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Morning market review - Thursday, July 9, 2026

Technical analyses of 12 instruments with options data

Kacper MrukJuly 9, 2026Updated: July 9, 20261 min read

Morning Market Review

The morning market review indicates moderate tension, as reflected by the Fear & Greed index, which stands at 42, signaling the dominance of fear among investors. In the context of the current Fed interest rate, set at 3.50-3.75, the upcoming FOMC meeting scheduled for July 29, 2026, raises additional emotions in the markets. In today's analysis, we will examine 12 different instruments to assess their potential reactions to changing macroeconomic conditions.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin remains in a downtrend, but recent days show consolidation around the level of 62,000 USD. This area represents key technical support. Trading volume is moderate, which may suggest a lack of decisive pressure from buyers or sellers. The RSI is approaching the neutral level of 50, which may indicate a potential continuation of consolidation before determining the further direction.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, there is a bounce from the support level at 61,000 USD, with an attempt to break the resistance at 63,000 USD. The moving averages are converging, which may suggest an upcoming trend change. The MACD shows a buy signal, but the volume does not yet confirm a strong upward movement. The current range of volatility is 61,000 - 63,000 USD.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin shows a short-term rebound from the lowest level of 61,900 USD. The price is approaching the resistance zone of 62,800 USD, where increased selling activity was previously recorded. The bullish momentum is visible, but the volume remains below average, which may limit further gains without additional support.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

The 15-minute chart indicates a dynamic rebound towards 62,800 USD. The increases are supported by short-term moving averages, however, the lack of clear volume may suggest a potential halt in movement before reaching resistance. Key support is located at 62,400 USD.

Bitcoin - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.49. The largest open interest for call options is at a strike of 35 USD, which suggests expectations of price stabilization. The max pain level is 30 USD, which may act as psychological support. The volume of call options significantly exceeds the volume of put options, which may suggest further bullish expectations.

Bitcoin - Summary

Bitcoin is in a consolidation phase with key support at 61,000 USD and resistance around 63,000 USD. The options sentiment is bullish, suggesting the possibility of further increases. Key levels to watch are 62,800 USD as resistance and 62,000 USD as support. The overall bias remains neutral-bullish, with potential upward momentum on increased volume.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart, Ethereum is struggling with resistance around 1800 USD. The support level is located around 1600 USD, which has been tested several times in recent weeks. The current trend is sideways with a slight downward tendency, and trading volume remains relatively low. Technical indicators suggest a lack of clear direction, which may indicate further consolidation in the near future. A breakout above 1800 USD could confirm the beginning of a new upward trend.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum shows signs of a potential rebound after reaching local support at 1720 USD. The upward movement is supported by increasing volume, which may suggest a continuation of gains in the short term. The nearest resistance is at 1780 USD, and breaking it could open the way for further increases. RSI indicators are beginning to indicate a bullish advantage.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart of Ethereum shows a short-term upward movement after bouncing from the level of 1720 USD. The price is currently oscillating around 1750 USD, with potential resistance at 1760 USD. Technical indicators, such as MACD, suggest bullish momentum, but the volume is not yet sufficient to confirm a lasting move. If the volume increases, it may indicate further buying pressure.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart of Ethereum, there is an attempt to break the level of 1750 USD. Local support is at 1735 USD, and short-term resistance is at 1755 USD. Indicators suggest a bullish trend, but the volume is volatile, indicating the possibility of a correction. Quick movements in this interval may lead to frequent direction changes, which requires caution.

Ethereum - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.08. The majority of open interest (OI) is concentrated on calls, particularly at the $14 strike, which suggests bullish expectations. The key max pain level at $14 may act as a psychological barrier. High OI on calls at the $14 and $20 strikes indicates potential further increases, as long as the market maintains its current momentum.

Ethereum - Summary

Ethereum shows signs of a rebound from key support at 1720 USD. The options sentiment is very bullish, which may support further increases. Key resistance levels are 1780 USD and 1800 USD, while support is at 1720 USD. If the current upward trend continues, it is possible to reach the max pain level at 14 USD in the ETF, which corresponds to an increase in ETHUSD. Despite the current fear in the market, options data suggests a bullish direction.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart, Gold XAUUSD is in a downtrend, but recently it has started to bounce off the level of 4000. Currently, the price is 4103, which suggests the possibility of testing higher levels. Key resistance is around 4250, while support is at 4000. Volume indicates increased interest, which may suggest a potential trend reversal, but only a breakout above 4250 would confirm a change to an uptrend.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart shows the formation of a local rebound from the level of 4000. The current level of 4103.49 is the result of a bullish impulse. The price is testing short-term resistance at the level of 4125. Breaking through this level may open the way for further increases towards 4200. Short-term support is at the level of 4075, which may be tested during a correction.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, there is a continuation of the upward movement with local support at the level of 4080. The price oscillates around 4103.15, and the short-term resistance is located around 4125. Technical indicators may suggest a temporary overbought condition, which could lead to a short-term correction. Maintaining support at 4080 will be crucial for the continuation of the upward trend.

Gold - 15-minute chart

Gold - 15-minute chart

On the 15-minute chart, Gold XAUUSD shows a bullish impulse from the level of 4080 to 4102.835. The current movement indicates the strength of buyers, but there is resistance around 4110. With increased volume, the price may attempt to break this level, although a correction to 4090 is also possible with lower volume.

Gold - Options Data

Options data for GLD indicates a very bullish sentiment with dominant open interest at call levels. The $395 strike (7.6% above ATM) reaches the highest open interest at 6781, indicating a bullish target. The lack of activity in put options confirms the advantage of bulls. Maintaining this momentum could lead to further appreciation of Gold, especially if the current support levels are maintained.

Gold - Summary

Gold XAUUSD is in a short-term uptrend, with key resistance at 4125 and support at 4080. Options data indicates a bullish sentiment, confirming the potential for increases. The market sentiment, although generally 'Fear', does not negatively impact the current gold quotes. Key levels to watch are 4125 as resistance and 4080 as short-term support.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

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Silver - 4H Chart

Silver - 4H Chart

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Silver - 1H Chart

Silver - 1H Chart

Error generating H1 analysis

Silver - 15-minute chart

Silver - 15-minute chart

Error generating M15 analysis

Silver - Summary

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S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, consolidation is visible after a strong increase from previous months. Currently, the price oscillates around the level of 7482 points. Key support is located around 7400, while resistance is at 7500. Maintaining the price above 7500 may suggest a continuation of the upward trend. We also observe a decrease in volume, indicating lower investor activity, which may lead to further consolidation before a significant move.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, it can be seen that the S&P 500 price is moving in a narrow range between 7460 and 7500 points. The price is testing the lower boundary of this range, which may suggest a potential rebound. Technical indicators indicate a neutral sentiment; however, a breakout above 7500 may attract more buyers. It is worth monitoring the volume, which may provide clues about the direction of the breakout from the current consolidation.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows a slight rebound from the level of 7460, which may suggest an attempt to return to higher levels. The price is moving in a sideways channel and is below 7500, which constitutes a local resistance. Buying pressure may increase if the price breaks this level. Momentum indicators are mixed, indicating a lack of clear direction in the short term.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

On the 15-minute chart, we see a short-term rebound from the level of 7460 points. The price is approaching local resistance at 7480, and breaking this level could lead to a test of 7500. The sentiment is temporarily positive, but the lack of larger volume may limit the growth potential. It is worth observing the price reaction around 7480.

S&P 500 - Options data

Options data indicates a very bullish sentiment with a Put/Call Ratio of 0.00, suggesting a dominance of calls. Key call option levels are 750, 746, and 755, indicating bullish expectations. The lack of open put positions suggests that investors do not foresee significant declines. The Max Pain level at 750 may act as a magnet for the price, attracting it in that direction.

S&P 500 - Summary

The current sentiment on the S&P 500 is mixed with a bullish advantage, but the level of 7500 acts as a key resistance. Options data is very optimistic, suggesting that investors expect further increases. Key levels to watch are 7460 as support and 7500-7510 as resistance. A breakout above 7500 may lead to further gains, while a drop below 7460 may suggest a correction.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart, WTI crude oil is clearly in a downtrend for several months, but the last few days have brought a rebound from around 65 USD. Currently, the price is around 73.34 USD, which suggests potential consolidation in the range of 70-75 USD. The main resistances are around 75 USD, while supports are near 70 USD. The candle from the previous day indicates possible further declines, but the current dynamics may suggest an attempt to rebound.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, it can be seen that the price of WTI crude oil, after reaching a local peak of around 75 USD, has started to decline. It is currently consolidating between 72 and 74 USD. The trading volume is moderate, which may indicate a lack of decisiveness among investors. If the price breaks above 74 USD, a move towards 76 USD is possible. Support at the level of 72 USD remains key.

Oil - 1H Chart

Oil - 1H Chart

On the hourly chart, WTI crude shows instability with local peaks at 74 USD and troughs near 72.50 USD. Current movements suggest consolidation, but selling pressure is evident. Indicators may suggest slight oversold conditions, which could lead to a short-term rebound. A break above 73.50 USD could open the way to 74 USD.

Oil - 15-minute chart

Oil - 15-minute chart

On the 15-minute chart, WTI crude oil is in a narrow trading range between 73 and 73.50 USD. The current price action indicates a possible base formation, which may lead to a breakout in the near future. Key levels to watch are 73.50 USD as resistance and 73 USD as support.

Oil - Options data

Current options data for USO indicates a very bullish sentiment with a low put/call ratio of 0.04. Call options dominate, especially at the levels of 110 and 120 USD, suggesting bullish expectations. Key support for put options is at the level of 95 USD. Open interest is significantly higher for call options, which may indicate greater confidence in further increases in oil prices.

Oil - Summary

Analysis indicates mixed signals for WTI crude oil, with short-term consolidation between 72 and 74 USD. Options data suggest bullish sentiment, but the current price action is unstable. Key resistance levels are 74 and 75 USD, while support levels are 72 and 70 USD. The bias remains neutral-bullish, with a potential upward rebound if the current resistances are overcome.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, an upward correction is visible after previous declines. The price is approaching the resistance level around 1.1500, which may pose a challenge for further increases. Technical indicators signal a possible trend reversal, but there are no strong signals. Volume is increasing, which may suggest greater investor involvement in the current movement. The key support remains at the level of 1.1300, which previously acted as resistance.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart of EUR/USD, an upward impulse can be observed approaching a significant resistance level at 1.1450. The momentum indicators are in an upward mode, suggesting that bulls may attempt to break through this level. However, the RSI is nearing overbought levels, which may indicate the possibility of a short-term correction. Support is located at 1.1380.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

On the hourly chart of EUR/USD, we see a strong upward movement that has brought the price to the level of 1.1440. We are observing a candlestick formation indicating a possible exhaustion of buying power. Technical indicators, such as RSI, are in the overbought zone, which may suggest an upcoming correction. The nearest support is around 1.1400.

Euro/Dollar - 15min Chart

Euro/Dollar - 15min Chart

The 15-minute chart of EUR/USD shows a dynamic upward movement that is starting to stabilize around the level of 1.1440. We are observing a possible consolidation that may precede a downward correction. Indicators such as MACD are beginning to indicate potential weakening of the upward trend strength. Local support is at the level of 1.1420.

Euro/Dollar - Options data

Options data for FXE indicates a very bullish sentiment with a low put/call ratio of 0.18. The largest open interest for call options is observed at the $109 level (+4.8% from ATM), which suggests expectations for further increases in EUR/USD. The max pain level is $106, which may act as a short-term resistance in the event of a correction. Call volume is significantly higher than put volume, highlighting the advantage of bulls.

Euro/Dollar - Summary

EUR/USD is showing a bullish sentiment approaching key resistance at 1.1450. In the short term, a correction is possible due to overbought indicators. Key support levels are 1.1400 and 1.1380, while resistance is at 1.1500. The options sentiment also indicates further increases, supporting the bullish bias. Investors should watch for price reactions at the current resistance levels.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

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Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

Error generating H4 analysis

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

Error generating H1 analysis

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, a correction is visible after the previous decline. The price is currently oscillating around the level of 0.6940, with local support around 0.6850. We are observing a reversal of the downward trend, but the RSI remains in the neutral range, suggesting a lack of clear buying strength. Key resistance is at the level of 0.7000, which may be tested in the event of further rebound.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart, the AUD/USD price is approaching the upper boundary of the local uptrend channel. Current quotes are oscillating around the level of 0.6940, and the upward momentum may encounter resistance around 0.6960. The MACD signals a potential increase, however, the volume remains moderate, which may suggest the possibility of a downward correction.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows consolidation in the range of 0.6920-0.6945. The price has bounced off the lower boundary, which may indicate an attempt to continue the upward trend. Short-term indicators, such as RSI, are neutral, which may suggest further uncertainty. A breakout above 0.6945 will be key, as it will open the way to test the level of 0.6960.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart of AUD/USD, there is short-term buying pressure that has raised the price to the level of 0.6940. An upward momentum is observed, however, the proximity of local resistance at 0.6945 may limit further increases. Momentum indicators suggest a possible correction downward if this level is not broken.

Australian Dollar/Dollar - Options Data

The Put/Call ratio is 2.52, indicating a dominance of put options and confirming a bearish sentiment. Key support levels for put options are 65, which is -4.4% from ATM, suggesting possible pressure for further declines. The maximum pain is set at 70, meaning that investors may seek stabilization around this level, even though the current sentiment remains negative.

Australian Dollar/Dollar - Summary

AUD/USD is in a corrective upward phase, but the overall market sentiment remains bearish, as confirmed by the high put/call ratio. Key resistance levels are 0.6960 and 0.7000, while support is at 0.6850. Given the current sentiment and options data, further downward pressure is possible unless the price breaks 0.6945 and maintains upward momentum.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

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Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

Error generating H4 analysis

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

Error generating H1 analysis

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

Error generating M15 analysis

Dollar/Yen - Summary

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Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, there is a continuation of the upward trend, although recently the price encountered resistance around 0.8100. Currently, the price is oscillating around 0.8050, which may suggest a correction before further increases. Key support is located at the level of 0.8000, and its breach could initiate a deeper correction. However, as long as the price remains above this value, the outlook remains positive with the potential to test higher levels in the coming days.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart of USD/CHF, consolidation is visible after recent increases. The price is currently oscillating between 0.8040 and 0.8100. A break of support at 0.8040 may lead to further correction towards 0.8000. On the other hand, if the rate breaks the resistance at 0.8100, further increases are possible. Technical indicators suggest a possible correction in the short term.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

On the hourly chart of USD/CHF, there is slight selling pressure after reaching resistance at 0.8090. The price is currently testing support around 0.8050. If this level is broken, a possible target for sellers will be 0.8020. In the case of a rebound, resistance at 0.8090 still remains a key level to break for the resumption of the upward trend.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart of USD/CHF, we observe a short-term weakening, with support at 0.8050. Selling pressure may lead to a test of this level, and its break could open the way to 0.8030. Conversely, a rebound from the current levels may result in a retest of resistance at 0.8070. The situation is dynamic, with possible rapid changes.

Dollar/Franc - Options data

Options data for FXF indicates a very bullish sentiment, with a low put/call ratio of 0.10. Key call option levels are $108 (+0.9% from ATM) and $111 (+3.7% from ATM), suggesting bullish expectations. The max pain level is $108, which aligns with the first call level. High volume and open call positions suggest that investors anticipate further increases in USD/CHF.

Dollar/Franc - Summary

USD/CHF shows a bullish sentiment with key support at 0.8000 and resistance around 0.8100. In the short term, a correction is possible, however, market sentiment and options data indicate upward potential. Key levels to watch are 0.8050 as support and 0.8090 as resistance to break. The overall bias remains bullish.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, we observe a strong upward trend, which is currently showing signs of correction. The price is approaching support around 1.4100, which could be a turning point if buyers decide to defend this level. The RSI is nearing neutral levels, suggesting the possibility of further consolidation before the next move. In the event of a break below support, the next target could be 1.4000.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart of USD/CAD, consolidation is visible after a previous strong uptrend. The price oscillates in a narrow range between 1.4150 and 1.4200. We are observing lower highs, which may suggest potential for further correction. Technical indicators, such as MACD, are beginning to indicate a possible change in momentum to a more bearish stance.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

The hourly chart shows a continuation of the downward movement from the last few days. The price is approaching local support at the level of 1.4140. We are observing an increase in volume during declines, which may indicate the strength of sellers. A potential break of 1.4140 could open the way to the next support at the level of 1.4100.

Dollar/Canadian Dollar - 15-minute Chart

Dollar/Canadian Dollar - 15-minute Chart

On the 15-minute chart of USD/CAD, there is consolidation around the level of 1.4160. The lack of a clear direction may suggest waiting for significant macroeconomic data. The current range of fluctuations is 1.4150-1.4170. The RSI indicator indicates a neutral sentiment, which may suggest a lack of a clear advantage for either side in the short term.

Dollar/Canadian Dollar - Options Data

Options data on FXC indicates a very bullish sentiment with a low put/call ratio of 0.34. Key call levels are significantly above the current price, with the largest open interest at the $81 strike. The max pain level at $81 may suggest that the market expects further increases. However, there are also significant put levels below ATM, which may indicate some hedging against declines.

Dollar/Canadian Dollar - Summary

USD/CAD is in a correction phase after a prolonged uptrend. Key support is at 1.4100, and resistance is at 1.4200. The options sentiment is bullish, but the current correction may deepen if support is broken. Key levels to watch are 1.4140 and 1.4100. The overall bias remains neutral to slightly bullish, with the possibility of further consolidation before a larger move.

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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