Morning market review - Thursday, May 21, 2026

Error generating D1 analysis for Bitcoin

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On the daily chart, Ethereum is experiencing a downward trend, with the price approaching the level of 2100 USD. Clear resistance is observed around 2200 USD, while support is located in the area of 2000 USD. The gains from the end of 2025 have been erased, and the current trend indicates the possibility of further declines, especially if the price breaks the indicated support. Technical indicators, such as RSI, suggest the potential for continued selling pressure.

On the 4-hour chart, there is consolidation after the recent declines, with resistance around 2150 USD. The price remains below the moving averages, indicating ongoing bearish pressure. A breakout below the current levels could result in further declines towards 2050 USD. Technical indicators remain neutral, but with a slight tilt towards further declines.

On the hourly chart, Ethereum is oscillating around 2120-2130 USD. Recent movements indicate an attempt to bounce back, but there is a lack of significant upward volume. The RSI indicator is approaching the neutral level, which may suggest a temporary halt in declines. Key levels to watch are 2140 USD as resistance and 2100 USD as support.

The 15-minute chart shows a short-term consolidation in a narrow range of 2125-2130 USD. There is no clear direction, with a slight bearish edge. Buyers may attempt to defend the level of 2120 USD, but there are no clear buy signals. Short-term indicators suggest a possible continuation of the narrow consolidation.

Current options data shows a dominance of open put positions over calls, with a put/call ratio of 1.11, indicating a bearish advantage. Key support levels are at the 16 USD strike with high open interest. The Max Pain indicator at 18 USD suggests that the market may aim for this level to minimize options losses. Overall options sentiment remains bearish.

Ethereum is showing a downward trend across all time frames. Key support levels are around 2100-2000 USD, while resistance is in the 2150-2200 USD range. Market sentiment is bearish, as confirmed by options and technical data. So far, there are no reversal signals, indicating the possibility of further declines unless the price breaks through key resistances.

On the daily chart of XAUUSD, we observe a continuing downtrend, with the formation of lower highs and lows. The price remains below the moving averages, indicating further selling pressure. The nearest support is around 4400, while resistance can be seen in the area of 4600. The current volume does not show a significant increase, which may suggest a lack of capitulation from sellers or a lack of interest from buyers at this level.

On the 4-hour chart, there is consolidation around the level of 4525. Movements are limited, and volatility is decreasing, which may indicate a potential preparation for a larger move. Key levels are support at 4500 and resistance at 4570. Breaking either of these levels could initiate a more dynamic move towards the breakout.

On the hourly chart of XAUUSD, there is an attempt to bounce off the level of 4520, but there is still no clear strength from buyers. Short-term resistance is at 4540, while support is at 4510. The price is moving within a narrow range, suggesting potential consolidation before further movement. Observing the reaction at key levels may provide clues about the future direction.

On the 15-minute chart, the price of gold oscillates in a narrow range of 4520-4530. Volatility is low, which may indicate a lack of market conviction. A breakout above 4530 may open the way for testing higher resistance levels, while a drop below 4520 may initiate further downward movement.

Options data for GLD indicates a very bullish sentiment with a zero put/call ratio, which means a total lack of interest in put options. Key levels for call options are 418 (+2.0% from ATM), 460 (+12.2%), and 420 (+2.4%). Interest in call options is significant, which may indicate expectations of price increases. MAX PAIN is at the level of 418, which aligns with the market's bullish outlook.

Gold XAUUSD is currently under bearish pressure; however, options data suggests bullish sentiment, which could lead to a corrective rally. Key levels are support at 4500 and resistance at 4600. In the short term, a breakout of the narrow range 4520-4530 will be significant. The overall bias is neutral with a slight indication of a potential rebound, supported by options data and market sentiment.

On the daily chart of XAGUSD, silver is in a medium-term downtrend, with recent candles indicating consolidation around 75 USD. Technical indicators may suggest further downward pressure unless a breakout occurs above resistance at 78 USD. Current support is around 72 USD, and further decline may direct the price towards the 70 USD level. An increase in volume on the declines suggests growing selling pressure.

On the 4-hour chart, silver continues to form lower highs and lower lows, confirming a bearish trend. Technical indicators are neutral to slightly bearish. A break below the level of 74 USD may open the way for further declines. On the other hand, if the price rises above 76 USD, a short-term trend reversal may occur.

On the hourly chart, the price of silver is testing the support level around 75 USD. The current price action suggests that a short-term consolidation may occur. A break below 74.5 USD could accelerate the decline, while a bounce above 76 USD may indicate a potential upward move.

The 15-minute chart shows that the price of silver is in a short-term sideways trend, oscillating around the level of 75 USD. We are observing slight fluctuations, indicating a lack of a decisive direction. A breakout above 75.5 USD or below 74.5 USD could set the direction for the upcoming hours.

Options data for SLV indicates a very bullish sentiment with an almost zero put/call ratio and a dominance of open positions in calls. Key strike levels for calls are 70 USD (+3.7%) and 80 USD (+18.5%), suggesting expectations for price increases. Max Pain at 80 USD confirms the optimistic market sentiment. The volume of calls significantly exceeds the volume of puts, further strengthening the pro-growth sentiment.

Currently, XAGUSD is in a downtrend, with key support at 74 USD and resistance at 78 USD. Options data indicates a bullish sentiment, which may suggest a potential rebound if the current support levels hold. Key levels to watch are 74 USD as support and 78 USD as resistance. The bias is moderately bearish, but the bullish options sentiment may soon change the trend.

On the daily chart of the S&P 500, we see a continuation of the strong upward trend that started after the correction in February. The recent sessions have brought strong increases with a close above 7430 points, suggesting further growth potential. The current price is approaching resistance levels around 7450, which may pose a challenge for the bulls. The trading volume remains stable, supporting the current trend.

The 4-hour chart shows consolidation above 7400 points after a previous dynamic breakout. Current levels indicate a possible test of resistance at 7450. A move above this level could open the way for further gains, however, the lack of clear volume may suggest caution. Support is located around 7370 points.

On the hourly chart, the S&P 500 is maintaining a narrow consolidation between 7420 and 7450. We are observing a slight increase in volume, which may indicate preparation for a breakout. It will be crucial to stay above 7420, which would introduce new dynamics into the upward movement. A breakout above 7450 may increase buying activity.

In the short-term 15-minute perspective, stabilization is visible in a narrow range of 7430-7440. The volume is moderate, indicating a temporary lack of decision among investors. Support at the level of 7420 may be crucial for maintaining the short-term upward trend. A breakout above 7440 may signal further increases.

Options data indicates a very bullish sentiment, with a Put/Call ratio of 0.00. Expected upward levels for SPY are 734, 736, 740, and 743, which corresponds to an increase of 1% to 2.5% from the current ATM level. The lack of open interest in put options suggests a lack of interest in hedging against declines, which further supports the bullish scenario. Max Pain at 743 suggests that this is the level at which investors may incur the largest losses.

S&P 500 is showing a strong upward trend with short-term consolidation. Key resistance levels are at 7450, while support is at 7420. Options data and market sentiment indicate further upside potential, but the lack of clear volume suggests caution. The bias remains bullish, and a break above 7450 could lead to further gains.

On the daily chart of WTI, we observe consolidation in the range of 95-105 USD. The price oscillates around the level of 100 USD, which may suggest a lack of market decisiveness. The upward trend from the beginning of the year has weakened, and the current situation indicates a possible correction. Technical indicators, such as RSI, suggest neutral market conditions. Key resistance levels are 105 USD, and support levels are 95 USD.

The 4-hour chart shows a slight rebound from support at 98 USD. The bullish impulse encountered resistance around 100 USD. If broken, further increases to 102 USD are possible. The current sentiment favors buyers, but a lack of volume may limit price movements.

On the hourly chart, an ascending channel is visible from the level of 98 USD. The price is testing resistance at 100 USD, and breaking it could open the way to 101 USD. However, if the resistance holds, a return to 98.50 USD is possible. The RSI indicates slight overbought conditions, which may suggest a short-term pullback.

The 15-minute chart shows a clear rebound from the level of 98.50 USD and a move towards resistance at 100 USD. The current price action suggests the possibility of short-term consolidation before further movement. If the resistance is broken, the price momentum may accelerate. Support is visible at 99.00 USD.

Current options analysis shows a very bullish sentiment with a Put/Call Ratio of 0.00. The call volume significantly exceeds the put volume, indicating an advantage for the bulls. Key call levels are 150 USD and 153 USD with high open interest. Max Pain at 150 USD may act as a price magnet, suggesting further increases. The lack of puts suggests that investors are not hedging against declines, which may indicate continued market optimism.

WTI crude shows a bullish sentiment with key resistance levels at 100 USD and support at 98 USD. Options data supports the bullish outlook, with potential targets at 150 USD. Currently, the price is consolidating, but a break above 100 USD could pave the way for further gains. The short-term bias remains bullish with key support at 98 USD.

On the daily chart of EUR/USD, we observe a continuation of the downward trend that started in February 2026. The price is currently oscillating around the level of 1.1618, which serves as local support. Indicators suggest that momentum remains weak, and bearish sentiment dominates. Key support is located at the level of 1.1500, while resistance is around 1.1750. The current situation indicates a possible consolidation in the short term, with the risk of further declines if support does not hold.

The 4-hour chart shows a short-term rebound from the level of 1.1580. The current consolidation may suggest an attempt to change the trend, but the lack of a clear breakout above 1.1650 limits the upside potential. We are observing the formation of local support around 1.1600, which could serve as a base for further upward movements if the bulls gain an advantage.

On the hourly chart, we see slight fluctuations around the level of 1.1619, suggesting a lack of clear direction. A slight rebound from the support at 1.1590 is observed, however, the resistance at 1.1630 remains unbroken. Technical indicators suggest a possible attempt to rise, although the strength of the trend is limited, which may result in further consolidation.

On the 15-minute interval, the EUR/USD rate remains in a narrow range between 1.1610 and 1.1625. We see attempts to break out, but the lack of supporting volume suggests that the price may remain in consolidation. Support is at 1.1600, and resistance is around 1.1630. Monitoring the volume at this level will be crucial for short-term trading decisions.

Options data for FXE indicates a moderately bullish sentiment, with a put/call ratio of 0.60. The maximum pain point is at 105, which is slightly below the current price. Open interest for call options at levels 113 and 114 suggests expectations for increases, however, the high open interest for put options at 105 may act as support. Overall, the options market seems to support a bullish scenario, although it is not definitive.

Analysis suggests that EUR/USD is in a consolidation phase, with key support at 1.1600 and resistance at 1.1630. The long-term trend remains bearish; however, options data indicates a possibility of a rebound. In the case of a breakout above 1.1650, further increases are possible. Key levels are 1.1500 as support and 1.1750 as resistance. The overall bias is neutral with potential for a slight rebound.

On the daily chart of GBP/USD, consolidation is visible between the levels of 1.3350 and 1.3550. Recent candles indicate slight downward pressure, but support at 1.3350 remains intact. The RSI index oscillates around the level of 50, indicating a lack of clear direction. It is worth noting the upcoming speech by the BoE governor, which may influence volatility in the short term.

The 4-hour chart shows a bounce from the level of 1.3400, which may suggest the possibility of a short-term upward move towards 1.3500. However, the volume remains relatively low, which may limit the upside potential. The MACD indicator is close to crossing the signal line, which could confirm the bullish scenario in the event of continued growth.

On the hourly chart of GBP/USD, there is a consolidation around the level of 1.3430. Technical indicators, such as RSI, indicate neutral market conditions. There is a possibility of a short-term breakout, but the level of 1.3450 may act as strong resistance. The BoE speech may introduce greater volatility.

The 15-minute chart shows a narrow consolidation between 1.3420 and 1.3440. Low volatility indicates a potential breakout at the time of the release of important macroeconomic data. It is worth watching the level of 1.3440 as a potential breakout point upwards.

Options data indicates a strong bearish sentiment with a high put/call ratio of 4.06. The largest open interest among put options is at $128, suggesting a key support level. A large number of open put positions may indicate expectations of further declines. Max Pain at $128 also suggests that the market may be heading towards this level to minimize losses for option players.

The bias for GBP/USD remains bearish due to options data and downward pressure on the charts. Key levels are support at 1.3350 and resistance at 1.3500. The speech by the BoE governor at 12:00 (Warsaw time) may introduce volatility, so it is worth monitoring the market's reactions to this information. From a technical perspective, gains may be limited by a weak volume structure.

Error generating D1 analysis for AUD/USD

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On the daily chart of USD/JPY, a clear upward trend is visible, testing the resistance level around 159.00. The bullish candle from recent days suggests further upward potential; however, we are approaching an important resistance level that may trigger a correction. Support is located around 157.50, and a break below this level could harm the bullish scenario. Volume remains at an average level, supporting the continuation of the trend, but caution is advised while waiting for confirmation of a breakout above 159.00.

On the 4-hour chart, USD/JPY is consolidating in a narrow range between 158.50 and 159.00. The current trend is upward, but the lack of a clear breakout above 159.00 limits further upward movement. Technical indicators suggest some overbought conditions, which may lead to a short-term correction. A breakout above 159.00 with confirmation could open the way for further gains; however, in the event of declines, support at 158.50 is crucial.

The hourly chart of USD/JPY shows a moderate increase towards 159.00, with visible attempts to break through. Short-term support is at 158.70, and its maintenance is crucial for the continuation of the increases. Momentum indicators show signs of slowing down, which may suggest a possible correction in the near future. The current trend is upward, but it requires confirmation through a breakout from the current resistance level.

On the 15-minute chart, USD/JPY is oscillating around the level of 159.00, indicating a possible consolidation. Technical indicators suggest a temporary overbought condition, which may lead to a short-term correction to support at 158.80. A break of this level could initiate a rapid downward move, while strong support in this zone may serve as a foundation for further increases.

Option data indicates a very bullish sentiment with a low put/call ratio of 0.09. A clear advantage of open call positions suggests bullish expectations. Key call levels are 58 (+1.8% from ATM) with the highest open interest. Max Pain at 58 suggests that most traders expect the price to rise. High open interest at levels above 60 may suggest further upside potential, but this requires confirmation in the spot market.

USD/JPY shows bullish sentiment, with key resistance at 159.00. A breakout of this level could initiate further gains, with potential targets at 160.00 and above. Support is located at 158.50, and maintaining it is crucial for the continuation of the uptrend. Options data confirms the bullish sentiment, but caution is advised due to possible corrections. The bias remains bullish, however, it is essential to monitor the reaction at the 159.00 level.

On the daily chart of USD/CHF, we observe consolidation in the range of 0.7700 - 0.7900. The price has broken through the local resistance at 0.7850, which may suggest potential increases. The trading volume is moderate, which may indicate stabilization after recent fluctuations. The Relative Strength Index (RSI) remains neutral, suggesting a lack of clear direction in the market. Support is located at 0.7650, and resistance at 0.7900, which are key levels to watch in the coming days.

On the 4-hour chart, it can be seen that USD/CHF is holding above the support level of 0.7800, which may be a sign of a short-term uptrend. The MACD indicator shows buy signals, supporting potential further increases. The current resistance is forming at the level of 0.7890, and breaking through it could open the way to the next level at 0.7950. In summary, the price appears to be in an accumulation phase with the possibility of further growth.

On the hourly chart, USD/CHF is oscillating around the level of 0.7870. Clear support is found at 0.7850, and resistance at 0.7885. We are observing a symmetrical triangle pattern, which may suggest an upcoming breakout. Technical indicators are mixed, however, the stochastic oscillator indicates a possible upward rebound. Observing the price reaction at key levels may provide clues regarding the further direction of movement.

On the 15-minute chart, consolidation is visible around the level of 0.7875. Short-term resistance is at 0.7880, and support is at 0.7865. The RSI indicator is close to the neutral level, suggesting a lack of strong momentum in the short term. Observing the volume in this time frame may provide clues as to whether a breakout from the current range will occur.

The current sentiment in the options market for the FXF ETF is moderately bullish, with a put/call ratio of 0.54. The key call levels are $115 and $113, suggesting expectations for an increase in USD/CHF. The max pain level is at $140, which is significantly higher than the current levels. High open call positions may indicate expectations for further increases in the value of USD against CHF.

USD/CHF is currently in a consolidation phase with a potential bullish bias. Key support levels are 0.7850 and 0.7800, while resistance is at 0.7900 and 0.7950. The options sentiment indicates moderately bullish expectations, which may support further increases. Investors should monitor reactions at resistance levels and any breakouts that could indicate the further direction of the market.

Error generating D1 analysis for USD/CAD

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