The pair is going up

This week's data on retail goods in the US strengthened investors' expectations of higher interest rates this year. Against this background the dollar index strengthened and reached the figures of December 2017.
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Is the US-DPRK summit happening?
When North and South Korean leaders met at the end of April their summit was significant in more ways than one. First, most obviously, it was an important step towards friendship and peace between the two halves of Korea.
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The pair will move down.
Due to the progress in the negotiations between the US and China, we can assume that the situation is stabilizing. The US dollar continues to strengthen and we see a continuation of the downward movement in our pair.
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The pair will go up.
After a prolonged decline against the background of the growth of the US dollar, the pair reached the level from June of last year and at the moment it is growing. Now we expect the price to advance to the resistance level near the mark of 0.7640.
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The head of the White House announced that he did not have high hopes for the upcoming June 12 meeting in Singapore with Kim Jong-un. He also said that he did not want to spend too much time with his opponent, amid the uncertainty of talks between South and North Korea.
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Our pair has found its niche on the chart and is now trading between two relatively strong levels. On the chart we have an established channel between the levels of 1.2750 and 1.2895. Furthermore, we can draw a more extended version within 1.2725 and 1.2925.
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https://superforex.com/analytics/usd-cad-technical-analysis-240518/?x=FORUMS

More uncertainty is seen across the markets amid this news.
When North Korea decided to cancel a meeting with the South last minute, speculations arose that Kim Jong Un might be changing his mind regarding peace and openness. The DPRK government then criticized the United States for flaunting their own military prowess during a joint exercise in South Korea and put peace talks with their southern counterparts and with the United States in doubt.
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We have a downtrend for this pair.
Looking at our pair, we can currently observe the formation of a third wave and expect it to be the strongest. The US dollar continues to strengthen against the basket of major currencies and the dollar index at the moment is at 94.61, which is the highest since November 2017.
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The EUR is under pressure due to new political instability. However, the deals to BUY still seem the most effective after investors have already considered the new political risks.
For the last two months the trend has changed to a downward one. Political instability and the associated risks for the Eurozone are returning to the EU.
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The pair is drawing the fourth wave currently.
Today the data released from the EU showed mixed results. For example, the unemployment rate increased, but the consumer price index rose above the projected figure. This balanced the single currency.
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The US has decided to slam the EU, Mexico, and Canada with tariffs, alongside China.
The White House proved to be deaf once again as they refused to heed warnings from foreign politicians and international organizations like the WTO, who all have talked about how a global trade war would be terrible for the economy.
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The pair is giving us mixed signals today, but we can try to sell.
Today we would take a look at the EUR/USD currency pair, which is one of the most popular trading instruments. Over the past few weeks the euro gave way to the dollar, but after last week's news that the United States will be starting a trade war with multiple countries, the price started growing again.
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The trend is yet to be determined.
On the our chart we can see that our pair found a resistance level near the 1.3250 mark, from which it rushed up again.
After a long rally for the dollar, its index is currently down to around 93.90. Against the background of this retreat, our quotations have moved to local growth.
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We provide Forex analysis on major currencies: (EUR/USD) (USD/CAD) (AUD/USD) (USD/GBP).
We begin with the EUR/USD. And we expect the trend to continue until the resistance level at the mark of 1.1840 is reached.
Next is the GBP/USD. We expect that after crossing the mark of 1.3390 the pair will move to the next resistance level around the mark of 1.3475.
Then is the AUD/USD. It approached the lower border at the level of 0.7615, moving ahead to the level of 0.7640
And the last pair is the USD/CAD. We think soon it may move closer to the mark of 1.3010.
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At the moment we see that the pair went on with the alternative scenario. Now the 4th wave is forming as a part of a major correction. Despite the fact that the macroeconomic data from the United States has showed a positive trend, at the moment the pair continues its upward movement.
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