| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The US Dollar has been appreciating gradually against the Israeli Shekel since the pair reversed from the lower boundary of a long-term ascending channel at 3.5780.
Given that the exchange rate is being supported by the 55-, 100– and 200-hour SMAs, it is expected that the pair continues to go upwards. Potential target is the monthly R1 located at 3.7639. Technical indicators also support bullish scenario.
It is the unlikely case that some bearish pressure still prevails in the market, the currency pair should not exceed the monthly R2 at 3.6695.