Trading Class

Markets › EUR/USD › Hammer

Forex · candlestick pattern

Hammer on EUR/USD

On EUR/USD the hammer showed up 56 times. The target came first 39% of the time, the stop 46%, and 14% went nowhere within 12 candles.

Counted on EUR/USD: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily333%67%0%
Hourly5340%45%15%

EUR/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/USD5639%46%14%
All Forex charts65535%54%10%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
2024714%43%
20252650%42%
20262138%48%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the hammer is

After a fall, a long lower wick shows buyers stepped in.

Drop a ball on the floor and it bounces back up. A hammer candle is like that: price fell a lot during the candle, then buyers bounced it back up near where it started. The long tail below shows how far it dropped before the bounce.

The full hammer lesson, video and quiz ›

Other patterns on EUR/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them

The hammer elsewhere

GBP/USD · EUR/JPY · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Ethereum · Bitcoin

Questions

How often does the hammer work on EUR/USD?

In 56 cases on EUR/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 39% of the time and the stop came first 46%; 14% went nowhere within 12 candles.

What is the hammer?

After a fall, a long lower wick shows buyers stepped in.