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Forex · candlestick pattern

Doji on USD/INR

On USD/INR the doji showed up 62 times. Within 12 candles price broke up 58% of the time, broke down 37% and stayed inside 5%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily4571%29%0%
Hourly1724%59%18%

USD/INR against the rest

ChartsFoundBroke upBroke downStayed inside
USD/INR6258%37%5%
All Forex charts4,18550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016475%25%
20183100%0%
2019743%57%
2020683%17%
20214100%0%
2022450%50%
20231070%30%
2024667%33%
20251724%59%

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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on USD/INR

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

The doji elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the doji work on USD/INR?

In 62 cases on USD/INR, price broke up 58% of the time, broke down 37% and stayed inside 5% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.