Analysis

Daily Analysis of DAX

During the trading hours on Friday, the DAX raised its value from 12471.7 to 12553.9 points. This morning the index is traded at 12534.0. According to the analysis of Trading212, if the German leading index breaks the resistance levels at 12618.8 - 12625.3 points, the aim will be reaching and testing the zone 12683.7 - 12687. If it is successful, the upward trend will continue to 12761.6 - 12768.1 points. If the DAX drops below the support levels at 12482.5 - 12476, it will try to find next support at 12401.4 - 12398.1. In case of breaking down, the downward trend will continue to 12339.7 - 12333.2 points.

Daily Analysis of Silver

During the trading hours on Friday, the Silver raised its value from 16.29 USD to 16.41 USD. This morning it is trading at 16.29 USD. According to the analysis of Trading212, if spot Silver breaks the resistance levels at 16.49 - 16.51 USD, the aim will be reaching and testing the zone 16.58 - 16.58 USD. If it is successful, the upward trend will continue to 16.68 - 16.69 USD. If the precious metal drops below the support levels at 16.32 - 16.31 USD, it will try to find next support at 16.21 - 16.21 USD. In case of breaking down, the downward trend will continue to 16.14 - 16.13 USD.

Daily Analysis of Gold

During the trading hours on Friday, the Spot Gold raised its value from 1266.45 USD to 1269.23 USD. This morning it is trading at 1264.73 USD. According to the analysis of Trading212, if spot Gold breaks the resistance levels at 1271.32 - 1271.5 USD, the aim will be reaching and testing the zone 1273.42 - 1273.5 USD. If it is successful, the upward trend will continue to 1275.85 - 1276.03 USD. If the precious metal drops below the support levels at 1266.97 - 1266.79 USD, it will try to find next support at 1264.44 - 1264.36 USD. In case of breaking down, the downward trend will continue to 1262.44 - 1262.26 USD.

Daily Analysis of Crude Oil

During the trading hours on Friday, the August Crude Oil futures raised their value from 65.86 USD to 69.20 USD per barrel. This morning they are trading at 68.33 USD. According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 70.46 - 71.02 USD, the aim will be reaching and testing the zone 71.73 - 72.01 USD. If it is successful, the upward trend will continue to 74.11 - 74.66 USD. If the Crude Oil futures drop below the support levels at 67.37 - 66.82 USD, they will try to find next support at 64.72 - 64.44 USD. In case of breaking down, the downward trend will continue to 63.73 - 63.17 USD.

Daily Analysis of USD/CAD

During the trading hours on Friday, the US dollar lowered its value from 1.3311 CAD to 1.3259 CAD. This morning the currency pair is trading at 1.3299 CAD. According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.3320 - 1.3341 CAD, the aim will be reaching and testing the zone 1.3412 - 1.3422 CAD. If it is successful, the upward trend will continue to 1.3443 - 1.3463 CAD. If USD drops below the support levels at 1.3218 - 1.3198 CAD, it will try to find next support at 1.3177 - 1.3167 CAD. In case of breaking down, the downward trend will continue to 1.3096 - 1.3075 CAD.

Daily Analysis of AUD/USD

During the trading hours on Friday, the Australian dollar raised its value from 0.7372 USD to 0.7440 USD. This morning the currency pair is trading at 0.7417 USD. According to the analysis of Trading212, if Australian dollar breaks the resistance levels at 0.7465 - 0.7475 USD, the aim will be reaching and testing the zone 0.7490 - 0.7495 USD. If it is successful, the upward trend will continue to 0.7536 - 0.7546 USD. If Australian dollar drops below the support levels at 0.7404 - 0.7393 USD, it will try to find next support at 0.7352 - 0.7347 USD. In case of breaking down, the downward trend will continue to 0.7333 - 0.7322 USD.

Daily Analysis of USD/JPY

During the trading hours on Friday, the US dollar raised its value from 109.97 JPY to 109.97 JPY. This morning the currency pair is trading at 109.45 JPY. According to the analysis of Trading212, if US dollar breaks the resistance levels at 110.18 - 110.19 JPY, the aim will be reaching and testing the zone 110.41 - 110.41 JPY. If it is successful, the upward trend will continue to 110.60 - 110.61 JPY. If USD drops below the support levels at 109.77 - 109.76 JPY, it will try to find next support at 109.57 - 109.57 JPY. In case of breaking down, the downward trend will continue to 109.35 - 109.34 JPY.

Daily Analysis of GBP/USD

During the trading hours on Friday, the pound raised its value from 1.3239 USD to 1.3263 USD. This morning the currency pair is trading at 1.3250 USD. According to the analysis of Trading212, if GBP breaks the resistance levels at 1.3303 - 1.3307 USD, the aim will be reaching and testing the zone 1.3348 - 1.3350 USD. If it is successful, the upward trend will continue to 1.3383 - 1.3386 USD. If GBP drops below the support levels at 1.3227 - 1.3223 USD, it will try to find next support at 1.3191 - 1.3189 USD. In case of breaking down, the downward trend will continue to 1.3147 - 1.3143 USD.

Daily Analysis of USD/CHF

During the trading hours on Friday, the US dollar lowered its value from 0.9918 CHF to 0.9876 CHF. This morning the currency pair is trading at 0.9886 CHF. According to the analysis of Trading212, if US dollar breaks the resistance levels at 0.9901 - 0.9908 CHF, the aim will be reaching and testing the zone 0.9937 - 0.9941 CHF. If it is successful, the upward trend will continue to 0.9951 - 0.9958 CHF. If USD drops below the support levels at 0.9858 - 0.9851 CHF, it will try to find next support at 0.9840 - 0.9837 CHF. In case of breaking down, the downward trend will continue to 0.9808 - 0.9801 CHF.

Daily Analysis of EUR/USD

During the trading hours on Friday, the euro raised its value from 1.1602 USD to 1.1657 USD. This morning the currency pair is trading at 1.1638 USD. According to the analysis of Trading212, if euro breaks the resistance levels at 1.1688 - 1.1695 USD, the aim will be reaching and testing the zone 1.1720 - 1.1723 USD. If it is successful, the trend will continue to 1.1764 - 1.1771 USD. If euro drops below the support levels at 1.1619 - 1.1612 USD, it will try to find next support at 1.1571 - 1.1567 USD. In case of breaking down, the downward trend will continue to 1.1543 - 1.1536 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.