Indicators and patterns
1/23/2025
Indicators and patterns
The first indicator is an Inverted Hammer pattern on the USD/JPY currency pair in a 15-minute timeframe. The Inverted Hammer is a bullish reversal candlestick pattern that suggests a potential price reversal to the upside. In this case, the signal is to "Buy" at a price of 155.89999, identified at 18:00 on January 23, 2025.The second indicator is the Average Directional Index (ADX) on the USD/JPY pair in a 30-minute timeframe. The ADX is a technical indicator used to measure the strength of a trend. A bullish ADX signal indicates that the trend is strengthening and may continue in the current direction. In this case, the signal is to "Buy" at a price of 155.98, identified at 18:00 on January 23, 2025.
This is not investment advice. Remember to verify the information provided here.
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