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Morning market review - Tuesday, May 12, 2026

Technical analyses of 12 instruments with options data

Kacper MrukMay 12, 2026Updated: May 12, 20261 min read
Morning market review - Tuesday, May 12, 2026

The morning on the financial markets brings moderate optimism, with the Fear & Greed index at 67, suggesting the dominance of greed among investors. In the context of the current Fed interest rate, which is 3.50-3.75, all eyes are on the upcoming events, including the vote on the nomination of the Fed chair and the publication of inflation data, which could influence monetary policy decisions. In today's review, we will look at twelve analyzed instruments and key macroeconomic indicators that may shape market sentiment in the coming days.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

Error generating D1 analysis for Bitcoin

Bitcoin - 4H Chart

Bitcoin - 4H Chart

Error generating H4 analysis

Bitcoin - 1H Chart

Bitcoin - 1H Chart

Error generating H1 analysis

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

Error generating M15 analysis

Bitcoin - Summary

Error generating summary

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, we observe consolidation around the level of 2300 USD. For several weeks, the price has been oscillating in a narrow range, suggesting a lack of a clear direction. Key support is located around 2200 USD, while resistance is at the level of 2400 USD. Technical indicators do not show clear signals, indicating a possible continuation of the sideways trend. Trading volume remains moderate, which may suggest that investors are waiting for clear market signals.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, it can be seen that the price of Ethereum is approaching the lower boundary of consolidation at 2280 USD. There is slight selling pressure, but no significant movements are observed. The nearest support is at 2250 USD, and resistance is at 2350 USD. The RSI is approaching the oversold level, which may suggest a possible rebound in the short term.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a slight downward trend, with local support at 2300 USD. The price has broken through short-term resistance at 2320 USD, which may lead to further declines. Volume increased during the recent drops, confirming the strength of the move. Buyers may attempt to defend the 2300 USD level, which could lead to a short-term rebound.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, the price of Ethereum shows high volatility with local support at the level of 2295 USD. Current levels suggest the possibility of a short-term rebound, however, there are no clear reversal signals. The nearest resistance is at the level of 2310 USD. The trading volume remains relatively low, which may suggest a lack of decisiveness among investors.

Ethereum - Options data

Options data analysis indicates a very bullish sentiment with a low put/call ratio of 0.17. High open interest interest for call levels, particularly at the 18 and 19 USD levels, suggests expectations for further increases. Despite this, key put support levels at 10 and 13 USD show hedges in case of a larger correction. The greed sentiment at 67 highlights optimism in the market.

Ethereum - Summary

Ethereum is in a consolidation phase with key support at 2200 USD and resistance at 2400 USD. In the short term, rebounds from the level of 2300 USD are possible, but there are no clear reversal signals. Options data indicates a bullish sentiment, which combined with a low put/call ratio suggests upside potential. Investors should monitor macroeconomic levels and Fed decisions that may impact further price movements.

Gold - Daily Chart (D1)

Gold - Daily Chart (D1)

On the daily chart of gold (XAUUSD), we observe consolidation after a previous decline. The price oscillates around the level of 4703, indicating a potential support range. The volume remains at a relatively stable level, suggesting a lack of strong upward or downward momentum in the short term. The key resistance level is 4800, which may be difficult to overcome without significant macroeconomic events.

Gold - 4H Chart

Gold - 4H Chart

The 4-hour chart shows that gold is moving within the range of 4650-4750 with a slight upward trend. Recent candles indicate testing the upper boundaries of this range, which may suggest an attempt to break upwards. Further increases will require a breakout above the level of 4750, which could open the way for a test of the level of 4800.

Gold - 1H Chart

Gold - 1H Chart

On the hourly chart, we see that the price tested the level of 4700, but it was unable to hold it. Currently, the price is in a downward correction, which may suggest further weakening towards 4650 if new demand does not appear. The key level will be 4730 as local resistance.

Gold - 15min Chart

Gold - 15min Chart

The analysis of the 15-minute chart indicates local volatility around 4700. Currently, the price is testing the lower ranges, which may lead to a short-term rebound. The key support level is 4680, and resistance is at 4720. The sentiment remains mixed without a clear direction.

Gold - Options data

The GLD options data shows a very bullish sentiment with a put/call ratio of 0.00. Significant volume and open interest on calls indicate expectations of a rise above the level of 430. Key options resistance levels are 430 and 435, which translates to potential increases in XAUUSD. The maximum pain at the level of 430 suggests that investors may expect increases, but the current support levels may be tested.

Gold - Summary

Gold XAUUSD is in consolidation with a slight bullish sentiment, supported by GLD options data. Key levels are 4650 as support and 4750 as resistance. Macroeconomic events, such as the CPI data from the USA, may influence the direction of movement. The bias remains slightly bullish, but a breakout above 4750 is needed to confirm the upward trend.

Silver - Daily Chart (D1)

Silver - Daily Chart (D1)

On the daily chart of XAGUSD, a strong upward trend is visible, which has gained strength in recent weeks. Currently, the price is around 84.60 USD, after reaching a local peak above 87 USD. There is a possibility of a correction, with key support at the level of 80 USD, which previously acted as resistance. Technical indicators suggest a potential short-term exhaustion of the trend, which may lead to consolidation or correction. The increase in volume during recent sessions indicates market interest, but it is worth observing the reaction at support levels.

Silver - 4H Chart

Silver - 4H Chart

On the 4-hour chart, a correction is visible after the recent dynamic increase. The price is approaching local support around 83 USD, which may be a key level for the further direction of movement. If the support holds, a return to increases towards 87 USD is possible. However, a break of this level may initiate a deeper correction. RSI indicators indicate a temporary overheating of the market, suggesting a potential continuation of the correction.

Silver - 1H Chart

Silver - 1H Chart

On the hourly chart of XAGUSD, a decline is visible after reaching a peak around 87 USD. The price is currently testing the level of 84.50 USD, and further decline could direct the price towards 83 USD. Technical indicators suggest the possibility of further depreciation in the short term; however, a breakout of resistance at 85 USD could restore bullish sentiment. It is worth monitoring the volume, which may indicate the strength of the movement.

Silver - 15-minute chart

Silver - 15-minute chart

The 15-minute chart shows a dynamic correction that has lowered the price from 87 USD to current levels. Short-term support is at 84 USD, and resistance is at 85 USD. An acceleration of the decline could lead to a test of support at 83 USD. Momentum indicators suggest the possibility of further declines, but there are no clear reversal signals.

Silver - Options data

Options data for SLV indicates a very bullish sentiment with an extremely low put/call ratio of 0.01. The highest open interest is at the 81 USD strike, suggesting that investors expect further increases. The max pain at 81 USD confirms this bullish sentiment. High call option volume alongside low put volume indicates very optimistic market expectations.

Silver - Summary

XAGUSD is in a strong upward trend, but we are currently observing a downward correction. Key support levels are at 83 USD, and resistance is at 87 USD. Options data indicates a bullish sentiment, with max pain at 81 USD. Current macroeconomic data may influence volatility, especially due to today's CPI releases in the USA. Monitoring the reaction at key price levels will be crucial for the further direction of movement.

S&P 500 - Daily chart (D1)

S&P 500 - Daily chart (D1)

On the daily chart of the S&P 500, a clear upward trend can be seen, which has been ongoing for several months. Current prices are oscillating around 7412 points, which is close to the maximum of recent months. Trading volume is moderate, suggesting stability in the rise. The nearest support is around 7300 points, while resistance is at 7500 points. The RSI is in the overbought zone, which may signal a potential correction in the short term.

S&P 500 - 4H Chart

S&P 500 - 4H Chart

On the 4-hour chart, consolidation is visible after the recent upward rally. The price oscillates between 7400 and 7430 points. Current support is at 7370 points. Volume is variable, suggesting investor indecision. MACD shows signs of weakening momentum, which may indicate an upcoming correction.

S&P 500 - 1H Chart

S&P 500 - 1H Chart

The hourly chart shows a slight pullback from the level of 7430 points, with support around 7400 points. The current momentum is declining, and the RSI indicator is approaching the neutral level. Further consolidation in the range of 7400-7430 is possible before the next move.

S&P 500 - 15-minute chart

S&P 500 - 15-minute chart

In the last 15 minutes, there has been slight volatility around the level of 7412 points. The volume is low, indicating a lack of decisive trading activity. The nearest support is at 7405 points, and resistance is at 7420 points. It is possible for the price to remain within this narrow range in the near future.

S&P 500 - Options data

Options data for SPY indicates a very bullish sentiment, with a zero Put/Call ratio. The largest open interest occurs at levels 717 and 730, suggesting key support and resistance levels. The call option volume is significant, confirming the dominance of bulls in the market. The Max Pain level at 717 indicates a potential point where the price may aim to expire options.

S&P 500 - Summary

The current sentiment on the S&P 500 is bullish, as confirmed by both options data and technical indicators. Key levels are 7400 as support and 7430 as resistance. Indicators suggest the possibility of a short-term correction, but the overall trend remains upward. Macroeconomic events, such as CPI, may impact volatility in the short term.

Oil - Daily Chart (D1)

Oil - Daily Chart (D1)

On the daily WTI chart, clear upward movements are visible, with a significant resistance level around 102 USD. The current upward trend is supported by investors who show a willingness to buy at lower levels. Key support is located around 95 USD, which previously acted as a strong resistance level. The MACD indicates further upward potential, and the RSI remains in the neutral zone, suggesting the possibility of further upward movement.

Oil - 4H Chart

Oil - 4H Chart

On the 4-hour chart, consolidation is visible in the range of 98-101 USD. The current upward movement has encountered resistance around 101 USD, but the bullish sentiment remains due to higher lows. The RSI indicator is close to the overbought zone, which may suggest a possible correction before further increases. Important support is at the level of 98 USD.

Oil - 1H Chart

Oil - 1H Chart

On the hourly chart, WTI continues its upward movement, breaking through resistance at the level of 100 USD. The short-term upward trend is supported by volume, and the RSI indicates slight overbought conditions in the market. The level of 100 USD may act as support in case of a correction, while resistance can be observed around 101.50 USD.

Oil - 15min Chart

Oil - 15min Chart

On the 15-minute chart, stabilization is visible after the recent increase to the level of 100.30 USD. Currently, the price is consolidating, with potential support at 99.80 USD. The volume indicates lower activity, which may suggest anticipation for further market impulses. The direction of the breakout from the consolidation may define the further short-term trend.

Oil - Options data

Options data indicates a very bullish sentiment, with a dominance of call options over puts (Put/Call Ratio: 0.01). Key call levels are 140 USD (+2.9% from ATM) and 145 USD (+6.6%). The put at 100 USD (-26.5%) indicates minimal demand for protection against declines. Max Pain is at 135 USD, suggesting further increases close to the current price levels.

Oil - Summary

The current sentiment for WTI is bullish, with key resistance levels at 101 USD and support at 98 USD. Options data confirms the positive market sentiment. Technical indicators suggest the possibility of continued gains, but with potential corrections. Key macroeconomic events may influence further price movements.

Euro/Dollar - Daily Chart (D1)

Euro/Dollar - Daily Chart (D1)

On the daily chart of EUR/USD, we see the formation of a consolidation, with key resistance around 1.1800 and support at 1.1600. The current price is in the middle of this range, suggesting a lack of clear direction. Technical indicators, such as RSI, remain neutral, reflecting uncertainty in the market. Fresh macro data may influence the future direction, and investors should monitor reactions around key support and resistance levels.

Euro/Dollar - 4H Chart

Euro/Dollar - 4H Chart

On the 4-hour chart of EUR/USD, there is a slight downward pressure after a failed attempt to break the resistance at the level of 1.1800. The price is approaching short-term support in the area of 1.1730. Weak bullish momentum suggests that further decline towards 1.1700 is possible if the support level does not hold.

Euro/Dollar - 1H Chart

Euro/Dollar - 1H Chart

The hourly chart indicates a local downtrend, with successive lower highs. Current support is at 1.1730, and resistance is at 1.1780. A breakout of either of these levels could determine the short-term direction of movement. Technical indicators, such as MACD, indicate negative momentum, which may suggest further weakening.

Euro/Dollar - 15-minute chart

Euro/Dollar - 15-minute chart

On the 15-minute chart of EUR/USD, we observe consolidation in a narrow range of 1.1730-1.1750. Short-term indicators are neutral, which may indicate a waiting period before a potential move following the publication of key macroeconomic data. A breakout of either of these levels could initiate a short-term move.

Euro/Dollar - Options data

Options data for FXE indicates a very bullish sentiment with a Put/Call ratio of 0.17. The dominance of open interest in call options suggests expectations of an increase. Key resistance levels are 109 and 110, while support levels are 105 and 106. Max Pain at 109 suggests that the market may aim for this level, which is consistent with the bullish sentiment. Investors should watch for reactions around these levels in the context of upcoming macro data.

Euro/Dollar - Summary

The sentiment for EUR/USD is mixed with a slight advantage for bulls, which is also reflected in the options data for FXE. Key levels are resistance at 1.1800 and support at 1.1730. With the current price at 1.1750, the market is in the middle of this range. Today's macro data may influence the direction, especially in the context of options and the potential move towards Max Pain at level 109 for FXE.

Pound/Dollar - Daily Chart (D1)

Pound/Dollar - Daily Chart (D1)

On the daily chart of GBP/USD, we see consolidation after the increases, with a resistance level around 1.3650. Current support is located near 1.3450. The strength of the upward trend has weakened, suggesting the possibility of a correction. Technical indicators are mixed, confirming the lack of a clear direction. It is worth watching whether a breakout in either direction occurs with increased volume.

Pound/Dollar - 4H Chart

Pound/Dollar - 4H Chart

On the 4-hour chart, there is a clear bounce from the level of 1.3550, however, the momentum of the movement is limited. Currently, the price is oscillating around 1.3600, indicating local consolidation. Key levels to watch are 1.3650 as resistance and 1.3500 as support. Indicators suggest a possible correction downward if the resistance is not broken.

Pound/Dollar - 1H Chart

Pound/Dollar - 1H Chart

The hourly chart shows a clear downward movement towards 1.3550, where current support is located. A break of this level could direct the pair towards 1.3500. The short-term trend is bearish, and technical indicators support further declines. Resistance is at 1.3600.

Pound/Dollar - 15-minute chart

Pound/Dollar - 15-minute chart

On the 15-minute chart of GBP/USD, we observe dynamic downward movements, with stronger support at 1.3550. If the selling pressure persists, a test of lower levels is possible. The short-term trend remains bearish, and the nearest resistance is located at 1.3580.

Pound/Dollar - Options data

Options data indicates a dominance of put positions over calls with a put/call ratio of 2.30, suggesting a bearish sentiment. The highest open interest is at the level of $130, which coincides with maximum pain. High OI at levels 128 and 126 also indicates potential support during declines. Overall, the options sentiment is bearish.

Pound/Dollar - Summary

GBP/USD is in a short-term downtrend, with key support levels at 1.3550 and 1.3500. Resistance is located at 1.3600 and 1.3650. Options and technical data indicate possible further weakening of the pound. Macroeconomic events, such as the upcoming CPI data, may influence the further direction of this currency pair.

Australian Dollar/Dollar - Daily Chart (D1)

Australian Dollar/Dollar - Daily Chart (D1)

On the daily chart of AUD/USD, we observe an overall upward trend, which, however, encounters resistance around 0.7250. The price is approaching a key support level at 0.7200, which may suggest a possible correction. Trading volume remains stable, which may indicate the continuation of the current trend. Technical indicators, such as RSI, are beginning to signal potential market oversold conditions, which may strengthen a possible upward rebound.

Australian Dollar/Dollar - 4H Chart

Australian Dollar/Dollar - 4H Chart

On the 4-hour chart of AUD/USD, consolidation is visible in the range of 0.7200-0.7250. Currently, the price is closer to the lower boundary of this range, which may suggest a possible test of support. The moving averages are close to each other, indicating a lack of clear direction. A break below 0.7200 may open the way for further declines.

Australian Dollar/Dollar - 1H Chart

Australian Dollar/Dollar - 1H Chart

The hourly chart shows a bearish momentum with resistance at 0.7230. The current price action suggests the possibility of further declines, especially if the price breaks the support at 0.7200. Indicators such as MACD indicate the dominance of sellers. If the price breaks 0.7200, the next target could be 0.7150.

Australian Dollar/Dollar - 15min Chart

Australian Dollar/Dollar - 15min Chart

On the 15-minute chart, there are clear declines with resistance at 0.7220. The price is approaching local support at 0.7200. Short-term technical indicators, such as Stochastic, indicate that the market is oversold, which may suggest a possible short-term rebound, but the overall sentiment remains negative.

Australian Dollar/Dollar - Options Data

Options data indicates a moderately bullish sentiment with a put/call ratio of 0.59. Key levels for calls are $72, which corresponds to a 1.4% increase from the current FXA price. The highest interest at $71 suggests an expected price maintenance within this range. The max pain level at $72 indicates that investors may aim to close at this point. High call volume compared to puts confirms the bullish sentiment.

Australian Dollar/Dollar - Summary

The current sentiment on AUD/USD is mixed with a slight downward bias, especially on shorter time frames. Key support is at 0.7200, and a break of this level could lead to further declines. Meanwhile, resistance at 0.7250 remains significant. Options data indicates a moderately bullish sentiment with expectations of price holding around $71 on FXA, which corresponds to 0.7200 on AUD/USD.

Dollar/Yen - Daily Chart (D1)

Dollar/Yen - Daily Chart (D1)

On the daily chart of USD/JPY, we observe a continuation of the upward movement, although the pace of growth is slightly slowing down. Key resistance is located around 159.00, while support can be identified at the level of 156.00. The RSI indicates that it is approaching overbought levels, which may suggest a potential correction. However, the fresh high from May suggests that bulls still have the upper hand, and further growth is possible if the current supports hold.

Dollar/Yen - 4H Chart

Dollar/Yen - 4H Chart

On the 4-hour chart, the USD/JPY pair continues its upward trend, but it is approaching short-term resistance at 158.00. Support can be seen around 156.50. Technical indicators suggest the possibility of consolidation or a slight correction before further upward movement. The current momentum is positive but somewhat weakened after recent gains.

Dollar/Yen - 1H Chart

Dollar/Yen - 1H Chart

The hourly chart shows that USD/JPY is in a phase of slight consolidation after recent gains, with resistance at 157.80 and support at 157.00. The RSI is neutral, suggesting a lack of clear direction in the short term. The pair is expected to test the mentioned levels before choosing a further direction. Macroeconomic data scheduled for today may be decisive.

Dollar/Yen - 15min Chart

Dollar/Yen - 15min Chart

On the 15-minute chart, it can be seen that USD/JPY is moving in a narrow range from 157.20 to 157.50. The short-term sentiment is neutral, and the lack of clear breakout signals suggests the possibility of continued consolidation while waiting for further signals from the market. Monitoring the level of 157.20 may be crucial for short-term traders.

Dollar/Yen - Options data

Options data for FXY shows a very bullish sentiment with a put/call ratio of 0.07. Significant call levels are at $59 (+1.7% from ATM on USD/JPY), which suggests expectations for further growth. Max Pain at $58 indicates a possible consolidation around this level. High open interest at $58 for both call and put options suggests that traders expect stabilization in this range. Current sentiment and options data indicate a bullish advantage in the market.

Dollar/Yen - Summary

USD/JPY is showing a bullish sentiment with key resistance at 158.00 and support at 156.00. Option sentiment and technical data support further increases, but consolidation is possible before macroeconomic data. Key levels to watch are 157.80 as resistance and 157.00 as support. The market bias remains bullish, but be cautious of a possible correction in the short term.

Dollar/Franc - Daily Chart (D1)

Dollar/Franc - Daily Chart (D1)

Error generating D1 analysis for USD/CHF

Dollar/Franc - 4H Chart

Dollar/Franc - 4H Chart

Error generating H4 analysis

Dollar/Franc - 1H Chart

Dollar/Franc - 1H Chart

Error generating H1 analysis

Dollar/Franc - 15min Chart

Dollar/Franc - 15min Chart

Error generating M15 analysis

Dollar/Franc - Summary

Error generating summary

Dollar/Canadian Dollar - Daily Chart (D1)

Dollar/Canadian Dollar - Daily Chart (D1)

On the daily chart of USD/CAD, we observe a rebound from local support around 1.3450. The price is currently moving around 1.3690, which may suggest an attempt for further growth, especially if it breaks the level of 1.3750. The current structure indicates the possibility of continuing the upward trend; however, significant resistance levels are at 1.3800 and 1.3900. Technical indicators seem to confirm the potential rise, although the trading volume remains moderate.

Dollar/Canadian Dollar - 4H Chart

Dollar/Canadian Dollar - 4H Chart

On the 4-hour chart of USD/CAD, a clear bounce from the level of 1.3450 can be seen, leading to the formation of successive higher lows and highs. The current price is oscillating around 1.3690, with visible resistance around 1.3700. A breakout of this level could open the way for further increases towards 1.3750. Technical indicators suggest moderate optimism, but there is a lack of a clear signal for a strong upward move.

Dollar/Canadian Dollar - 1H Chart

Dollar/Canadian Dollar - 1H Chart

On the hourly chart of USD/CAD, consolidation around the level of 1.3690 is visible, which may indicate a temporary market wait. The price is approaching resistance at 1.3700, while support is located at 1.3650. Technical indicators are neutral, suggesting a possible continuation of sideways movement. A breakout of either of these levels may signal the direction of the next move.

Dollar/Canadian Dollar - 15-minute Chart

Dollar/Canadian Dollar - 15-minute Chart

On the 15-minute chart of USD/CAD, it can be seen that the price is in a narrow trading range between 1.3680 and 1.3700. Currently, the price is testing the upper boundary of this range. Momentum indicators are neutral, suggesting a lack of clear direction in the short term. A breakout above the level of 1.3700 could signal a short-term increase, although support at 1.3680 remains strong.

Dollar/Canadian Dollar - Options Data

Option data for the ETF FXC indicates a very bullish sentiment, confirmed by a low put/call ratio of 0.24. The greatest interest is visible in call options with strike prices at $81, suggesting bullish expectations. Open interest at $72 also indicates potential further increases. On the other hand, support levels in put options are significantly lower, which may indicate limited downward pressure. It is worth noting the Max Pain level at $81, suggesting that the market may aim for this level.

Dollar/Canadian Dollar - Summary

USD/CAD is currently in a consolidation phase with a slight bullish bias. Key resistance levels are 1.3700 and 1.3750, while support levels are at 1.3650 and 1.3450. Options data indicates a bullish sentiment, which supports the possibility of further increases. Technical analysis across various time frames suggests a potential breakout to the upside; however, the lack of clear momentum signals may limit price movements in the short term.

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.
How does inflation affect trading?
Higher inflation typically leads to rate hike expectations, strengthening the currency. However, persistent inflation can eventually weaken the economy and currency. Gold often serves as an inflation hedge.

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