Analysis

Daily Analysis of DAX

During the trading hours yesterday, the DAX raised its value from 12231.6 to 12341.5 points. This morning the index is traded at 12343.8. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12396.6 - 12421.3 points, the aim will be reaching and testing the zone 12451.7 - 12464.1. If it is successful, the upward trend will continue to 12556.2 - 12580.9 points. If the DAX drops below the support levels at 12261.7 - 12237.1, it will try to find next support at 12144.9 - 12132.5. In case of breaking down, the downward trend will continue to 12102.1 - 12077.4 points.

Daily Analysis of Silver

During the trading hours yesterday, the Silver lowered its value from 16.30 USD to 16.18 USD. This morning it is trading at 16.22 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.30 - 16.31 USD, the aim will be reaching and testing the zone 16.43 - 16.44 USD. If it is successful, the upward trend will continue to 16.53 - 16.54 USD. If the precious metal drops below the support levels at 16.08 - 16.07 USD, it will try to find next support at 15.98 - 15.97 USD. In case of breaking down, the downward trend will continue to 15.73 - 15.71 USD.

Daily Analysis of Gold

During the trading hours yesterday, the Spot Gold lowered its value from 1316.79 USD to 1311.06 USD. This morning it is trading at 1313.28 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1316.61 - 1317.13 USD, the aim will be reaching and testing the zone 1322.94 - 1323.21 USD. If it is successful, the upward trend will continue to 1327.71 - 1328.23 USD. If the precious metal drops below the support levels at 1306.03 - 1305.51 USD, it will try to find next support at 1301.02 - 1300.74 USD. In case of breaking down, the downward trend will continue to 1294.93 - 1294.41 USD.

Daily Analysis of Crude Oil

During the trading hours yesterday, the May Crude Oil futures raised their value from 62.16 USD to 63.71 USD per barrel. This morning they are trading at 63.56 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 64.41 - 64.63 USD, the aim will be reaching and testing the zone 65.10 - 65.21 USD. If it is successful, the upward trend will continue to 66.24 - 66.47 USD. If the Crude Oil futures drop below the support levels at 62.79 - 62.56 USD, they will try to find next support at 61.53 - 61.42 USD. In case of breaking down, the downward trend will continue to 60.95 - 60.72 USD.

Daily Analysis of USD/CAD

During the trading hours yesterday, the US dollar lowered its value from 1.3081 CAD to 1.3073 CAD. This morning the currency pair is trading at 1.3025 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3098 - 1.3101 CAD, the aim will be reaching and testing the zone 1.3125 - 1.3126 CAD. If it is successful, the upward trend will continue to 1.3148 - 1.3151 CAD. If USD drops below the support levels at 1.3049 - 1.3048 CAD, it will try to find next support at 1.3025 - 1.3025 CAD. In case of breaking down, the downward trend will continue to 1.2999 - 1.2997 CAD.

Daily Analysis of AUD/USD

During the trading hours yesterday, the Australian dollar lowered its value from 0.7714 USD to 0.7683 USD. This morning the currency pair is trading at 0.7695 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7705 - 0.7711 USD, the aim will be reaching and testing the zone 0.7734 - 0.7737 USD. If it is successful, the upward trend will continue to 0.7748 - 0.7753 USD. If Australian dollar drops below the support levels at 0.7667 - 0.7662 USD, it will try to find next support at 0.7650 - 0.7648 USD. In case of breaking down, the downward trend will continue to 0.7624 - 0.7618 USD.

Daily Analysis of USD/JPY

During the trading hours yesterday, the US dollar raised its value from 106.02 JPY to 106.52 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 106.78 - 106.87 JPY, the aim will be reaching and testing the zone 107.03 - 107.08 JPY. If it is successful, the upward trend will continue to 107.46 - 107.55 JPY. If USD drops below the support levels at 106.18 - 106.09 JPY, it will try to find next support at 105.71 - 105.66 JPY. In case of breaking down, the downward trend will continue to 105.51 - 105.41 JPY.

Daily Analysis of GBP/USD

During the trading hours yesterday, the pound lowered its value from 1.4024 USD to 1.4001 USD. This morning the currency pair is trading at 1.4006 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.4042 - 1.4051 USD, the aim will be reaching and testing the zone 1.4096 - 1.4099 USD. If it is successful, the upward trend will continue to 1.4125 - 1.4133 USD. If GBP drops below the support levels at 1.3967 - 1.3959 USD, it will try to find next support at 1.3933 - 1.3929 USD. In case of breaking down, the downward trend will continue to 1.3884 - 1.3876 USD.

Daily Analysis of USD/CHF

During the trading hours yesterday, the US dollar raised its value from 0.9512 CHF to 0.9564 CHF. This morning the currency pair is trading at 0.9569 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9588 - 0.9598 CHF, the aim will be reaching and testing the zone 0.9612 - 0.9617 CHF. If it is successful, the upward trend will continue to 0.9656 - 0.9665 CHF. If USD drops below the support levels at 0.9531 - 0.9521 CHF, it will try to find next support at 0.9482 - 0.9477 CHF. In case of breaking down, the downward trend will continue to 0.9463 - 0.9453 CHF.

Daily Analysis of EUR/USD

During the trading hours yesterday, the euro lowered its value from 1.2334 USD to 1.2244 USD. This morning the currency pair is trading at 1.2262 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.2301 - 1.2319 USD, the aim will be reaching and testing the zone 1.2385 - 1.2394 USD. If it is successful, the trend will continue to 1.2416 - 1.2434 USD. If euro drops below the support levels at 1.2204 - 1.2186 USD, it will try to find next support at 1.2164 - 1.2155 USD. In case of breaking down, the downward trend will continue to 1.2088 - 1.2071 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.