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Forex · candlestick pattern
Inverted hammer on USD/CAD
On USD/CAD the inverted hammer showed up 30 times. The target came first 37% of the time, the stop 40%, and 23% went nowhere within 12 candles.
Counted on USD/CAD: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Hourly | 30 | 37% | 40% | 23% |
USD/CAD against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| USD/CAD | 30 | 37% | 40% | 23% |
| All Forex charts | 558 | 40% | 53% | 8% |
| Every market | 6,734 | 37% | 55% | 8% |
The last 8 times
- 17 Aug 2026, 13:00 UTC · hourly · stop first after 1 candle
- 16 Jul 2026, 15:00 UTC · hourly · target first after 1 candle
- 25 Jun 2026, 22:00 UTC · hourly · went nowhere
- 6 May 2026, 06:00 UTC · hourly · target first after 4 candles
- 27 Apr 2026, 15:00 UTC · hourly · target first after 4 candles
- 24 Apr 2026, 11:00 UTC · hourly · target first after 2 candles
- 17 Apr 2026, 17:00 UTC · hourly · target first after 2 candles
- 15 Apr 2026, 22:00 UTC · hourly · stop first after 4 candles
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 inverted hammer is
After a fall, buyers tried to push up. A first sign of interest.
Imagine a kid who keeps losing a game and finally jumps as high as they can. They land back down, but everyone noticed the jump. An inverted hammer is that jump: after a fall, buyers pushed price up high during the candle, even though it slid back before the close.
The full inverted hammer lesson, video and quiz ›
Other patterns on USD/CAD
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross · RSI overbought drop · all of them
The inverted hammer elsewhere
GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · GBP/INR · Dow Jones · S&P 500 · Nikkei 225 · Sony · Ethereum · Bitcoin
Questions
How often does the inverted hammer work on USD/CAD?
In 30 cases on USD/CAD, the target (1.5 × ATR) came before the stop (1 × ATR) 37% of the time and the stop came first 40%; 23% went nowhere within 12 candles.
What is the inverted hammer?
After a fall, buyers tried to push up. A first sign of interest.