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Forex · candlestick pattern

Hammer on NZD/USD

On NZD/USD the hammer showed up 62 times. The target came first 35% of the time, the stop 56%, and 8% went nowhere within 12 candles.

Counted on NZD/USD: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily30%100%0%
Hourly5937%54%8%

NZD/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
NZD/USD6235%56%8%
All Forex charts65535%54%10%
Every market11,79231%58%10%

Year by year

YearFoundTarget firstStop first
2024714%71%
20253040%53%
20262241%50%

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 NZD/USD

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

The hammer elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · 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 NZD/USD?

In 62 cases on NZD/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 56%; 8% went nowhere within 12 candles.

What is the hammer?

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