Morning market review - Friday, July 17, 2026

On the daily chart, Bitcoin (BTCUSD) is in a downtrend since the peak of around 100,000 USD. The current level is around 62,808 USD, with a noticeable decline over the last few days. Support is around 60,000 USD, while resistance can be seen around 66,000 USD. Moving averages indicate a continuation of the downtrend, and the volume remains at a moderate level. The market seems to be in a consolidation phase after recent declines, which may lead to further attempts to test lower levels.

On the 4-hour chart of BTCUSD, we observe a formation of lower highs and lower lows, confirming a short-term downtrend. The price is approaching local support at the level of 62,000 USD. Technical indicators such as MACD and RSI indicate possible oversold conditions, which may suggest a short-term rebound. However, the lack of a clear trend reversal signal suggests caution when opening long positions.

Analyzing the hourly chart, BTCUSD continues to decline, with the current price at 62,800 USD. The last few hours have brought increased volatility, with visible candles having long lower wicks, which may suggest attempts to bounce off support levels. Key support is visible at 62,500 USD, and resistance at 63,500 USD. Technical indicators suggest possible overselling, which could lead to a short-term upward correction.

In the short-term 15-minute perspective, Bitcoin is in a volatility zone, with the last candle closing above 62,800 USD. Volume remains low, and technical indicators suggest possible consolidation in the range of 62,500 - 63,000 USD. Short-term support is at 62,700 USD, while resistance is visible at 63,000 USD. Investors can expect fluctuations within this range.

Options data for the IBIT ETF shows a very bullish sentiment, with a put/call ratio of 0.44, indicating a preference for call options. Open interest in call options is significantly higher, especially for strikes of 45 USD and 50 USD, suggesting expectations for increases. Max pain is at 37 USD, which may indicate potential price attraction to this level in the long term. Overall, the options sentiment is positive, despite short-term downward pressure.

Bitcoin is in a downtrend with visible selling pressure. Key support is at 60,000 USD, and resistance is at 66,000 USD. Short-term indicators suggest a possible rebound, but the overall sentiment remains negative. The options sentiment is very bullish, which may suggest a potential rebound in the longer term. Investors should monitor levels of 62,500 and 63,500 USD and exercise caution in the context of market volatility.

On the daily chart of Ethereum (ETHUSD), the price oscillates around 1830 USD, which means a decrease of 1.74%. Consolidation is visible after the previous upward movement, but the current momentum is downward. Key support is located around 1750 USD, and resistance at 2000 USD. The current formation may suggest further weakening if the support level is not maintained. Technical indicators may indicate the possibility of a short-term correction, but the overall trend remains uncertain.

On the 4-hour chart, a decline is visible from a level of around 1900 USD to the current 1830 USD. The current trend is downward, and the price is below key moving averages, suggesting further weakening. The nearest support is at 1800 USD, and resistance is visible at 1880 USD. If the current support is broken, a further decline is possible.

The hourly chart shows a continuation of the declines from the level of 1850 USD to 1830 USD. Lower highs and lows are observed, confirming the downward trend. The nearest support is at 1820 USD, and resistance is at 1850 USD. The current sentiment is negative, and a break of support may lead to further declines.

On the 15-minute chart, the price oscillates around 1830 USD with slight downward pressure. Short-term support is at 1825 USD, and resistance is at 1840 USD. The current price action is fluctuating, which may indicate consolidation before further movement. Technical indicators suggest a possible attempt to bounce, but the overall trend remains bearish.

Current options data indicates a very positive sentiment with a low put/call ratio of 0.13. Key call levels are above the current price, with the highest interest at $14 and $15. On the put side, the largest open positions are at $10. Max pain is at $10, suggesting a possibility of a short-term drop towards this level, although the overall options sentiment is bullish.

The current bias for Ethereum is neutral to slightly negative due to the downward pressure visible on the charts. Key levels to watch are support at 1800 USD and resistance at 1850 USD. Options data indicates bullish sentiment, but the current price action suggests caution. A break of support may lead to further declines, while a bounce from this level may suggest an upward correction.

On the daily chart, gold XAUUSD has been in a downtrend since the beginning of the year, with a clear series of lower highs and lows. Currently, the price is consolidating around 4000 USD, which is a key support level. Technical indicators, such as RSI, suggest possible oversold conditions, but there are no reversal signals. The nearest support is at 3900 USD, while resistance is at 4100 USD. Staying below 4000 USD may indicate further declines.

On the 4-hour chart, a short-term consolidation is visible in the range of 3950-4050 USD. The price is currently testing the lower boundary of this range with increased volume. A break of support at 3950 USD could lead to further declines towards 3900 USD. Technical indicators such as MACD indicate a continuation of the downward trend, but RSI shows an approaching oversold area.

The hourly chart shows that gold XAUUSD is oscillating in a narrow range of 3970-4000 USD. The current price is closer to the lower boundary of this range with increasing volume, which may indicate a possible downward movement. Momentum indicators are neutral, which may suggest a lack of clear direction in the short term. Key levels to watch are 3970 USD as support and 4000 USD as resistance.

On the 15-minute chart, consolidation is visible in the range of 3980-4000 USD. The price has just tested the lower support at 3980 USD, which may lead to a short-term bounce upwards. However, the lack of clear volume indicates a possible continuation of sideways movement. Key levels to watch are 3980 USD as support and 4000 USD as resistance.

Options data indicates a very bullish sentiment with a zero put/call ratio. The largest open interest is at the level of 400 USD, suggesting that investors expect the price of gold to rise. The 'max pain' level is 400 USD, indicating that on the expiration date of the options, the price may approach this level. The lack of volume on put options indicates a lack of hedging against declines, which may reflect a high level of optimism among investors.

Gold XAUUSD is in a long-term downtrend, however, options data indicates significant optimism regarding future increases. Key support is at 3900 USD, and resistance is at 4100 USD. Short-term support and resistance levels are 3970 USD and 4000 USD, respectively. The bias is slightly bullish due to the options data, but caution is advised due to the overall downtrend.

On the daily chart of XAGUSD, there is a continuation of the downward trend, even though the price is approaching potential support around 54.00. The RSI indicates oversold conditions, which may suggest the possibility of a corrective upward move. However, the lack of clear reversal signals suggests caution. Key support is at 54.00, and resistance is at 58.00. Trading volume remains stable, which does not indicate strong changes in market sentiment in the near future.

On the 4-hour chart, the price of silver is bouncing off local support at 54.50, which may suggest a short-term upward correction. However, the overall trend remains bearish. The MACD shows the possibility of an upcoming crossover of the signal line, which may confirm a short-term bounce to the level of 56.00. Key resistance is at 57.00.

On the hourly chart, there is an attempt to bounce off the support level of 54.50. RSI is rising, which may suggest a short-term increase to the level of 55.50. The price is below the moving averages, confirming the continuation of the downward trend. A breakout above the level of 55.50 may open the way to higher levels, but for now, there are no strong buy signals.

On the 15-minute chart, the price is bouncing off the support at 54.50, with a clear increase in volume. This may suggest a short-term correction towards 55.00. The RSI is neutral, which does not provide clear indications regarding the further direction. Short-term resistance is at the level of 55.00, and breaking through this level may attract more buyers.

Options data for SLV indicates a very bullish sentiment, with an extremely low put/call ratio of 0.02. The greatest interest in calls is at levels of $60 and above, suggesting that investors expect increases. Open interest at call levels is significantly higher than at put levels, which underscores the bullish sentiment. The max pain at $60 may act as a psychological barrier for investors. High volume for calls may indicate the possibility of rising silver prices in the future.

The overall sentiment for silver remains bullish, supported by options data. On the daily chart, declines dominate, but support at 54.00 may attract buyers. In the short term, a corrective rise towards 55.50-56.00 is possible. Key resistance levels are at 58.00, and support at 54.00. Investors should exercise caution, but current options data suggest potential increases in the medium term.

On the daily chart of the S&P 500, it is evident that the market is in an upward trend; however, the recent sessions have brought slight declines. The level of 7500 points seems to be a key resistance that limits further increases. Technical indicators suggest a somewhat weakened momentum, which may indicate a potential correction in the near future. The trading volume is relatively stable, indicating sustained investor activity. Support may be at the level of 7400 points.

On the 4-hour chart, consolidation is visible in the range of 7500-7550 points. The market has tested the resistance at 7550 several times, but it has not managed to break through. The volume does not show significant spikes, which may suggest a lack of decisiveness among investors. Staying below 7500 points may lead to further weakening towards 7400. Oscillators indicate a slight advantage for the bears.

In the hourly perspective, the S&P 500 shows slight weakness, with local support at the level of 7500 points. The price oscillates below the moving averages, which may suggest a continuation of declines in the short term. The volume is moderate, and the oscillators indicate a possible continuation of the downward trend. The key resistance level remains at 7550, which, if broken, could reverse the situation.

The 15-minute chart shows short-term selling pressure, with several attempts to break above 7530 points that ended in failure. Trading volume remains stable, and oscillators indicate a possibility of a slight rebound; however, the overall trend remains bearish. Short-term support is at the level of 7500 points.

Options data indicates a very bullish sentiment with a zero put/call ratio, suggesting an advantage for buyers. The nearest significant levels for call options are 660 and 680, respectively 12.1% and 9.4% below the ATM price, indicating expectations of increases. The lack of volume and open interest for put options underscores the dominance of bulls. Max pain at 600 suggests that the most options will lose value if the price drops to this level.

The overall market sentiment is bullish, supported by options data. The S&P 500 is close to a key resistance at 7550 points, and breaking this level could open the way for further gains. Support is at 7500 and 7400 points. The fear and greed index indicates moderate fear, which may limit euphoria in the market. Key macroeconomic events may influence the further direction of the market.

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On the daily chart of EUR/USD, consolidation is visible around the level of 1.1440, suggesting a lack of clear direction. Recent candles show a slight increase, but with limited volume, which may indicate a lack of strong interest in the market. The nearest resistances are around 1.1500, while supports are at 1.1350. The fear and greed index at 42 indicates market uncertainty, which may limit price movements in the near future.

On the 4-hour chart of EUR/USD, a short-term upward trend can be observed forming with a clear bounce from the level of 1.1400. The price is approaching resistance at 1.1450, which may pose a challenge for the bulls if the volume does not increase. Support is located around 1.1380, which, if broken, could lead to further declines.

On the hourly chart, a bounce from the lower support level of 1.1420 is visible, and the current price is approaching the resistance level of 1.1450. Price movements are dynamic; however, the lack of clear volume may suggest a potential false breakout. It will be crucial to observe the price reaction at the level of 1.1450 to assess the further direction.

The 15-minute chart indicates a short-term uptrend, with a price bounce from the level of 1.1430. The current resistance at 1.1450 may pose a barrier to further increases. Support is located at 1.1425, and breaking it may signal a trend reversal in the short term.

FXE options data indicates a moderately bullish sentiment with a PUT/CALL ratio of 0.53. The highest interest in calls is at the strikes of $109 and $105, suggesting expectations for potential increases in EUR/USD. The key max pain level is $109, which may indicate a market target in the event of increases. The volume and open interest in calls exceed those in puts, which may support the bullish outlook in the market.

EUR/USD shows a moderately bullish sentiment, as confirmed by options data from FXE. The price oscillates around 1.1440 with key resistance at 1.1450 and support at 1.1420. Market sentiment is mixed, which limits potential price breakouts. It will be important to observe the reaction at resistance and support levels to assess potential further movements. Key economic data throughout the day may also impact the volatility of the pair.

On the daily chart of GBP/USD, there is a strong upward trend that has encountered resistance around 1.3600. Recent candles indicate a correction, but support is located around 1.3400. Technical indicators, such as RSI, may suggest that the pair is in the overbought zone, which could lead to further correction. Key levels are 1.3600 as resistance and 1.3400 as support. We are also observing increasing volume, which may signal a possible continuation of the movement.

On the 4-hour chart of GBP/USD, consolidation is noticeable after a strong increase. The price remains above the support level of 1.3400, but has not managed to break through the resistance at 1.3550. The MACD indicator indicates a possible loss of bullish momentum, which may suggest a potential correction. Key supports are at 1.3400 and 1.3450, while resistance is visible at 1.3550.

The hourly chart shows a slight rebound after the recent decline, however, the price is still below the key resistance at 1.3500. Current levels suggest a possible continuation of consolidation or a downward move if the 1.3450 level is not maintained. The Stochastic in the neutral zone indicates a lack of a clear direction. It is important to monitor the developments around the 1.3500 level as a potential turning point.

On the 15-minute chart, volatility is visible around the level of 1.3470. The price oscillates in a narrow range between 1.3460 and 1.3490, suggesting a lack of clear direction in the short term. Current technical levels may indicate the possibility of a breakout in either direction, and a break above 1.3490 could initiate a short-term increase. Indicators are neutral, confirming the current lack of direction.

FXB options data indicates a very bullish sentiment with a low put/call ratio of 0.47. The highest open call positions are at a strike of $136, suggesting bullish expectations of +7.1% from the current ATM price. Significant put interest at the $122 level indicates support but also the possibility of a correction. Max Pain is at $122, which may suggest that options will expire around this area. Currently, the market seems to be more oriented towards increases, with greater activity on the call side.

GBP/USD remains in an uptrend, with key resistance at 1.3550 and support at 1.3400. The options sentiment is very bullish, which may support further increases. Short-term charts suggest possible consolidation or correction before any upward movement. Key levels to watch are 1.3500 and 1.3450. The sentiment in the options market indicates bullish expectations, which may influence further price movements.

On the daily chart of AUD/USD, it can be seen that the pair is moving in a medium-term downtrend. The price is currently oscillating around the level of 0.6985, indicating an attempt to rebound from recent lows. The resistance zone is around 0.7050, while key support is at 0.6900. The RSI is neutral, suggesting a lack of clear momentum in the short term. It is worth observing whether the price will hold above 0.6950, which could indicate a potential upward correction.

On the 4-hour chart of AUD/USD, there is an attempt to rebound after recent declines; however, the price has encountered resistance around 0.7000. This area may pose a barrier to further increases in the short term. Support is located at 0.6950, which has been tested previously. Oscillators indicate a possible consolidation, suggesting the risk of fluctuations between these levels in the upcoming sessions.

On the hourly chart of AUD/USD, attempts at stabilization after recent declines are noticeable. The price oscillates around 0.6985, with resistance at 0.7000 and support at 0.6960. Technical indicators, such as MACD, suggest potential consolidation, but the lack of clear momentum may indicate uncertainty in the short term. It will be important whether the pair holds above 0.6960, which could indicate short-term bullish strength.

On the 15-minute interval for AUD/USD, consolidation is visible within a narrow range. The price is moving between 0.6980 and 0.6990. The current sideways trend may suggest a lack of decisiveness in the market. Key levels are 0.6995 as resistance and 0.6975 as support. Technical indicators are neutral, which may indicate a lack of clear direction in the short term.

The current Put/Call ratio at 1.41 indicates a dominance of put options, which aligns with bearish sentiment. The highest interest in put options is at the strike of $70, suggesting that investors are concerned about declines below this level. Max Pain is $70, meaning that the most options expire worthless at this price, which may affect market dynamics around this level. Open interest in put options is significantly higher than in calls, confirming the bearish market outlook.

AUD/USD is under bearish pressure with key support at 0.6900 and resistance at 0.7050. Short-term consolidation may remain in the range of 0.6960-0.7000. Options data indicate a bearish advantage with clear support at the max pain level of $70. In the event of further decline, reactions at 0.6950 will be crucial. The bias remains bearish, with a potential upward correction above 0.7000.

On the daily chart of USD/JPY, we observe a continuation of the upward trend. The price is approaching the resistance level around 163.00, where a bounce occurred previously. The RSI index indicates a possibility of entering the overbought zone, which may suggest a potential correction. Support is located around 160.50, which may act as a turning point in the event of declines. The overall sentiment remains positive, but it is worth monitoring the price reaction at the current resistance levels.

On the 4-hour chart of USD/JPY, we see consolidation in the range of 162.00-162.80. The price shows signs of fatigue after recent increases, which may suggest a potential pullback or consolidation before further movement. The current technical situation suggests that a breakout in either direction may provide clues about the direction of the next move. Key support is at 161.80, while resistance remains at 162.80.

On the hourly chart, USD/JPY is moving within a narrow range, indicating a lack of decisiveness in the short term. Technical indicators such as MACD and RSI are neutral, confirming the current absence of a clear direction. Support at 162.20 is significant, while resistance at 162.60 may pose a barrier to potential gains. Observing the price reaction at these levels may provide clues regarding the further direction.

On the 15-minute chart of USD/JPY, there is a consolidation in the range of 162.30-162.50. The price is moving within a narrow range, suggesting a potential breakout. Volume indicators show a decline, which may indicate a lack of market interest in the short term. It is worth watching for a breakout of either of these levels, which could indicate the short-term direction of movement.

Analysis of the FXY options suggests a moderately bullish sentiment with a put/call ratio of 0.63. The highest open call positions are at the levels of $58 and $57, which translates to an upward potential for USD/JPY. The max pain level is $58, suggesting that investors can expect increases. However, the current price is close to the strike of $56, indicating short-term support. Despite the bullish sentiment, it is important to monitor the market's reaction to changes in options sentiment, especially in light of new macroeconomic data.

USD/JPY shows bullish sentiment with key resistance at 163.00 and support at 160.50. Short-term indicators suggest the possibility of consolidation before further movement. Options indicate bullish potential, but the current market sentiment is mixed due to upcoming macro data. Key levels to watch are 162.80 for resistance and 161.80 for support. For now, cautious optimism is warranted, but monitoring the reaction to macroeconomic data is recommended.

On the daily chart of USD/CHF, we observe that the pair is near a local peak, oscillating around the level of 0.8080. Strong resistance is visible slightly above 0.8100, where trend reversals have occurred multiple times. The current trend appears to be consolidative, suggesting a potential balance between buying and selling forces. Support is located around 0.8000, which has previously been tested as a key rebound level.

On the 4-hour chart of USD/CHF, we see that the pair has been moving in a narrow range between 0.8050 and 0.8100 for several sessions. Currently, the price is close to the lower boundary of this range, which may suggest a potential rebound. Technical indicators, such as RSI, indicate neutrality, confirming the lack of a clear trend in the short term.

On the hourly chart of USD/CHF, the pair shows slight downward pressure, testing support at 0.8070. Momentum indicators suggest possible weakening, and a breakout below this level could open the way for further declines towards 0.8050. However, in the case of a reversal, the nearest resistance is at 0.8090.

The 15-minute chart shows short-term downward pressure, with the price testing support at 0.8075. Momentum indicators suggest the possibility of a temporary rebound, but the overall trend remains bearish. The nearest resistance is at 0.8085, which could be key for a trend reversal.

Options data for FXF shows a very bullish sentiment with a low put/call ratio of 0.22. Significant levels for call options are 108 (0.9% increase) and 111 (3.7% increase), which suggests expectations for an increase in USD/CHF. Max pain is at 108, which confirms the bullish market sentiment. Volume and OI for call options are significantly higher than for puts, which may indicate an advantage for buyers.

USD/CHF is showing signs of consolidation, with key support at 0.8050 and resistance at 0.8100. Short-term charts suggest the possibility of further downward pressure, but options data indicates a bullish sentiment. The nearest significant levels are 0.8070 as support and 0.8090 as resistance. The overall bias is neutral with a potential bullish outlook in the long term.

On the daily chart of USD/CAD, a correction is visible after a previous strong increase. The price is approaching key support around 1.4000, which may serve as a rebound point. Technical indicators suggest a possible exhaustion of the declines, but there is a lack of a clear reversal signal. The RSI is in the neutral zone, indicating the possibility of further consolidation before the next upward move. Support at 1.4000 and resistance at 1.4150 may be key levels in the coming days.

On the 4-hour chart, a downward trend is visible, which began after reaching a local peak at 1.4150. The price is testing the lower boundary around 1.4030, which may be a place for a rebound. There is potential for a short-term rebound; however, the further direction depends on the market's reaction at the support level. Negative sentiment in the short term may persist if the price breaks the support at 1.4000.

The hourly chart shows persistent selling pressure with clear resistance at 1.4050. Current support around 1.4030 may be crucial for the short-term direction. If broken, further declines towards 1.4000 are possible. However, a bounce from this level could lead to a test of resistance at 1.4050. The RSI is close to the oversold zone, which may suggest the possibility of a short-term bounce.

On the 15-minute chart, there is a consolidation in a narrow range of 1.4030-1.4040. We are observing low volatility, which suggests an expectation for an impulse. A breakout above the level of 1.4040 may trigger a short-term upward move to 1.4050, while a drop below 1.4030 could open the way for a test of 1.4010. The current situation indicates a lack of a decisive direction.

Options data for the FXC ETF indicates a very bullish sentiment with a low put/call ratio of 0.40. Open positions on options indicate key resistance levels at $70 and $75, which correspond to increases of 1.4% and 8.7% on USD/CAD, respectively. High open interest at $81 suggests a maximum pain point, which may hinder further increases. The high number of open call positions compared to puts indicates expectations for further appreciation of the dollar against the CAD.

USD/CAD is in a short-term correction with key support at 1.4000. Options data shows a bullish sentiment, which may support a rebound. The main resistance levels are 1.4050 and 1.4150. If 1.4000 is breached, further declines are possible. Macroeconomic events may influence volatility. The market is in a wait-and-see mode for an impulse that will determine the further direction.