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Morning market review - Thursday, March 19, 2026

Technical analyses of 12 instruments with options data

Kacper MrukMarch 19, 2026Updated: March 19, 20261 min read
Morning market review - Thursday, March 19, 2026

Today's morning in the financial markets is characterized by an atmosphere of extreme caution, as reflected by the Fear & Greed index, which stands at 18, indicating extreme fear among investors. The upcoming FOMC decision and the current Fed interest rate in the range of 3.50-3.75% still raise doubts about future movements in the markets. Today, data from Australia regarding the unemployment rate and changes in employment will be particularly important, as well as events related to Japan's monetary policy. In this overview, we will look at 12 key instruments, analyzing their reactions to the upcoming macroeconomic information.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin has been moving in a downward trend since the beginning of the year, confirmed by lower lows and highs. The current price is around 70,718 USD, and the nearest support is around 68,000 USD. Resistance can be observed at the level of 72,000 USD. The volume indicates a weakening of selling pressure, which may suggest a potential consolidation or upward correction in the short term.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin remains below 71,000 USD after the recent bounce from resistance at 72,000 USD. Currently, the price is testing the support level at 70,000 USD. Technical indicators show signs of oversold conditions, which may result in a short-term bounce. Key levels to watch are 70,000 USD as support and 71,000 USD as resistance.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin is in a consolidation phase, oscillating in a narrow range between 70,500 and 71,000 USD. The current momentum is weak, suggesting a lack of a decisive direction in the short term. A breakout of either of these levels could signal further movement. Indicators point to a neutral stance with a slight bearish bias.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

The 15-minute analysis shows price stabilization around 70,700 USD. The narrow trading range indicates possible accumulation before a larger move. Technical indicators are neutral, which may suggest indecision among traders. The nearest local support is 70,500 USD, and resistance is 71,000 USD.

Bitcoin - Options data

Option data indicates a very bullish sentiment with a dominance of call positions. The Put/Call ratio at 0.09 suggests that investors expect the price of BTC to rise. The largest open call positions are at levels of 50 USD and 45 USD for IBIT, which corresponds to significant increases in BTCUSD. The max pain level at 50 USD suggests that the market could be aiming for this value in the long term. Put supports are less numerous, which further emphasizes the bullish mood.

Bitcoin - Summary

Analysis indicates a short-term downtrend with the possibility of a corrective upward movement. Key levels are 70,000 USD as support and 72,000 USD as resistance. Options data and a very low put/call ratio suggest long-term bullish sentiment. It is worth monitoring the levels of 71,000 USD on h4 and h1 for clues regarding the direction of movement. Market sentiment is complicated by extreme fear, which may lead to volatility.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, a downward trend is visible, with local support at the level of 2000 USD. The current rebound suggests an attempt at correction, but resistance at the level of 2400 USD may pose a challenge. The current level of 2186 USD indicates the possibility of further consolidation. Volume remains volatile, suggesting uncertainty in the market. It will be crucial to maintain support and break through resistance to confirm a potential upward trend.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum encounters resistance around 2250 USD. The price has broken through support at 2150 USD, which may suggest further weakening. Technical indicators indicate selling pressure. If the price does not return above 2200 USD, a further decline towards 2100 USD is possible. Trading volume indicates potential further volatility.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows consolidation in a narrow range between 2150 and 2200 USD. Currently, the price has bounced off the lower boundary of this range, but the lack of a clear direction may hinder investment decisions. Increases will be limited if there is no breakout above 2200 USD. We are observing lower volume, which may suggest waiting for an impulse.

Ethereum - 15min Chart

Ethereum - 15min Chart

On the 15-minute chart, there is a slight bounce from the support level at 2150 USD, but there is no clear direction. The price is oscillating around 2180 USD, and volatility is limited. Short-term traders may look for signals to break out of the current range. It will be crucial to maintain support to avoid further declines.

Ethereum - Options data

The Put/Call ratio at 0.40 indicates a strong advantage for bulls, which supports a bullish sentiment. Key call levels are 17, 18, and 20 USD, with the highest open interest at 20 USD. The max pain level is 16 USD, suggesting possible price pressure towards this level in the short term. High interest at the 20 USD level may indicate potential upward targets.

Ethereum - Summary

Ethereum is showing signs of consolidation with key support at 2150 USD and resistance at 2250 USD. Options indicate a bullish sentiment, however, the max pain level at 16 USD may limit the gains. Maintaining support and breaking above 2250 USD will be crucial to confirm a potential upward move. Macro events may influence volatility.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of gold (XAUUSD), there is a clear downward trend, with the price oscillating around 4769. In recent days, there has been a significant decline, and the current support level is around 4700. The sell-off is supported by increased volume, suggesting a continuation of selling pressure. The key resistance level is 4900, a breakout of which could reverse the current trend.

Gold - 4H Chart

Gold - 4H Chart

On the 4-hour chart, gold continues to decline, with quotes currently close to the level of 4771. Recent sessions have shown sharp downward movements, with a noticeable increase in volume. Support is at the level of 4750, and the nearest resistance is at 4850. The trend remains negative, and further declines are likely if support is broken.

Gold - 1H Chart

Gold - 1H Chart

The hourly chart shows strong downward movements, with the price of gold currently at 4766. The last few hours have brought dynamic declines, with minimal attempts to rebound. Support is around 4740, and resistance is at 4800. The trend is clearly downward, and the lack of buying strength may lead to further declines.

Gold - 15min Chart

Gold - 15min Chart

On the 15-minute chart, there is a continuation of selling pressure, with the price of gold at 4765. Quick downward movements dominate, and the nearest support is at 4750. Resistance is at 4780. The short-term trend is strongly bearish, and the lack of a clear rebound suggests the possibility of further declines.

Gold - Options data

Options data indicates a very bullish sentiment with a put/call ratio of 0.00, which means there is no interest in put options. The largest open positions are at the level of 330 USD, indicating potential maximum pain for investors. Open interest in call options is significantly higher than in put options, which may suggest further increases in the long term, despite the current correction.

Gold - Summary

Gold XAUUSD is currently in a strong downtrend across all analyzed timeframes. Key support is at 4740, with resistance at 4900. Despite bullish options sentiment, the short-term trend remains negative. Investors should monitor levels 4750-4800 to assess potential changes in market dynamics.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, a clear downtrend is visible, with the price currently oscillating around the level of 72.40. Recent candles show an increased pace of declines, suggesting selling pressure. The current support level is at 70.00, and the nearest resistance is at 75.00. Technical indicators, such as RSI, suggest the possibility of being oversold, but there are no signals of a trend reversal.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, we observe a continuation of declines with a clear resistance level at 74.50. The price is testing lower levels, which may suggest further weakening. The current support level is around 71.00. The MACD and RSI indicators confirm the negative sentiment, however, a short-term technical rebound is possible.

Silver - 1H Chart

Silver - 1H Chart

The hourly chart shows a strong bearish impulse, with prices testing levels close to 72.00. The trend remains negative, and the nearest resistance is at 73.00. Technical indicators, such as the stochastic RSI, suggest a possible short-term rebound, but the overall direction remains bearish.

Silver - 15min Chart

Silver - 15min Chart

On the 15-minute chart, volatility and selling pressure are visible, with short-term support around 72.20. Prices are trying to stabilize, but there are no clear reversal signals. Current resistance is at 72.80, which may limit potential rebounds.

Silver - Options Data

Options data indicates a very bullish sentiment, with a put/call ratio of 0.00 and a dominance of calls. The greatest interest is observed at the $80 strike, suggesting expectations for increases. Nevertheless, the current price is below the max pain level of $80, which may limit short-term gains. The volume of calls significantly exceeds puts, confirming optimism among investors.

Silver - Summary

The current sentiment on XAGUSD is negative, with a clear downward trend on the charts. Key levels are support at 70.00 and resistance at 75.00. Despite the bullish sentiment in the options market, silver prices may still decline. Macroeconomic events and data may affect volatility, and investors should monitor levels 72.00 and 74.50 as short-term support and resistance.

S&P 500 - Daily Chart (D1)

S&P 500 - Daily Chart (D1)

On the daily chart of the S&P 500, a continuation of the downward trend that started from the peaks in February is visible. The current price is around 6624.71, which indicates a significant drop from levels above 7000. A break of the key support level at 6700 may suggest further weakening of the index. The volume remains relatively high, which may indicate increasing selling pressure. The RSI is approaching oversold levels, which may suggest the possibility of a short-term rebound.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, a strong downward trend is visible, which has dominated recent sessions. The price has fallen below the key support level of 6650, which may open the way for further declines towards 6500. We are observing an increase in volume during the declines, which confirms the selling pressure. MACD indicates further weakening, with the signal line below zero.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows dynamic downward movements, with support at the level of 6600. If this level is broken, a further decline to 6550 will be possible. Downward impulses are confirmed by increasing volume and negative signals from oscillators. Quick rebounds may encounter resistance around 6675.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

In the last 15 minutes, consolidation is visible after a sharp downward movement. The price is oscillating around 6620-6630, which suggests that the market is looking for direction. Support at the level of 6610 should be monitored, while resistance is at 6640. We are observing low volatility, which may be a precursor to a larger movement.

S&P 500 - Options data

Option data indicates a very bullish sentiment with a dominance of call positions. The Put/Call ratio is 0, highlighting a lack of interest in put positions. The largest open interest is at the $700 strike, suggesting that investors expect a rise above this level. Despite the positive sentiment, current market conditions and extreme fear may limit short-term growth potential.

S&P 500 - Summary

Current conditions on the S&P 500 indicate a continuation of the downward trend, with key support at 6600. Extreme fear and selling pressure may lead to further declines. The options sentiment is positive, but the risky macroeconomic environment may limit gains. Key levels to watch are 6550 as support and 6700 as resistance. The bias remains bearish, but short-term technical rebounds are possible.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily chart, WTI crude oil continues its upward trend, although the price is currently in a correction phase after a recent peak. Key support is around 90 USD, and resistance is at 100 USD. Moving averages remain in an upward arrangement, confirming bullish sentiment. The current correction may be an opportunity to buy, but it is worth monitoring for a potential breakout above the 100 USD level, which would open the way for further increases.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, consolidation is noticeable in the range of 95-98 USD. Technical indicators, such as RSI, suggest a possible exhaustion of buying strength, which may lead to a short-term correction. A breakout below 95 USD could direct the price to support at 92 USD. On the other hand, a breakout above 98 USD will be a signal to continue the upward trend.

Oil - 1H Chart

Oil - 1H Chart

The hourly chart shows consolidation with slight downward pressure. The price oscillates around 96 USD, indicating market indecision. The MACD indicator suggests a possibility of a decline, but there is a lack of clear momentum. In the event of a break below 95.50 USD, a further drop to 94.50 USD is possible. Conversely, a break above 97 USD may lead to a test of resistance at 98 USD.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute chart, there is slight volatility with local support at 95.80 USD and resistance at 96.80 USD. Oscillators indicate a neutral sentiment, suggesting a lack of clear direction. A breakout of either of these levels may suggest a short-term change in price direction.

Oil - Options data

Option data indicates a very bullish sentiment with a zero put/call ratio. High interest in call options at the $120 level confirms expectations for further increases. The lack of open put positions suggests limited interest in hedging against declines. "Max Pain" at the $120 level may influence price stabilization in the short term, favoring bulls.

Oil - Summary

WTI crude oil is in an upward trend, although currently in a correction phase. Key levels are 90 USD as support and 100 USD as resistance. Options and technical data indicate a bullish sentiment, however, short-term consolidation may bring a correction. A break above 98 USD will open the way to new highs, while a drop below 95 USD may lead to further correction.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, a clear downtrend is visible, which started in February. The pair is approaching support at 1.1400, which may trigger a short-term rebound. Moving averages indicate further decline, with the 50-day average above the 200-day average. The RSI is in the oversold zone, suggesting a possible rebound, but the overall sentiment remains bearish.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

The 4-hour chart shows a continuation of declines towards the support level at 1.1400. Recent candles indicate a possible consolidation in this area, but there is a lack of a clear trend reversal signal. The trading volume is moderate, and the RSI indicates slight overselling, which may suggest an upward correction.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

On the hourly chart of EUR/USD, it can be seen that the pair is oscillating around the level of 1.1460. The price is below the 50-hour moving average, which suggests further selling pressure. The RSI is approaching the neutral level, but there are no clear reversal signals. Support at the level of 1.1440 may be tested in the near future.

Euro/Dollar - 15min Chart

Euro/Dollar - 15min Chart

The 15-minute chart shows short-term consolidation around 1.1460. The price is moving in a narrow range, suggesting a possible breakout. The volume is low, which may indicate a lack of conviction among investors. The nearest support is at 1.1450, and resistance is at 1.1470.

Euro/Dollar - Options data

Option data for FXE indicates a clear bearish sentiment, with a Put/Call ratio of 4.70. The largest open put positions are at $105, which corresponds to a 1.0% increase from the current price. Max Pain at $108 suggests potential support for EUR/USD at 1.1830. Overall option sentiment confirms downward pressure in the market.

Euro/Dollar - Summary

EUR/USD is in a downtrend with key support at 1.1400. Options data and market sentiment indicate a bearish advantage. Key levels to watch are 1.1400 as support and 1.1500 as resistance. The current fear sentiment suggests caution in making investment decisions.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

On the daily chart of GBP/USD, we observe a continuing downward trend. The price is moving below key moving averages, which suggests further downside pressure. Current support levels are around 1.3200, and key resistance is at 1.3400. The RSI indicates possible oversold conditions, but there are no signals of a trend reversal. Given the strong market sentiment, further weakening of the pound against the dollar is possible.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart of GBP/USD, a continuation of the decline is visible. The recent bounce around 1.3250 suggests potential short-term support. However, the price remains below the 50-period moving average, which keeps the selling pressure intact. Key resistance levels are at 1.3350, while short-term support remains at 1.3200. The trend is still bearish.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

The hourly chart shows consolidation near the level of 1.3260 after recent declines. Selling pressure remains, and the price has not been able to break above 1.3300, indicating limited buying strength. Short-term support is at 1.3240, and key resistance is at 1.3300. Oscillators indicate neutral levels, suggesting possible consolidation.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart, GBP/USD is consolidating between 1.3250 and 1.3270. There is a short-term stabilization after previous declines. The volume is moderate, which may suggest a lack of decisiveness in the market. The nearest support is at 1.3250, while resistance is forming at 1.3270. The sentiment remains cautious with the possibility of testing lower levels.

Pound/Dollar - Options data

The options data for FXB indicates a clearly bearish sentiment. The Put/Call ratio at 37.23 suggests a dominance of put options, which confirms the downward pressure. Key support levels are 126 (strike 127 and 125), with significant open interest. Max Pain at 130 suggests a potential rebound, however, the current market structure indicates further weakening of GBP/USD.

Pound/Dollar - Summary

GBP/USD is in a downtrend across all observed timeframes. Key support at 1.3200, and resistance at 1.3300. Market sentiment is negative, as confirmed by options data and the Fear & Greed Index at the level of Extreme Fear. Macroeconomic events, particularly decisions from the Bank of England, may influence volatility, but currently, the advantage remains with the bears.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, we observe consolidation around the level of 0.7030 after a previous dynamic increase. The price oscillates around moving averages, which may suggest a potential weakening of momentum in the near future. Key support is at the level of 0.7000, while resistance is at 0.7070. Technical indicators are mixed, indicating a lack of clear direction. Attention to macroeconomic events that may affect volatility.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart, a double top formation is visible in the area of 0.7050, indicating a potential reversal of the upward trend. The price is testing support at the level of 0.7020. A failure to break this level may result in a bounce upwards, while a breakout will open the way for further declines towards 0.6980.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

On the hourly chart, AUD/USD recently bounced off the support at 0.7020, suggesting a short-term rebound. The price is approaching resistance at 0.7040. The RSI indicator indicates possible oversold conditions, which may support a short-term upward movement. Volatility remains moderate, and key support and resistance levels will be significant for further movements.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart, the price oscillates in a narrow range between 0.7025 and 0.7035, indicating a temporary consolidation. Technical indicators do not provide clear signals, and the volume remains low. Maintaining support at the level of 0.7020 may lead to a short-term increase, while a breakout could attract further declines.

Australian Dollar/Dollar - Options Data

Options data for the FXA ETF indicates a moderately bullish sentiment with a Put/Call Ratio of 0.61. The highest interest in calls is at $66 and $70, which corresponds to -4.3% and +1.4% from the current AUD/USD price. The max pain level is at $66, which may suggest stability around this level. Open interest indicates greater demand for call options, supporting the bullish outlook.

Australian Dollar/Dollar - Summary

The overall sentiment on AUD/USD is mixed. On the daily chart, the dominance of consolidation suggests a lack of clear direction. Options data supports a bullish outlook, but market volatility and extreme fear (Fear & Greed Index: 18) may lead to unpredictable movements. Key levels are support at 0.7000 and resistance at 0.7070. Macro events may influence further volatility.

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 the price close to local highs at 159.74. The daily candle indicates a slight correction, which may suggest short-term resistance. Support areas are located near 157.50, where previous local minima may act as a stopping point for declines. If the price breaks through the current highs, the next upward targets may be around 161.00.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, we observe consolidation near the level of 159.74 after previous increases. Price movements are limited, which may suggest a potential breakout upwards or a correction to support at the level of 158.50. The current sentiment is moderately bullish, however, the lack of a clear direction may indicate the need for additional momentum for further dynamics.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows a slight rebound after the correction, with the price oscillating in a narrow range. The current level of 159.74 acts as local resistance, while support is visible around 159.00. Upsides may be limited without a clear breakthrough of resistance, and further declines may test the mentioned support.

Dollar/Yen - 15-minute chart

Dollar/Yen - 15-minute chart

On the 15-minute chart, there is slight volatility, and the price is moving within the range of 159.60-159.80. Short-term support is at the level of 159.60, while resistance is close to 159.80. Movements may be limited, indicating a possible consolidation before a larger move.

Dollar/Yen - Options data

Options data on FXY indicates a very bullish sentiment with a low put/call ratio of 0.20. The main resistance levels are at the strike of $60, which translates to a 5.3% increase in USD/JPY. Large open positions on calls suggest potential increases, however, market fear (Fear & Greed Index: 18) may limit momentum. The maximum pain of the market (Max Pain) is at $60, which may suggest a tendency towards this level.

Dollar/Yen - Summary

USD/JPY shows a bullish sentiment, which supports the upward momentum. Key support is at 158.50, and resistance is at 159.74. Options data indicates potential increases, but market fear may limit movements. Key levels are 159.00 as support and 161.00 as resistance. Macro events may provide impetus for the direction of movement.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

On the daily chart of USD/CHF, it can be seen that the pair is in an uptrend after a previous decline. The current price oscillates around 0.7924, indicating the possibility of a correction. Support is located around 0.7850, while resistance is at 0.8000. Technical indicators suggest further consolidation, but current macro events may affect price volatility.

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

On the 4-hour chart, the USD/CHF pair shows a strong upward movement with a correction upwards. The price has broken through the resistance at 0.7900, which may suggest further increases. Support is located at 0.7800, and the nearest resistance is at 0.7950. The current macroeconomic situation may affect further movements in the short term.

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

The hourly chart shows consolidation after a strong upward movement. The price oscillates around 0.7920. Support is at 0.7880, and resistance is at 0.7940. Technical indicators suggest a possible correction, but momentum remains positive. The situation may change dynamically depending on macroeconomic data.

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

On the 15-minute chart, there is an attempt to maintain the level of 0.7920, indicating a temporary stabilization after previous increases. The nearest support is 0.7910, and resistance is 0.7930. Trading within this range suggests a lack of a decisive direction before the announcement of data.

Dollar/Franc - Options data

Options data for FXF indicates a very bullish sentiment with a low put/call ratio of 0.36. The largest open call positions are at levels of $113 and $111, which translates to potential increases in USD/CHF to 0.8100. The max pain is $108, which may indicate strong support in the event of declines. The current options structure suggests a bullish advantage in the market.

Dollar/Franc - Summary

USD/CHF is showing an upward trend, with key support at 0.7850 and resistance at 0.8000. Options data suggest a positive sentiment, but the overall market atmosphere is dominated by extreme fear. Macroeconomic events, including SNB decisions, may influence further movements. In the short term, volatility is expected, but long-term forecasts remain optimistic.

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

Error generating D1 analysis for USD/CAD

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

Error generating H4 analysis

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

Error generating H1 analysis

Dollar/Canadian Dollar - 15min Chart

Dollar/Canadian Dollar - 15min Chart

Error generating M15 analysis

Dollar/Canadian Dollar - Summary

Error generating summary

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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