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Morning market review - Monday, June 1, 2026

Technical analyses of 12 instruments with options data.

Kacper MrukJune 1, 2026Updated: June 1, 20261 min read

Morning market review indicates a prevailing greed sentiment, with the Fear & Greed index at 60. The current Fed interest rate remains in the range of 3.50-3.75%, and investors are eagerly awaiting the upcoming FOMC meeting in June. Today at 14:00 (Warsaw time), we will learn the ISM Manufacturing PMI data, which may impact market sentiment. In the analysis, we will look at twelve instruments that may gain significance in light of today's macroeconomic events.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin shows a downward trend, with a clear pattern of lower lows and lower highs. The price oscillates around the level of 72,900 USD, suggesting possible support around 71,500 USD. The trading volume is relatively stable, which may indicate a continuation of the current trend. The key resistance remains at the level of 75,000 USD, which must be broken to reverse the trend to bullish.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, a clear decline is visible, with the current price below 73,000 USD. Bitcoin has been falling from the level of 83,000 USD, and selling pressure remains strong. The nearest support is at 72,500 USD, while resistance is at 74,000 USD. The RSI indicates possible overselling, which may suggest a short-term rebound.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows sharp declines below 73,000 USD, with strong selling early in the morning. The current support level is 72,500 USD, and resistance is visible at 73,500 USD. Volume increased during the declines, signaling possible further weakening, although a short-term rebound is not excluded.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin is experiencing dynamic downward movements. The price is struggling with support at 72,800 USD, and selling pressure is noticeable. Possible short-term support at 72,500 USD. If it is broken, the price may quickly drop towards 72,000 USD.

Bitcoin - Options data

Options indicate a very bullish sentiment with a put/call ratio of 0.28. Key levels for call options are 43 USD (+4.9% from ATM) with high open interest, which may signal growth expectations. Max Pain is 43 USD, suggesting an ideal expiration level for options, in this bullish context. Put volume is significantly lower than call volume, confirming bullish expectations.

Bitcoin - Summary

Bitcoin is in a downtrend, with key support at 72,500 USD and resistance at 75,000 USD. The options sentiment is bullish, with Max Pain at 43 USD. The overall market bias is mixed, with the possibility of a short-term rebound, but with a long-term emphasis on further declines. Key levels to watch are 72,500 USD for support and 75,000 USD as resistance.

Ethereum - Daily chart (D1)

Ethereum - Daily chart (D1)

On the daily chart of ETHUSD, a clear weakening of the upward trend is visible, with a descending channel forming. The current price is oscillating around 1981 USD, indicating selling pressure. Key support is at the level of 1900 USD, and resistance is around 2100 USD. Moving averages are starting to tighten, suggesting a possible trend change with further price declines.

Ethereum - 4H Chart

Ethereum - 4H Chart

The 4-hour chart shows a continuation of the downward trend with lower highs and lows. The ETHUSD price below 2000 USD confirms selling pressure. Technical indicators indicate oversold conditions, which may suggest a temporary bounce; however, there are no strong reversal signals. Local support is at the level of 1950 USD.

Ethereum - 1H Chart

Ethereum - 1H Chart

On the hourly chart of ETHUSD, a deepening of the declines is visible with a dynamic move downward. The current price breaks the support level at 1980 USD, which may lead to further declines towards 1950 USD. The RSI and MACD indicators suggest oversold conditions, which may favor a short-term rebound.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

The 15-minute chart shows intense price fluctuations with a selling advantage. The price of ETHUSD is falling below 1980 USD with a possible further move towards 1970 USD. An increase in volume is observed during declines, indicating growing pressure from sellers. A short-term rebound may occur if support at the level of 1975 USD is maintained.

Ethereum - Options data

The ETHA options data indicates a very bullish sentiment with a low put/call ratio of 0.36. The dominance of call options at the max pain level of 17 USD suggests an expectation for the ETHUSD value to rise above current levels. High open positions at the strikes of 16 USD and 17 USD may lead to price increases towards these levels, especially with the current support level at 15 USD.

Ethereum - Summary

Analysis indicates ongoing selling pressure on ETHUSD with key support at 1900 USD. Market sentiment is bullish, which may lead to a short-term rebound; however, there are no strong reversal signals. Key resistance levels are at 2100 USD. Options data highlights the dominance of bulls, which may support price increases in the longer term.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

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Gold - 4H Chart

Gold - 4H Chart

Error generating H4 analysis

Gold - 1H Chart

Gold - 1H Chart

Error generating H1 analysis

Gold - 15-minute chart

Gold - 15-minute chart

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Gold - Summary

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Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, consolidation is visible around the level of 75.50 USD. The price is below the local peak from April, which suggests the possibility of further downward pressure if this level is not broken. Current support is around 74.00 USD. Moving averages indicate a lack of a clear trend, which may suggest further consolidation. Momentum indicators are neutral, confirming the absence of a definitive direction. The main levels to watch are 76.00 USD as resistance and 74.00 USD as support.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, it can be seen that the price is oscillating around 75.50 USD, indicating a consolidation phase after recent declines. High volumes at the 76.00 USD level may act as resistance. The RSI is close to the 50 level, suggesting a lack of a clear direction. A potential breakout above 76.00 USD could open the way for further increases, while a drop below 74.50 USD may intensify selling pressure.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows price fluctuations in a narrow range between 75.00 and 75.70 USD. The lack of a clear direction emphasizes the prospect of short-term consolidation. Technical indicators, such as MACD, are neutral, suggesting that the market is waiting for an impulse to move. A breakout above 75.70 USD could lead to a test of the 76.00 USD level, while a drop below 75.00 USD could direct the price towards lower support levels.

Silver - 15min Chart

Silver - 15min Chart

On the 15-minute chart, there is low volatility, with the price oscillating around 75.50 USD. Volumes are low, and indicators such as RSI indicate neutral conditions. Short-term support can be observed at 75.30 USD, and resistance around 75.70 USD. The lack of clear momentum suggests a continuation of consolidation until a larger price movement occurs.

Silver - Options data

Options data for SLV indicates a very bullish sentiment with a low put/call ratio of 0.01. Key call levels are 76 USD and 71 USD, suggesting expectations for increases. The largest open positions are concentrated at 76 USD, which may indicate an important target level in the XAGUSD market. Max Pain at 76 USD also suggests that investors may be leaning towards increases to this level. High call volume confirms the bulls' advantage.

Silver - Summary

The overall sentiment for XAGUSD is neutral with the possibility of increases. The charts indicate consolidation, however, options data and market sentiment suggest a potential breakout to the upside. Key levels to watch are 76.00 USD as resistance and 74.00 USD as support. Upcoming macro data may provide momentum for movement in either direction. Investors should monitor events related to USD that may impact the volatility of the silver market.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of SPX, we see a continuation of a strong upward trend. The recent candles indicate further interest from buyers, and the level of 7580 has become a new support. The increase in volume suggests that investors are convinced of the sustainability of the current trend. The index is in the overbought zone, which may suggest the possibility of a correction, but there are no clear signals of a trend reversal.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

The four-hour chart shows a sustained consolidation around the level of 7580. We are observing a slight slowdown in the growth momentum, which may indicate potential struggles with resistance. The key support remains at the level of 7550, which, if broken, could lead to a deeper correction.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

On the hourly chart, it can be seen that the index has approached the upper boundary of the local sideways trend. Current movements are limited between 7570 and 7590. Increases may be limited by resistances around 7600, however, the lack of clear sell signals suggests that the upward trend may continue.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

The 15-minute chart shows local consolidation in the range of 7575-7590. There is an increase in volume at support levels, which may indicate buyer interest. A short-term breakout above 7590 could lead to further gains.

S&P 500 - Options data

Options data indicates a very bullish sentiment with a Put/Call Ratio of 0.00. The greatest interest is at call levels around $750 and above, suggesting expectations of further increases. The lack of open positions on puts confirms the dominance of bulls. The Max Pain level at $750 may act as a short-term resistance. Volume and open positions on calls are decidedly dominant, reinforcing bullish expectations.

S&P 500 - Summary

The current sentiment of the S&P 500 market is very bullish, as confirmed by both charts and options data. The key support level is 7500, and the potential target for increases is 7600. In the case of a correction, support levels at 7550 may be tested again. Today's macroeconomic events, such as ISM Manufacturing PMI, may introduce additional volatility.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart of WTI, consolidation is visible after a previous strong increase. The current price is around 90.20 USD, which is slightly above the recent lows. Key support is located around 85.00 USD, while resistance is situated close to 95.00 USD. The current trend is sideways, but increases may be limited by the level of 95.00 USD. Technical indicators suggest a neutral outlook, and the coming days may bring greater volatility due to planned macroeconomic events.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, a rebound from the level of 88.00 USD towards 90.20 USD is visible. Currently, the price is testing a local resistance at the level of 91.00 USD. Technical indicators, such as RSI, indicate a possible downward correction. A break above the level of 91.00 USD could open the way for further increases, but if the price does not hold above this level, we may see a retest of support at 88.00 USD.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows a short-term upward trend with local support at 89.50 USD. The current pullback may be limited to the nearest resistance at 91.00 USD. MACD suggests maintaining bullish momentum, however, increasing volatility indicates a possible trend reversal. If the price does not break through 91.00 USD, a correction to the level of 89.50 USD can be expected.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute chart, a dynamic upward movement is visible, which may encounter resistance around 91.00 USD. Local support is at the level of 90.00 USD. Short-term indicators suggest some overbought conditions in the market, which may result in a short-term correction. Maintaining the level of 90.00 USD will be crucial for the continuation of the upward trend in the short term.

Oil - Options data

Options data indicates a prevailing bearish sentiment with a put/call ratio of 1.73. The largest open put positions are at levels of 115 USD and 125 USD, suggesting expected further declines. Max Pain at 115 USD confirms this direction. On the call side, the most open positions are at 150 USD, which may represent a distant bullish target. The high volume of put options indicates greater interest in hedging against declines.

Oil - Summary

Current analysis suggests a neutral-bearish bias with key support at 88.00 USD and resistance at 91.00 USD. Options data highlight bearish market sentiment, which may limit short-term gains. Key macro events could impact volatility. A breakout above 91.00 USD would open the way for further gains, but a failure to break could lead to a return to around 88.00 USD.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, we observe a stabilization of the exchange rate around 1.1655, after a previous rebound from levels below 1.1500. The trend is neutral, with a potential move towards 1.1700, which represents the nearest resistance. Support is located at 1.1600, which may act as a turning point in case of euro weakening. Technical indicators suggest moderate strength, but there is a lack of a clear direction.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart of EUR/USD, we see the formation of a slight upward trend, which may encounter resistance at 1.1670. The pair has bounced off the support level of 1.1600, which may indicate further short-term increases. Technical indicators such as RSI are in neutral areas, suggesting the possibility of further consolidation.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

The hourly chart indicates upward pressure, with key resistance at 1.1660. Support is located at 1.1630, and a potential breakout could lead to further correction. Technical indicators are close to neutral levels, but momentum suggests the possibility of further strengthening of the euro in the short term.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

On the 15-minute chart, the EUR/USD pair is moving in a narrow range between 1.1640 and 1.1660. The current consolidation suggests waiting for impulses from the outside, e.g., macroeconomic data. Short-term indicators indicate a possible attempt to break the resistance at 1.1660, but there is a lack of a clear direction.

Euro/Dollar - Options data

Options data indicates a neutral sentiment with a Put/Call Ratio of 0.92. Key support levels are at 106 and 107, which correspond to 0.0% and +0.9% from ATM. The highest interest among Call options is visible at strikes 113 and 114, suggesting expectations for possible increases. Max Pain at 107 suggests a possible stabilization of the price around this level.

Euro/Dollar - Summary

EUR/USD is in a consolidation phase with key support at 1.1600 and resistance at 1.1700. Market sentiment is neutral, with a slight advantage for put options. Significant macro data, such as ISM Manufacturing PMI, may influence the further direction. Currently, there is no clear trend; however, short-term increases towards 1.1670-1.1700 are possible.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

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Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

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Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

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Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

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Pound/Dollar - Summary

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Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, there is a continuation of the upward trend, with resistance around 0.7250. Technical indicators suggest potential overbought conditions, which may lead to a correction. Key support is located at 0.7100, and its breach could strengthen the downward pressure. The current price is oscillating around 0.7180, which in the context of strong market sentiment may indicate an attempt to test higher price levels.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart of AUD/USD, consolidation is visible between the levels of 0.7160 and 0.7200. The moving averages indicate a neutral sentiment, and the current price is close to the upper boundary of this range. A breakout above 0.7200 may indicate further increases, while a break below 0.7160 could lead to a deeper correction towards 0.7120.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows a bullish attempt to break the resistance at 0.7200. The current consolidation in the range of 0.7170-0.7200 suggests a possible continuation of the upward movement. The RSI and MACD indicators indicate potential upward momentum, however, the lack of a clear break of the upper resistance may lead to a short-term correction.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart of AUD/USD, there is local support at the level of 0.7175. The price is moving within a narrow range, suggesting a possible consolidation before a longer move. A breakout above the level of 0.7190 could lead to a quick test of 0.7200, while a drop below 0.7170 may result in further declines.

Australian Dollar/Dollar - Options Data

Options data for FXA indicates a strongly bullish sentiment with a put/call ratio of 0.39. A large open interest at 69 USD (114 OI) suggests strong support, while call levels at 72 USD and 74 USD indicate potential upside targets. Call volume exceeds put volume, further reinforcing the bullish outlook. Max pain at 69 USD suggests that prices may consolidate in this area before a clear move occurs.

Australian Dollar/Dollar - Summary

AUD/USD shows a bullish sentiment, with key resistance at 0.7200 and support at 0.7160. Options data supports the increases, and the low put/call ratio indicates a bullish advantage. Macro events, such as the upcoming ISM Manufacturing PMI, may influence further movements. Key levels to watch are 0.7200 as resistance and 0.7100 as support. The bias remains moderately bullish.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, there is a continuation of the upward trend with clear support around 156.50. The current price is oscillating around 159.50, suggesting an attempt to break the previous peak. Technical indicators, such as RSI, indicate possible overbought conditions, which may suggest an upcoming correction. Key resistance levels are at 161.00, while support is at 157.00. The bullish sentiment is supported by macroeconomic data and positive sentiment in the options market.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, the USD/JPY pair is consolidating near the level of 159.50. A potential continuation pattern is forming, which may suggest further increases above 160.00. Support at the level of 158.50 appears to be solid. Trading volume remains stable, which supports the bullish scenario. It is worth monitoring the upcoming candles for a breakout to the north.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows short-term consolidation in the range of 159.30–159.60. Momentum indicators indicate a neutral sentiment, which may suggest sideways movement before a potential breakout. The key level to watch is 159.60 as a potential resistance point, which, if broken, will open the way for further gains. Support is located at 159.20.

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

On the 15-minute chart, a local consolidation is visible with slight attempts to break upwards. The price oscillates around 159.50, which may suggest preparations for a larger move. The volume remains moderate, indicating no strong market commitment in one direction. Key support is at 159.40, and resistance is at 159.60.

Dollar/Yen - Options data

The sentiment in the options market for FXY is very bullish, suggesting potential further increases for USD/JPY. The low put/call ratio of 0.21 indicates an advantage for call option buyers. Key call option levels are $58 and $60, which correspond to a significant increase in value. The open interest for calls at 26344 is significantly higher than for puts, confirming the positive sentiment. The max pain level at $58 suggests that the market may aim for this value, supporting the bullish scenario.

Dollar/Yen - Summary

USD/JPY remains in an upward trend with key support at 158.50 and resistance at 161.00. Options data suggests further increases, which is supported by the overall positive market sentiment. A key level to watch will be 159.60 as a potential breakout point. In the absence of negative macro surprises, the current momentum may be sustained.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, there is a consolidation in the range of 0.7700-0.7900 after a previous decline. The price is bouncing off the lower boundary, which may suggest a potential rebound. However, the lack of a clear trend indicates possible further fluctuations within this range. The current support levels are 0.7700, and resistance is at 0.7850. Technical indicators are neutral, confirming the absence of a clear direction.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart, we see a slight bounce from the level of 0.7800, suggesting an attempt to return to higher levels. Short-term resistance is around 0.7850, and support is at 0.7780. The trend is currently sideways, and technical indicators do not provide clear directional signals.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

The hourly chart indicates an attempt to break above 0.7820, but the momentum is weak. Local support is at 0.7800, and the nearest resistance is around 0.7835. Technical indicators suggest a slight advantage for bulls, but there is a lack of a decisive signal for increases.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, consolidation is visible in a narrow range of 0.7815-0.7830. The price is oscillating close to the upper boundary of this range, which may indicate a potential breakout. Technical indicators are neutral, suggesting possible fluctuations in the short term.

Dollar/Franc - Options data

Options data for FXF indicates a moderately bullish sentiment with a Put/Call Ratio of 0.66. The largest open call positions are at $115 (+3.6% from ATM), which may suggest bullish expectations for USD/CHF. Max Pain at $140 (+26.1% from ATM) indicates potentially limited volatility in the short term. Volume and Open Interest are higher for call options, which supports bullish expectations.

Dollar/Franc - Summary

USD/CHF is in consolidation with a slight bullish advantage. Key levels are support at 0.7700 and resistance at 0.7850. Options data indicates moderate optimism among investors. Significant macroeconomic events, such as ISM Manufacturing PMI, may impact volatility. The current market sentiment is stable, but price movements should be monitored in the context of upcoming data.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, a continuation of the upward trend from recent weeks is visible. The price bounced off the support level around 1.3650 and reached the level of 1.3800. The trading volume is moderate, which may suggest the possibility of further increases. Key resistance levels are at 1.3850 and 1.3900. Support can be located at 1.3650, which previously acted as a strong barrier for sellers.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart, we see consolidation after the bounce from the level of 1.3750. The price is between 1.3750 and 1.3850. The current oscillations may suggest preparation for a breakout from this range. With further increases, the resistance at 1.3850 will be crucial to break through. Support remains at 1.3750, which may attract the attention of buyers.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows a slight pullback from the resistance level of 1.3850, which may indicate a short-term correction. There is a possibility of a retest of support at 1.3780, where the price may find demand. If buyers decide to re-enter, a quick rebound to 1.3850 is possible.

Dollar/Canadian Dollar - 15-minute Chart

Dollar/Canadian Dollar - 15-minute Chart

On the 15-minute chart, a local support is forming around 1.3780. The price is oscillating in a narrow range, which may suggest a temporary consolidation. Short-term support at 1.3780 and resistance at 1.3810 are key levels to watch before a potential breakout.

Dollar/Canadian Dollar - Options Data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.11. Key call levels are at $75 and $80, suggesting market expectations for further increases in USD/CAD. The maximum pain at $70 indicates current support, which may bolster bullish sentiment. High open interest at put levels at $70 confirms key support in this area.

Dollar/Canadian Dollar - Summary

USD/CAD shows a bullish bias with key support at 1.3750 and resistance at 1.3850. Options data supports the bullish sentiment with a low put/call ratio. A key macro event, such as ISM Manufacturing PMI, may influence the direction of price movements. Monitoring the market's reaction to resistance and support will be crucial for further trading decisions.

Frequently Asked Questions

How to analyze trading instruments effectively?
Effective analysis combines technical analysis (charts, patterns, indicators) with fundamental analysis (economic data, news events). Understanding both short-term price action and long-term trends is essential.
How do Fed decisions impact markets?
Fed rate decisions affect all asset classes. Higher rates strengthen USD, pressure gold prices, and often weigh on stocks. The tone of Fed communication is often more important than the decision itself.

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