Price has been making higher highs so the long term uptrend is up, price held trendline channel resistance
Long term downtrend made several higher highs but made a rejection on strong resistance there for validating sells.
This pair is in a long term downtrend pulled back to a previous strong support turned resistance made rejections and will likely push downward..
We are in a strong dollar environment thus am looking for silver shorts with the retracement bounce
Pound is relatively strong on the week compared to risk on currencies which are underperforming due to China's weakness
Buy trade idea with higher time frame long bias with multiple confluences
The cad is strong bse of the recent rally in oil, oil is overstretched reaching 1.618 fib and due for a retracement and this will support short term cad weakness..and chf is mildly or neutral bullish..