Indicators and patterns
1/6/2025
Indicators and patterns
The first indicator is a Hammer pattern on the XAG/USD (Silver/US Dollar) currency pair, observed on the 15-minute timeframe. The Hammer is a bullish reversal candlestick pattern that suggests a potential price reversal to the upside. In this case, the signal generated is a "Buy" signal, indicating a favorable opportunity to enter a long position in the market. The price at which this signal occurred was 30.0465, and the timestamp was January 6, 2025, at 17:45.The second indicator is the Average Directional Index (ADX) on the XAG/USD currency pair, also observed on the 15-minute timeframe. The ADX is a technical indicator used to measure the strength of a trend, with values above 25 indicating a strong trend. In this case, the ADX is signaling a bearish trend, suggesting a potential downward movement in prices. The signal generated is a "Sell" signal, indicating a possible opportunity to enter a short position in the market. The timestamp for this signal was also January 6, 2025, at 17:45.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
