Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12230.9 to 12351.5 points. This morning the index is traded at 12376.3. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12411.5 - 12433.9 points, the aim will be reaching and testing the zone 12471.6 - 12482.8. If it is successful, the upward trend will continue to 12576.3 - 12598.7 points. If the DAX drops below the support levels at 12269.1 - 12246.7, it will try to find next support at 12153.2 - 12142. In case of breaking down, the downward trend will continue to 12104.3 - 12081.9 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver raised its value from 14.22 USD to 14.28 USD. This morning it is trading at 14.36 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 14.34 - 14.36 USD, the aim will be reaching and testing the zone 14.41 - 14.42 USD. If it is successful, the upward trend will continue to 14.5 - 14.52 USD. If the precious metal drops below the support levels at 14.2 - 14.18 USD, it will try to find next support at 14.1 - 14.09 USD. In case of breaking down, the downward trend will continue to 14.04 - 14.02 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold raised its value from 1203.64 USD to 1206.87 USD. This morning it is trading at 1208.77 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1209.77 - 1210.47 USD, the aim will be reaching and testing the zone 1212.67 - 1213.02 USD. If it is successful, the upward trend will continue to 1216.97 - 1217.67 USD. If the precious metal drops below the support levels at 1203.27 - 1202.57 USD, it will try to find next support at 1198.62 - 1198.27 USD. In case of breaking down, the downward trend will continue to 1196.07 - 1195.37 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the October Crude Oil futures lowered their value from 70.95 USD to 70.17 USD per barrel. This morning they are trading at 70.22 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 70.83 - 70.99 USD, the aim will be reaching and testing the zone 71.73 - 71.81 USD. If it is successful, the upward trend will continue to 72.14 - 72.3 USD. If the Crude Oil futures drop below the support levels at 69.68 - 69.52 USD, they will try to find next support at 69.19 - 69.11 USD. In case of breaking down, the downward trend will continue to 68.37 - 68.21 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.2916 CAD to 1.2901 CAD. This morning the currency pair is trading at 1.2901 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.2925 - 1.2927 CAD, the aim will be reaching and testing the zone 1.2953 - 1.2954 CAD. If it is successful, the upward trend will continue to 1.2973 - 1.2975 CAD. If USD drops below the support levels at 1.2879 - 1.2877 CAD, it will try to find next support at 1.2857 - 1.2856 CAD. In case of breaking down, the downward trend will continue to 1.2831 - 1.2828 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar raised its value from 0.7260 USD to 0.7290 USD. This morning the currency pair is trading at 0.7294 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7304 - 0.731 USD, the aim will be reaching and testing the zone 0.7318 - 0.7321 USD. If it is successful, the upward trend will continue to 0.7344 - 0.735 USD. If Australian dollar drops below the support levels at 0.727 - 0.7264 USD, it will try to find next support at 0.7242 - 0.7239 USD. In case of breaking down, the downward trend will continue to 0.7231 - 0.7225 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 112.26 JPY to 112.4820 JPY. This morning the currency pair is trading at 112.76 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 112.69 - 112.75 JPY, the aim will be reaching and testing the zone 112.91 - 112.94 JPY. If it is successful, the upward trend will continue to 113.24 - 113.3 JPY. If USD drops below the support levels at 112.21 - 112.15 JPY, it will try to find next support at 111.85 - 111.82 JPY. In case of breaking down, the downward trend will continue to 111.67 - 111.61 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound raised its value from 1.3138 USD to 1.3265 USD. This morning the currency pair is trading at 1.3274 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3331 - 1.3347 USD, the aim will be reaching and testing the zone 1.3397 - 1.3405 USD. If it is successful, the upward trend will continue to 1.3496 - 1.3512 USD. If GBP drops below the support levels at 1.3182 - 1.3166 USD, it will try to find next support at 1.3075 - 1.3067 USD. In case of breaking down, the downward trend will continue to 1.3017 - 1.3001 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar lowered its value from 0.9670 CHF to 0.9589 CHF. This morning the currency pair is trading at 0.9586 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9633 - 0.9648 CHF, the aim will be reaching and testing the zone 0.97 - 0.9707 CHF. If it is successful, the upward trend will continue to 0.9723 - 0.9737 CHF. If USD drops below the support levels at 0.9558 - 0.9544 CHF, it will try to find next support at 0.9528 - 0.9521 CHF. In case of breaking down, the downward trend will continue to 0.9469 - 0.9455 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro raised its value from 1.1671 USD to 1.1776 USD. This morning the currency pair is trading at 1.1783 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1818 - 1.1834 USD, the aim will be reaching and testing the zone 1.1859 - 1.1867 USD. If it is successful, the trend will continue to 1.1933 - 1.195 USD. If euro drops below the support levels at 1.1719 - 1.1702 USD, it will try to find next support at 1.1636 - 1.1627 USD. In case of breaking down, the downward trend will continue to 1.1603 - 1.1586 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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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.