it will try to find next support at 1262.57 - 1262.11 USD. In case of breaking down, the downward trend will continue to 1254.86 - 1253.94 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the August Crude Oil futures lowered their value from 65.68 USD to 64.88 USD per barrel. This morning they are trading at 65.21 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 65.62 - 65.65 USD, the aim will be reaching and testing the zone 66.41 - 66.42 USD. If it is successful, the upward trend will continue to 67.12 - 67.14 USD. If the Crude Oil futures drop below the support levels at 64.16 - 64.13 USD, they will try to find next support at 63.44 - 63.42 USD. In case of breaking down, the downward trend will continue to 62.66 - 62.63 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3200 CAD to 1.3284 CAD. This morning the currency pair is trading at 1.3282 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3318 - 1.3332 CAD, the aim will be reaching and testing the zone 1.3352 - 1.3359 CAD. If it is successful, the upward trend will continue to 1.3414 - 1.3427 CAD. If USD drops below the support levels at 1.3236 - 1.3222 CAD, it will try to find next support at 1.3168 - 1.3161 CAD. In case of breaking down, the downward trend will continue to 1.3140 - 1.3127 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.7419 USD to 0.7377 USD. This morning the currency pair is trading at 0.7397 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7417 - 0.7420 USD, the aim will be reaching and testing the zone 0.7461 - 0.7463 USD. If it is successful, the upward trend will continue to 0.7496 - 0.7500 USD. If Australian dollar drops below the support levels at 0.7340 - 0.7337 USD, it will try to find next support at 0.7304 - 0.7302 USD. In case of breaking down, the downward trend will continue to 0.7260 - 0.7257 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 110.54 JPY to 110.05 JPY. This morning the currency pair is trading at 110.18 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 110.56 - 110.56 JPY, the aim will be reaching and testing the zone 111.07 - 111.07 JPY. If it is successful, the upward trend will continue to 111.58 - 111.58 JPY. If USD drops below the support levels at 109.54 - 109.54 JPY, it will try to find next support at 109.03 - 109.03 JPY. In case of breaking down, the downward trend will continue to 108.52 - 108.52 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.3241 USD to 1.3172 USD. This morning the currency pair is trading at 1.3164 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3233 - 1.3246 USD, the aim will be reaching and testing the zone 1.3313 - 1.3320 USD. If it is successful, the upward trend will continue to 1.3354 - 1.3367 USD. If GBP drops below the support levels at 1.3124 - 1.3111 USD, it will try to find next support at 1.3076 - 1.3070 USD. In case of breaking down, the downward trend will continue to 1.3002 - 1.2989 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.9951 CHF to 0.9939 CHF. This morning the currency pair is trading at 0.9959 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9969 - 0.9971 CHF, the aim will be reaching and testing the zone 1.0003 - 1.0004 CHF. If it is successful, the upward trend will continue to 1.0028 - 1.0031 CHF. If USD drops below the support levels at 0.9912 - 0.9909 CHF, it will try to find next support at 0.9885 - 0.9883 CHF. In case of breaking down, the downward trend will continue to 0.9852 - 0.9849 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.1622 USD to 1.1587 USD. This morning the currency pair is trading at 1.1576 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1644 - 1.1644 USD, the aim will be reaching and testing the zone 1.1701 - 1.1701 USD. If it is successful, the trend will continue to 1.1758 - 1.1758 USD. If euro drops below the support levels at 1.1530 - 1.1530 USD, it will try to find next support at 1.1473 - 1.1473 USD. In case of breaking down, the downward trend will continue to 1.1416 - 1.1416 USD.

This information does not represent investment advice, recommendation, or inducement to buy or sell financial instruments. Trading 212 accepts no responsibility 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 his or her own risk. Please be advised that trading CFDs involves a significant risk of loss.

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Investments can fall and rise. You may get back less than you invest. CFDs are higher risk because of leverage. Be sure you understand the risks.
Risk warning
Investments can fall and rise. You may get back less than you invest. CFDs are higher risk because of leverage. Be sure you understand the risks.