Morning market review - Thursday, May 7, 2026

On the daily chart, Bitcoin has been in an uptrend for several months, confirmed by a rising sequence of higher lows and highs. Currently, the price is oscillating around 81,373 USD. Key support is at 78,000 USD, while the nearest resistance is at 84,000 USD. Technical indicators such as RSI indicate possible market overheating, suggesting that a correction may be near. Trading volume remains stable, supporting the current price movements.

On the 4-hour chart, Bitcoin continues its upward trend, but with visible signs of local consolidation. The price remains above 80,000 USD, which is an important support level. Current resistance levels are at 82,000 USD, and support is at 79,000 USD. Moving averages suggest a continuation of the upward trend, but the RSI is starting to indicate potential overbought conditions, which could lead to a short-term correction.

On the hourly chart, Bitcoin shows signs of consolidation after the recent increases. The price is moving in a narrow range between 80,800 USD and 81,800 USD. Technical indicators, such as MACD, indicate a potential sell signal, which may suggest a short-term decline towards the nearest support at 80,500 USD. The trading volume is moderate, which may affect further price movements.

On the 15-minute chart, Bitcoin is in a slight correction phase, with resistance at 81,500 USD and support at 80,900 USD. Short-term technical indicators suggest a possibility of a rebound from support, with RSI in the oversold zone. We are observing a decrease in volume, which may indicate a lack of a decisive direction in the short term.

Options data indicates a very bullish sentiment with a PUT/CALL ratio of 0.46, which means greater interest in call options. The price of IBIT is 45.50 USD, with a key Max Pain level at 47 USD, suggesting that investors expect further increases. Key resistance levels for call options are 47 USD and 48 USD, while support levels for put options are at 46 USD and 42 USD. High open positions in call options may suggest continued interest in increases.

Bitcoin shows an overall upward trend, with key support at 80,000 USD and resistance at 84,000 USD. Market sentiment is bullish, as confirmed by options data and the Fear & Greed Index at 68. Short-term technical indicators suggest the possibility of a local correction, but the overall bias remains bullish. Key levels to watch are 82,000 USD as resistance and 78,000 USD as support.

On the daily chart, Ethereum remains in consolidation after a previous clear rise. The price oscillates around the level of 2335 USD, which suggests possible accumulation before further movement. Support is at 2250 USD, while resistance is around 2400 USD. Technical indicators indicate neutral momentum, which may suggest the need for confirmation of direction with a clear breakout beyond the current price range.

On the 4-hour chart, Ethereum is in a slight uptrend, but recent sessions show signs of weakness. The price has failed to break through the local resistance at 2350 USD and is testing support at 2300 USD. The RSI and MACD indicators suggest a possible continuation of sideways fluctuations or a correction.

On the hourly chart, Ethereum is trying to regain strength after the recent drop from the level of 2350 USD. The current bounce from the level of 2300 USD may be short-term unless confirmed by higher volumes. Key support is at 2300 USD, and resistance is at 2350 USD.

The 15-minute chart shows a bullish correction after a recent decline. The price is testing resistance at 2335 USD. Increased volatility is observed, which may result in rapid changes in direction. Support is located at 2325 USD.

Options data indicates a moderately bullish sentiment with a Put/Call ratio of 0.67. The highest interest in calls is at the strike level of 18 USD, which corresponds to a rise of 5.7% on ETHUSD. Max pain is also at the level of 18 USD, which may suggest that buyers will aim to push the price in that direction. High open interest at the strike levels of 18 USD and 19 USD may indicate expectations of further increases.

Ethereum remains in consolidation with slight support at 2300 USD and resistance at 2350 USD. Market sentiment is moderately bullish, which supports further growth but requires confirmation of a breakout above 2400 USD. Key levels to watch are 2250 USD as support and 2400 USD as resistance, with a possible target of 18 USD based on options data.

On the daily chart of gold, there is a rebound from the support level around 4600, which indicates possible further increases. The price has broken through 4750, which is the first resistance and may open the way to 4900. The trend remains bullish, but it is important to monitor the level of 4600 as a key support. Technical indicators suggest a continuation of the increases, however, the volume remains moderate, which may indicate the need for confirmation of the direction.

On the 4-hour chart, the price of gold shows strong increases after a period of consolidation, suggesting a breakout. Key resistance is at the level of 4800, and support is at 4700. A breakout above 4800 may initiate further upward movements. The current momentum is positive, which may support further increases, but investors should be aware of a potential correction in case of a rejection from the resistance level.

On the hourly chart, a dynamic upward movement is visible, with a breakthrough of the level 4720. The price is in a strong upward channel, and the nearest resistance can be observed at 4770. Support is located around 4700. We are observing increased interest in buying, which suggests further increases, but a correction is also possible if the price does not break through 4770.

The 15-minute chart shows rapid increases with several attempts to break the level of 4750. Currently, the price is consolidating above this level, and support is at 4730. The short-term trend is bullish; however, quicker corrective moves are possible in the event of a sudden drop in volume. Overall sentiment, however, remains positive.

Options data for GLD indicates a very bullish sentiment with a zero put/call ratio. Key call levels include strikes 425 and 430, which may suggest further increases. The absence of open put options underscores strong bullish expectations. High call volume and open interest support the bullish scenario, and the max pain at 425 suggests that the market may aim for levels above this value. This configuration supports a bullish outlook on the future direction of the gold market.

Analysis indicates a bullish sentiment for gold with key support levels at 4700 and resistance at 4800. Options data confirms the bullish expectations, and the lack of put options strengthens the bullish scenario. The main support is at 4700, and the key resistance is at 4800. Technical indicators and options data suggest a continuation of the upward trend, but one should remain vigilant for possible corrections at key resistance levels.

On the daily chart of XAGUSD, we observe a clear upward trend, with the price currently at 78.79 USD. After breaking the key resistance at 75 USD, silver continues to rise. The nearest resistance is around 80 USD, which may serve as a psychological stopping point for further increases. Technical indicators such as RSI suggest that the market may be close to the overbought zone, which could lead to short-term corrections.

On the 4-hour chart, there is a continuation of the upward trend, but the pace of growth may be slowing down. The price of silver has broken through local resistance levels and is currently testing the area around 78.80 USD. In the event of a correction, support can be expected in the region of 77 USD. Momentum indicators suggest the possibility of a short-term cooling of the upward trend.

In the hourly perspective, XAGUSD maintains an upward trend, with solid support at the level of 78 USD. The current momentum is strong, but signs of overbought conditions may appear in the short term. Any potential correction could direct the price towards 77.50 USD, where the nearest support is located.

On the 15-minute chart, dynamic price movements are visible, with local support at 78.50 USD. The current bullish momentum may encounter resistance at 79 USD. Short-term indicators suggest the possibility of a brief consolidation before further movement.

Options data for SLV indicates a very bullish sentiment with a put/call ratio of 0.40. The largest open interest for call options is at a strike of 69 USD, which may suggest bullish expectations. The maximum pain at 68 USD may limit declines. Call volume exceeds put volume, further reinforcing the bullish sentiment.

Silver XAGUSD is showing a strong upward trend, which confirms the bullish sentiment in the options market. Key resistance levels are at 80 USD, while support is around 77-78 USD. Short-term indicators suggest a potential correction, but the overall bias remains positive. Investors should monitor the levels of 79 and 80 USD as key for the further price direction.

On the daily chart of the S&P 500, a clear upward trend has been visible for several weeks. The level of 7350 has been surpassed, suggesting further growth potential. The daily candle closed significantly above previous resistance levels, indicating strong buying interest. The trading volume is relatively high, supporting the continuation of the upward trend. The key support level is now around 7200, which should act as a barrier against larger declines.

On the 4-hour chart, a continuation of a strong uptrend is noticeable, with regular higher highs and lows. Recent candles indicate a potential temporary slowdown in the rises around 7365, however, there are no clear reversal signals. Technical support is at the level of 7280, which may be tested in the event of a correction. Technical indicators remain positive, suggesting further bullish dominance.

The hourly chart indicates a temporary consolidation after the recent strong increases. The price is moving within a narrow range between 7340 and 7365, which may suggest preparation for the next move. Momentum indicators are neutral, indicating a possible need for a correction before continuing the increases. Key hourly support is at the level of 7300, which may be significant in the short term.

On the 15-minute chart, a slight correction is visible after previous increases. The price is approaching local support at the level of 7340. We observe reduced volatility and volume, which may suggest an upcoming market decision. A break above the level of 7365 may open the way for further increases, while a drop below 7340 may initiate a short-term correction.

Options data indicates a very bullish sentiment with a dominant volume of call options. The Put/Call Ratio at 0.00 confirms a strong advantage for the bulls. Key target levels for call options are $730 and $735, suggesting further price potential increase. The Max Pain level at $730 supports the maintenance of prices above this level in the short term. High open interest in call options suggests that investors expect further increases in the index.

The S&P 500 is in a strong upward trend, with key support at the level of 7200. Options data and technical indicators indicate a very bullish sentiment. Key resistance levels are 7365 and above, with the possibility of further increases to the level of 7400. Potential corrections may be limited to the level of 7280. The overall bias remains bullish, with buyers dominating the market. It is worth monitoring macroeconomic data that may impact short-term price movements.

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On the daily chart of EUR/USD, we see a clear upward correction after previous declines. Currently, the price is around 1.1750, which serves as resistance near recent highs. If the bulls maintain momentum, the next target could be the level of 1.1800, which previously acted as significant resistance. On the other hand, support is at the level of 1.1700, and a break below this level may signal further declines towards 1.1600.

On the 4-hour chart, EUR/USD is oscillating around the level of 1.1750, indicating consolidation after recent gains. Current movements suggest that bulls are trying to break through this resistance, but are encountering strong selling pressure. However, if they manage to break this level, the price could head towards 1.1800. Support for this interval is located around 1.1720.

On the hourly chart of EUR/USD, a slight consolidation is visible near the level of 1.1750. We are observing a formation that may suggest a potential breakout to the upside if the buying pressure persists. The key support and resistance levels are 1.1730 and 1.1760, respectively. A breakout of either of these levels may determine the further direction of movement.

The 15-minute chart shows that EUR/USD is in a narrow range of movement between 1.1740 and 1.1755. An upward trend is visible, but the momentum of the movement is limited. A breakout beyond this range may provide short-term trading opportunities.

Options data indicates a very bullish sentiment with a low put/call ratio of 0.27. Key levels for call options are 106, 109, and 110, with the largest open interest at the 109 level, which may suggest a target growth level. On the other hand, supports for put options are at the 109 and 107 levels, which may act as defense lines in case of declines. The maximum pain level is 109, which aligns with the bullish sentiment.

EUR/USD shows bullish sentiment across various time frames, supported by options data. Key resistance levels are 1.1750 and 1.1800, while support levels are at 1.1700 and 1.1720. The bias remains bullish, but investors should monitor resistance and support levels for potential direction changes.

On the daily chart of GBP/USD, it can be seen that the price is in a consolidation phase after a previous upward movement. We observe clear support around 1.3500, while resistance is in the 1.3650 zone. If the price breaks this level, further increases may occur. Technical indicators suggest a neutral stance, but the RSI oscillates in the upper range, which may indicate the possibility of further increases.

On the 4-hour chart, the price of GBP/USD remains above the moving averages, indicating a short-term upward trend. Support at 1.3550 appears to be solid, and the nearest resistance is at 1.3620. Technical indicators, such as MACD, show a slight bullish momentum, which may suggest further attempts to rise in the short term.

The hourly chart shows that the currency pair is consolidating in a narrow range between 1.3580 and 1.3610. The current price structure suggests the possibility of a breakout. The RSI and MACD indicators are neutral, which may indicate a lack of decisiveness in the market. A breakout of either of these levels could define the further direction of movement.

On the 15-minute chart of GBP/USD, a slight upward pressure can be observed with support at 1.3585. The price is testing resistance at 1.3600, and a breakout of this level could lead to a short-term increase. Indicators such as MACD are close to the zero line, suggesting a lack of clear direction.

Options data for the FXB ETF shows that the put/call ratio is 1.58, indicating a bearish sentiment. The highest open interest is at $130 for puts, suggesting that investors expect declines. Max pain is at $130, which is above the current price, suggesting a potential rise to that level before the options expiration.

GBP/USD is in a consolidation phase with key support at 1.3550 and resistance at 1.3650. The short-term trend is slightly bullish, but options data suggests a bearish sentiment. Key levels to watch are 1.3580 for potential support and 1.3620 for possible resistance. The bias on the pair may be slightly bearish, considering the options data.

On the daily chart of AUD/USD, a steady upward trend has been visible for several months. The current price is 0.7249, which suggests a continuation of the upward movement. The nearest support is around 0.7200, and resistance is at 0.7300. Moving averages indicate strong bullish momentum, confirming the dominance of bulls in the market. Volume shows no significant deviations, which may suggest the stabilization of the current trend.

On the 4-hour chart of AUD/USD, the price is moving in an upward direction, with local support at 0.7220. Recent candles indicate bullish momentum, and the price has broken through the last local peak. We observe a maintenance above moving averages, which further supports the bullish scenario. Further upward movements towards 0.7300 are possible.

On the hourly chart, consolidation is visible after the recent rise, with key support around 0.7235 and resistance at 0.7260. The price remains above short-term moving averages, suggesting the possibility of further increases. If support is maintained, an attack on higher resistance levels is possible.

On the 15-minute chart, AUD/USD is maintaining a narrow range between 0.7240 and 0.7255. The current sideways trend may indicate a short-term stabilization before the next move. Watching for a breakout from this range may provide clues about the further direction of movement. Support is at 0.7240, and resistance is at 0.7255.

Options data for the FXA ETF indicates a moderate bullish sentiment with a put/call ratio of 0.77. Key call levels at $72 suggest bullish expectations, with maximum pain at $72, which may support further growth of AUD/USD. Call volume exceeds put volume, confirming the dominance of bulls. With such data, further bullish momentum for AUD/USD is possible.

Current analysis of AUD/USD indicates a dominance of bulls with main support at 0.7200 and resistance at 0.7300. Options data supports a bullish scenario, suggesting further increases. Key levels to watch are 0.7240 as support and 0.7260 as resistance. A moderate bullish sentiment in the options market further strengthens the positive bias for AUD/USD.

On the daily chart of USD/JPY, we observe a continuation of declines after the recent rejection of the level 160. Strong resistance is now located around 158, and the nearest support can be identified in the area of 154. The current market structure suggests further weakening; however, it is worth paying attention to potential attempts at a corrective rise towards 158. The RSI is approaching oversold levels, which may indicate the possibility of consolidation or a short-term rebound.

On the 4-hour chart of USD/JPY, consolidation is visible after a sharp decline, with limits in the range of 156-157. The market structure indicates the possibility of further weakening if the price fails to break the resistance at 157. Support at 155.5 may be crucial for the further price direction. Technical indicators suggest neutrality with a slight bearish bias.

The hourly chart shows local consolidation in the range of 156-156.5. The current candle arrangement indicates investor uncertainty, which may lead to movement in both directions. A breakout above the level of 156.5 could open the way to test 157, while a drop below 156 signals further weakening towards 155.5. Technical indicators do not provide clear signals.

On the 15-minute chart of USD/JPY, limited volatility is observed with a slight increase in momentum towards 156.3. A breakout of this level could lead to a move towards 156.5. Local support is at the level of 156, which may provide short-term support in case of further declines. The current situation requires careful monitoring.

FXY options data indicates very bullish sentiment with a put/call ratio of 0.06. Significant interest in call options at levels $58, $59, and $60 suggests bullish expectations. High open interest at $58 indicates strong support. The expected max pain level is $58, which may influence short-term price movements of USD/JPY towards stabilization around this level.

USD/JPY currently shows a structural bearish bias with key support levels at 155.5 and resistance at 158. Options data suggests a possibility of an upward correction, however, a lack of a breakout above the 157 level on H4 may limit the gains. In the case of further declines, support at 154 will be crucial. Overall sentiment is neutral with a slight tendency towards further declines.

On the daily chart of USD/CHF, a clear downward trend is visible, with recent candles indicating consolidation around 0.7780. Key support is at 0.7700, while resistance is at 0.7850. The RSI is approaching the oversold level, which may suggest a potential rebound. However, the current market structure indicates a supply dominance, which may favor further declines unless resistance is broken.

On the 4-hour chart, the USD/CHF pair continues to move downwards, with current support at 0.7770. A break of this level could open the way for further declines towards 0.7700. Meanwhile, local resistance is at 0.7820. The current structure indicates a continuation of selling pressure, although a short-term rebound is not excluded.

The hourly chart indicates consolidation in the range of 0.7770-0.7800. The RSI is neutral, suggesting a lack of a clear direction in the short term. A breakout above the level of 0.7800 may suggest a potential rebound, while a drop below 0.7770 could strengthen the downward pressure. Low volatility suggests that the market is waiting for an impulse to move.

On the 15-minute chart, there is slight volatility oscillating around the level of 0.7785. Key support is at 0.7775 with resistance at 0.7795. Technical indicators are neutral, suggesting a lack of a decisive trend in the very short term. The market may remain in a narrow range, awaiting a larger move.

Options data for FXF indicates a moderately bullish sentiment with a PUT/CALL ratio of 0.66. Key call levels are 114 and 115, suggesting potential upside targets. Max pain at 114 indicates a possibility of an increase, but low open interest at put levels suggests limited downward pressure. Overall, the options sentiment supports potential increases in USD/CHF.

USD/CHF is in a downtrend with support at 0.7700 and resistance at 0.7850. Short-term consolidation suggests a possible move in both directions. Options data and market sentiment are moderately bullish, which may indicate a potential rebound. Key levels to watch are 0.7770 and 0.7800. Major macroeconomic events may influence the further direction of the pair.

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