USDCAD - 11 Feb - DOW formation, downtrend H1

Feb 11

USDCAD trend forecast February 11, 2025

The USD/CAD pair gains momentum, approaching the 1.4320 mark late in the American session on Monday, as the US Dollar (USD) strengthens amid rising economic uncertainty and escalating trade tensions. Investors remain cautious ahead of Federal Reserve (Fed) Chair Jerome Powell’s much-anticipated semi-annual testimony on Tuesday, which is expected to provide critical insights into the central bank’s policy outlook.

Meanwhile, trade concerns continue to loom large after President Donald Trump announced on Sunday his intention to impose sweeping 25% tariffs on all steel and aluminum imports into the US, expanding upon existing levies. This declaration follows his earlier statement on Friday, in which he hinted at reciprocal tariffs on multiple nations, though he stopped short of specifying which countries would be affected.

USDCAD , moving in 2 trendlines, forming DOW h1 for downtrend

/// SELL USDCAD: zone 1.43400-1.43500

SL: 1.43800

TP: 40 - 70 - 100pips ( 1.42500 )

Safe and profitable trading

Feb 11

Trade active

near 20 pips profit , entry BUY USDCAD ( 1.43400 - 1.43500 )

Feb 11

Trade closed: target reached

+ 40 pips profit , signal SELL USDCAD ( great ) ( zone 1.43400 - 1.43500 )