USD/JPY: 'Hammer' pattern on the 34 MA

USD/JPY: 'Hammer' pattern on the 34 MA

0405usdjpyH4 (1).png

There's a pullback from the 34 Moving Average, so we've got a 'Hammer' pattern. In this case, we could have a local upward correction. Anyway, the pair is likely going to test the lower 'Window' afterwards.

0405usdjpyH1 (1).png

There're bullish patterns such a 'High Wave' and 'Hammer', so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera