Morning market review - Monday, May 18, 2026

On the daily chart, Bitcoin continues its correction after a previous rise, recording lower lows and highs. Currently, the price is approaching support at 76,000 USD, which may serve as a rebound point. Technical indicators suggest weakening momentum, which could lead to further consolidation. Potential resistance is around 80,000 USD, where there was previously greater selling activity.

On the 4-hour chart, Bitcoin is in a short-term downtrend, with a series of lower highs and lows. Significant support around 76,000 USD has been tested, and a potential breach of this level may open the way for further declines. Meanwhile, the nearest resistance is visible around 78,000 USD.

The hourly chart shows increased selling pressure, with the price testing the lower boundaries of the downward channel. The volume indicates heightened activity at support levels, which may suggest a potential rebound. Key short-term resistance levels are 77,500 USD, which must be overcome to change the current sentiment.

On the 15-minute chart, Bitcoin is moving within a narrow range, with clear resistance at 77,000 USD. Current support is at 76,500 USD, and a break of this level could lead to further downward movements. Momentum indicators are neutral, suggesting a possible consolidation in the near future.

Options data indicates moderately bullish sentiment with a put/call ratio of 0.62. The largest open interest on call levels is at strikes of 47 USD and 48 USD, suggesting bullish expectations. Key support levels are at 43 USD and 44 USD. Max pain is at 47 USD, which may act as a price magnet before the options expiration.

Current analysis indicates a slightly bearish bias with key support at 76,000 USD. A break of this level could lead to further declines. The nearest resistance is visible at 78,000 USD. Options data suggests moderate optimism, with a key max pain level at 47 USD. Sustained greed sentiment may support periodic rebounds, but the market remains sensitive to macroeconomic changes.

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On the daily chart of XAGUSD, a correction is visible after the recent increases, with the price oscillating around 75.55 USD. Current support is located around 73 USD, which is a key defense level against further declines. On the other hand, resistance is placed around 80 USD, which coincides with the max pain level from options. The RSI indicates neutrality, suggesting the possibility of further consolidation before a breakout in one direction.

On the 4-hour chart, a downward trend is noticeable, which has slowed down around 74 USD. The recent candles suggest the formation of potential support. The trading volume remains relatively high, which may indicate growing investor interest. The key resistance on this timeframe is 77 USD, which may be tested in the event of a rebound.

The hourly chart shows consolidation in the range of 75-76 USD after a previous decline. We are observing a slight rebound that may be heading towards resistance at the level of 76 USD. The RSI on this interval supports potential increases, but the lack of a clear breakout indicates investor caution.

In the short term, a stabilization is visible on the 15-minute chart after previous fluctuations. The price oscillates around 75.54 USD, and the volume remains at a moderate level. A move towards the nearest resistance at 75.70 USD is possible, provided the current momentum is maintained.

Options data for the SLV ETF suggests a strong bullish sentiment, confirmed by a low put/call ratio of 0.00. High open positions at levels of 80, 77, and 84 USD indicate expectations for further increases in the silver market. The max pain at 80 USD suggests that investors may aim to reach this level in the near future. The low volume of put options confirms a lack of selling pressure.

The current market sentiment for silver XAGUSD is neutral-bullish, supported by options data. Key resistance levels are 77 USD and 80 USD, while support is around 73 USD. The charts signal a possible consolidation before further movement. Monitoring volume and price reactions at support and resistance will be crucial for the further direction of movement. The bias remains slightly bullish due to options data and market sentiment.

On the daily chart of the S&P 500, a strong upward trend is visible, which has encountered a correction. The price is 7408.49, which means a decrease of 1.24% in the last session. The key support level is 7300, while resistance is around 7500. The current pullback may be a natural correction in the upward trend. The RSI is approaching the overbought level, which may suggest further cooling. The trading volume remains at an average level, which may indicate a continuation of the upward trend after the correction ends.

The 4-hour chart shows a decline from the level of 7454 to the current 7408 points. The current downward movement may be part of a larger consolidation before a potential further upward movement. Support is located around 7360, and resistance at 7500. Oscillators indicate a possible trend reversal, suggesting monitoring for reversal formations on lower time frames.

On the hourly chart, it can be seen that the price is moving in a downward channel from the level of 7450 to 7408. There is a possibility of a short-term rebound towards the level of 7425, before the support at 7400 is tested. The volume indicates some selling pressure. Stochastic oscillators suggest that the market may be close to being oversold, which provides an opportunity for a short-term rebound.

The 15-minute chart shows a rapid decline to the level of 7408. There is local support at the level of 7400, which may be tested before a rebound. Current fluctuations indicate increased volatility. MACD suggests the possibility of further decline, but RSI shows that the market is close to being oversold, which may lead to a short-term rebound.

Options data shows a very bullish sentiment with a put/call ratio of 0.00, indicating a lack of interest in put options. Key call levels are 745, 746, and 747, suggesting expectations for an increase. High open interest at these levels indicates strong interest in upward movements. The maximum pain at 745 suggests that options will expire worthless if the price does not increase. It is worth monitoring volume and open interest in the coming days.

The S&P 500 is in a correction phase within a larger uptrend. Key support is at 7360-7400, and resistance is at 7450-7500. Market sentiment is bullish, which supports further increases after the correction ends. Options data indicates bullish expectations, but the short term may bring further volatility. It is worth observing the price reaction at support levels to confirm a potential rebound.

On the daily chart of WTI, a strong upward trend has been visible since February, with prices oscillating around 103 USD. Recent sessions show attempts to break the resistance at 104 USD, which may signal the continuation of the upward trend. Support is located around 100 USD, which has been tested several times before. The RSI is in the neutral zone, providing potential for further upward movements, but caution should be taken regarding possible corrections.

The 4-hour chart shows consolidation in the range of 100-104 USD, with the latest move towards the upper boundary. Moving averages indicate a positive sentiment, with the 50-period SMA below the price. Staying above 102 USD may be crucial for further increases, while breaking 104 USD will open the way to higher levels. Technical indicators support the bullish sentiment.

On the hourly chart, there is increased activity around 103 USD, with local resistance at 104 USD. We are observing higher lows, which may suggest buying pressure. The MACD indicates the possibility of a continuation of the upward trend, but confirmation is needed through a breakout of the mentioned resistance. Short-term support is located near 102 USD.

The 15-minute chart shows dynamic movements in the range of 102-104 USD. The latest candles indicate an attempt to break the level of 104 USD, which could be crucial for further short-term growth. We are observing increased volume, which supports the bullish scenario, but it is worth being cautious of possible quick corrections.

Options data for USO indicates a very bullish sentiment with a low Put/Call ratio of 0.00. Open interest for call options is concentrated at levels of 150-180 USD, suggesting expectations of further price increases. Max Pain at 180 USD further strengthens the market's bullish expectations. The volume of call options significantly exceeds the volume of put options, confirming the bullish sentiment.

WTI crude oil is in a strong uptrend, with key resistance at 104 USD. Options data and charts support the bullish scenario. Support at 100 USD is crucial for maintaining the trend. The bias is bullish with potential growth above 104 USD, but caution is advised for possible corrections. Key levels to watch are 104 USD as resistance and 100 USD as support.

On the daily chart of EUR/USD, we observe a clear downward trend that has been ongoing for several months. Recent candles indicate an attempt to rebound, but the price still remains below the key level of 1.1700, suggesting the possibility of further weakening. Current support is around 1.1600, and breaking this level could open the way for further declines towards 1.1500. On the other hand, resistance at 1.1750 should pose a challenge for bulls.

On the 4-hour chart, a short-term bounce from the level of 1.1600 can be seen, which may suggest a temporary upward correction. Nevertheless, the overall picture remains negative, with bears in dominance. Moving averages are in a downward arrangement, and the nearest resistance is visible at 1.1670. Breaking this level could direct the price to 1.1700, but there are no clear signals of a trend reversal.

The hourly chart shows a dynamic increase after bouncing off the support at 1.1600. Currently, the price is approaching the resistance at 1.1650, and the bullish momentum may suggest an attempt to break through it. Oscillators indicate the possibility of a local market overheating, which may lead to short-term consolidation. The key support at this moment is 1.1620.

On the 15-minute chart of EUR/USD, we observe a clear bullish impulse, but the pace of growth is starting to slow down. The price is approaching the resistance level at 1.1640, which could result in a short-term correction. Support is located at 1.1625, and its breach could restore selling pressure.

Options data for FXE shows a neutral sentiment with a Put/Call Ratio of 0.97. High OI at 105 suggests that market participants expect the price may find support around 1.1600 on EUR/USD. On the Call side, the highest OI is at 113, indicating expectations of growth, albeit on a limited scale. Max Pain at 105 suggests potential stabilization around this level.

EUR/USD remains in a downtrend, with key support at 1.1600. Short-term gains may encounter resistance at 1.1650 and 1.1670. The options sentiment is neutral, but high OI at 105 may suggest stabilization. Overall, the trend remains bearish, but short-term rebounds are possible. Key levels are 1.1600 (support) and 1.1700 (resistance).

On the daily chart of GBP/USD, a downward trend is visible, with recent attempts to rebound. The price oscillates around the level of 1.3340, which may serve as short-term support. There is a possibility of further decline if this level is broken, with a target at 1.3200. Increases may encounter resistance around 1.3500, where a previous peak is located. The 50-day moving average is below the 200-day moving average, confirming the downward trend.

In the 4-hour perspective, GBP/USD shows signs of consolidation after recent declines. The price has bounced off the level of 1.3120, which may suggest temporary support. The nearest resistance is at the level of 1.3400. Volume is increasing during attempts to rise, which may suggest a potential reversal. However, a sustained break above 1.3400 is necessary to change the short-term trend.

On the hourly chart of GBP/USD, we see an overbought formation after a strong decline. The price is currently hovering around 1.3340, with strong resistance at 1.3360. If this level is broken, one can expect an increase to 1.3400. Selling pressure is noticeable at higher price levels, suggesting possible further declines.

The 15-minute chart shows a short-term rebound from the level of 1.3340. The price is heading towards 1.3360, which may represent the nearest resistance. Momentum indicators indicate short-term strength of buyers, however, the volume does not yet confirm a sustainable increase. Potential support is located at 1.3320.

Options data indicates a moderately bullish sentiment with a put/call ratio of 0.73. The key maximum pain level is 130, suggesting that investors expect an increase in the price of GBP/USD. Most open interests are located at levels above the current price, which may indicate potential increases. However, a larger open interest at put levels suggests that there is also a risk of further declines.

Currently, GBP/USD is oscillating around support at 1.3340, with the potential to bounce towards 1.3400. The main support is at 1.3200, and resistance is at 1.3500. Market sentiment is mixed, with moderate upward pressure according to options. Key levels are 1.3360 for gains and 1.3300 for declines. The bias is neutral with a slight indication of an increase, as long as key resistances are not quickly broken.

On the daily chart of AUD/USD, we observe a continuation of the upward trend; however, the recent candles indicate a correction. The price is approaching the support level around 0.7100, which may serve as a key defense point. Technical indicators suggest that the upward momentum may be weakening, which could lead to further consolidation in the range of 0.7100-0.7200. A breakout below 0.7100 may trigger further declines.

On the 4-hour chart of AUD/USD, a bearish impulse is visible, which tested support around 0.7120. A rebound from this level suggests the possibility of a bullish correction, but resistance at 0.7160 may limit further increases. A break below 0.7120 will open the way for deeper declines, while holding above may indicate consolidation.

The hourly chart of AUD/USD shows a short-term rebound from local support around 0.7130. The price is approaching resistance at 0.7160, which may pose a barrier to further gains. Momentum indicators are neutral, suggesting potential consolidation in the range of 0.7130-0.7160, unless one of the key levels is broken.

On the 15-minute chart of AUD/USD, there is an attempt to bounce off the level of 0.7130. The price is testing resistance at 0.7150, and further increases may be limited by this level. A short-term uptrend is visible, but confirmation of a breakout above 0.7150 is needed to continue the upward movement.

Options data for the FXA ETF indicates a moderately bullish sentiment, with a put/call ratio of 0.72. The Max Pain level is $69, suggesting that the AUD/USD price may be heading towards this level. Increased interest in put options at the $69 and $68 levels indicates potential support, while key call levels at $70 and $74 may limit gains.

AUD/USD is in a short-term correction within a broader uptrend. Key support is at 0.7100, and resistance is at 0.7160. Options data and sentiment suggest moderate support for the price around $69. The bias remains moderately bullish, but a breakout above 0.7160 is needed for the continuation of gains.

On the daily chart of USD/JPY, a clear upward trend is visible, confirmed by higher lows and highs. The current price is oscillating around 158.87, suggesting a continuation of the increases. The nearest resistance can be located around 160.00, while support is at 156.00. The increases are supported by macroeconomic data from the USA, which were in line with forecasts, suggesting further strengthening of the dollar. Technical indicators, such as RSI, signal that the market is not yet overheated, which favors further increases.

On the 4-hour chart, we observe a correction after a strong increase. The price tested 159.00 but failed to maintain that level. Currently, the quotes are oscillating around 158.87, and technical indicators like MACD suggest a possible short pause before a potential next move upward. The nearest support is at 157.50, which could serve as a rebound point for bulls.

The hourly chart shows local selling pressure after a failed test of the 159.00 level. Currently, the price is consolidating in a narrow range between 158.70 and 158.90. Indicators, such as the stochastic, indicate a possible short-term consolidation. A breakout above 159.00 could open the way for further increases, while a drop below 158.70 could trigger a short-term correction.

On the 15-minute chart, there is consolidation in the range of 158.70-158.90. The movements are limited, suggesting a lack of clear direction in the short term. Indicators such as RSI are in the neutral zone. Key support and resistance are 158.70 and 158.90, respectively. A breakout from this range may indicate the short-term direction of further movements.

Option data for FXY indicates a very bullish sentiment, with an exceptionally low put/call ratio of 0.06. The largest open interest in call options is at $58, which corresponds to a 1.8% increase in USD/JPY from the current price. 'Max Pain' also points to a level of $58, suggesting that the market may aim for this level. The sentiment in the options market supports further increases in USD/JPY.

USD/JPY shows a bullish sentiment on most charts, supported by macroeconomic data and very bullish options sentiment. Key levels are 159.00 as resistance and 158.70 as support. A breakout above 159.00 may indicate further increases, while a drop below 158.70 could suggest a short-term correction. Overall, the bias remains bullish due to options and technical data.

On the daily chart of USD/CHF, a sideways trend with a slight downward tendency is visible. The resistance level is around 0.7900, while support is in the area of 0.7750. The current price is oscillating around 0.7855, indicating consolidation. Moving averages show a slight decline, which may suggest further weakening of the dollar against the franc. Volume does not show significant changes, confirming the lack of a strong market impulse in the short term.

On the 4-hour chart, an upward correction is visible, which encountered resistance around 0.7880. The price is currently testing support at 0.7850. Breaking this level may open the way for further declines towards 0.7800. Oscillators indicate possible exhaustion of buying power, which increases the likelihood of continued declines.

The hourly chart indicates local selling pressure after a failed attempt to break through 0.7880. The price is clearly falling, testing support at 0.7850. The short-term momentum is negative, and further declines may lead to the level of 0.7820. The RSI and MACD indicators confirm the dominance of bears in the short term.

The 15-minute chart shows a dynamic downward movement after reaching a local peak at 0.7880. The price is currently oscillating around 0.7855, with the possibility of further decline to 0.7840. The short-term trend is bearish, and the volume indicates selling activity.

Options data for the FXF ETF indicates a neutral sentiment with a Put/Call Ratio of 0.80. The most important call levels are $115 (+4.5% from ATM), suggesting the possibility of USD/CHF rising to around 0.8200. Meanwhile, key put levels, such as $107 (-2.7% from ATM), indicate potential support in the area of 0.7650. Max pain at $140 suggests limited interest in higher price levels in the short term.

USD/CHF is in a consolidation phase with slight downward pressure, with resistance at 0.7900 and support at 0.7750. The short-term bias is negative, with the possibility of further declines below 0.7850. Key levels to watch are 0.7880 as resistance and 0.7820 as support. Options data indicates a neutral sentiment, but with potential for increases in the medium term.

On the daily chart of USD/CAD, an upward trend has been visible since April, with a clear bounce from the support level around 1.3400. Currently, the price is oscillating around 1.3740, encountering resistance near 1.3800. The RSI is in the neutral zone, suggesting the possibility of further consolidation. Key support is at 1.3600, and a breakout above 1.3800 could indicate a continuation of the upward trend.

On the 4-hour chart of USD/CAD, a local correction is visible after the recent increases. The price is approaching support around 1.3720. Oscillators indicate possible short-term downward pressure. Key resistance remains at 1.3800, and a break of support at 1.3700 could deepen the correction.

The hourly chart shows a recent bounce from the level of 1.3760, however, the price is currently declining, testing support at 1.3730. The RSI is approaching the oversold level, which may suggest a potential short-term bounce. The nearest resistance is at 1.3760, and further declines may find support at 1.3700.

On the 15-minute chart of USD/CAD, we observe a weakening after a previous increase. The price oscillates around 1.3740 with possible support at 1.3730. The RSI indicates the possibility of further selling pressure, although a short-term rebound is possible if the level of 1.3730 is defended.

Options data for FXC indicates a very bullish sentiment, with a dominance of call options over puts. Key call levels are $80 (+14.3%) and $75 (+7.1%), which translates into a possible rise in USD/CAD. High open interest in puts at $70 suggests strong support. The Put/Call Ratio at 0.13 confirms the dominance of bulls, which may indicate further increases in the value of USD/CAD.

The analysis of the USD/CAD chart suggests that the currency pair is in an upward trend, with key support at 1.3700. Options data and technical indicators suggest further growth, with resistance at 1.3800. Market sentiment is bullish, which supports the upward scenario. Key levels to watch are 1.3700 as support and 1.3800 as resistance.