Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX lowered its value from 11805.0 to 11756.3 points. This morning the index is traded at 11750.7. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 11826.8 - 11835.4 points, the aim will be reaching and testing the zone 11910.3 - 11914.6. If it is successful, the upward trend will continue to 11967.8 - 11976.4 points. If the DAX drops below the support levels at 11694.4 - 11685.8, it will try to find next support at 11632.6 - 11628.3. In case of breaking down, the downward trend will continue to 11553.4 - 11544.8 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver lowered its value from 17.11 USD to 17.02 USD. This morning it is trading at 17.01 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 17.12 - 17.12 USD, the aim will be reaching and testing the zone 17.22 - 17.22 USD. If it is successful, the upward trend will continue to 17.32 - 17.32 USD. If the precious metal drops below the support levels at 16.92 - 16.91 USD, it will try to find next support at 16.82 - 16.82 USD. In case of breaking down, the downward trend will continue to 16.71 - 16.71 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1502.64 USD to 1497.64 USD. This morning it is trading at 1497.46 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1503.71 - 1503.97 USD, the aim will be reaching and testing the zone 1510.17 - 1510.3 USD. If it is successful, the upward trend will continue to 1515.84 - 1516.1 USD. If the precious metal drops below the support levels at 1491.84 - 1491.58 USD, it will try to find next support at 1486.04 - 1485.91 USD. In case of breaking down, the downward trend will continue to 1479.71 - 1479.45 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the October Crude Oil futures lowered their value from 55.88 USD to 55.36 USD per barrel. This morning they are trading at 55.41 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 56.16 - 56.25 USD, the aim will be reaching and testing the zone 57.1 - 57.14 USD. If it is successful, the upward trend will continue to 57.76 - 57.85 USD. If the Crude Oil futures drop below the support levels at 54.65 - 54.56 USD, they will try to find next support at 53.94 - 53.9 USD. In case of breaking down, the downward trend will continue to 53.05 - 52.96 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar raised its value from 1.3287 CAD to 1.3300 CAD. This morning the currency pair is trading at 1.3295 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3318 - 1.332 CAD, the aim will be reaching and testing the zone 1.3336 - 1.3337 CAD. If it is successful, the upward trend will continue to 1.3358 - 1.336 CAD. If USD drops below the support levels at 1.328 - 1.3278 CAD, it will try to find next support at 1.3257 - 1.3256 CAD. In case of breaking down, the downward trend will continue to 1.324 - 1.3238 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.6779 USD to 0.6756 USD. This morning the currency pair is trading at 0.6757 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.6774 - 0.6778 USD, the aim will be reaching and testing the zone 0.6798 - 0.68 USD. If it is successful, the upward trend will continue to 0.681 - 0.6814 USD. If Australian dollar drops below the support levels at 0.6742 - 0.6738 USD, it will try to find next support at 0.6728 - 0.6726 USD. In case of breaking down, the downward trend will continue to 0.6705 - 0.6701 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar lowered its value from 106.60 JPY to 106.4110 JPY. This morning the currency pair is trading at 106.43 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 106.61 - 106.62 JPY, the aim will be reaching and testing the zone 106.83 - 106.84 JPY. If it is successful, the upward trend will continue to 107.02 - 107.03 JPY. If USD drops below the support levels at 106.22 - 106.21 JPY, it will try to find next support at 106.03 - 106.02 JPY. In case of breaking down, the downward trend will continue to 105.82 - 105.81 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.2121 USD to 1.2250 USD. This morning the currency pair is trading at 1.2249 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.2312 - 1.2332 USD, the aim will be reaching and testing the zone 1.2374 - 1.2384 USD. If it is successful, the upward trend will continue to 1.2476 - 1.2496 USD. If GBP drops below the support levels at 1.2168 - 1.2148 USD, it will try to find next support at 1.2056 - 1.2046 USD. In case of breaking down, the downward trend will continue to 1.2003 - 1.1983 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9824 CHF to 0.9836 CHF. This morning the currency pair is trading at 0.9835 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9849 - 0.9851 CHF, the aim will be reaching and testing the zone 0.9861 - 0.9862 CHF. If it is successful, the upward trend will continue to 0.9879 - 0.9882 CHF. If USD drops below the support levels at 0.9821 - 0.9818 CHF, it will try to find next support at 0.9802 - 0.98 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 yesterday, the euro lowered its value from 1.1084 USD to 1.1079 USD. This morning the currency pair is trading at 1.1081 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1104 - 1.1107 USD, the aim will be reaching and testing the zone 1.1133 - 1.1135 USD. If it is successful, the trend will continue to 1.1153 - 1.1156 USD. If euro drops below the support levels at 1.1057 - 1.1054 USD, it will try to find next support at 1.1035 - 1.1034 USD. In case of breaking down, the downward trend will continue to 1.1008 - 1.1005 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.