| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Upside risks dominated the USD/ILS exchange rate late in July, as the Greenback appreciated 2.20% against its Israeli counterpart.
The rate is trading in a wedge which was formed at the beginning of 2018. However, it failed to reach its upper line and the monthly R2 before peaking at 3.7120—its highest position since March 2017. A subsequent fall and a breakout from the junior channel soon followed.
Given that the upside momentum has allayed significantly during the past few weeks, it is likely that the Greenback breaches the aforementioned wedge and falls even lower down to the monthly S1 and the 55-day SMA at 3.63.
The nearest important support level is the 100-hour SMA and the monthly PP. The rate might hinder near this area for some time before resuming its decline down to 3.63.