The Canadian currency pulled back, away from resistance zone of 1.2413 forming a bullish engulfing and a small bullish trap. So, we assume that the pair might head up next week:



The rate of the British currency got back to the support level 1.3654. Here comes also the 38.2% Fibonacci level from weekly chart, which is expanded along the points 1.7191-1.1423, away from which the British Pound can keep heading up:

According to the latest data provided by COT CFTC, large operators buy more than they sell. However, the difference between sold and purchased assets is not that big:


In the weekly chart, silver pulled back away from descending channel, forming the engulfing-like candlestick pattern:

Of course, the asset’s price might reach a middle point of this pattern or the level 17.10 again. Then, pulling back from this level, asset’s price can finally head down to the resistance level 15.60:

Share this post: