| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/ILS currency pair has been trading within the symmetrical triangle pattern since the beginning of May. The pair has already reversed north from the lower pattern line at 3.5780.
From a theoretical point of view, it is expected, that some upside potential could prevail in the market in the short term, as the exchange rate should target the upper triangle boundary located circa 3.6300.
If the given pattern holds, a reversal south could occur, and the rate could continue to trade within the given pattern. Otherwise, it is likely, that a breakout north could occur. However, note, that the pair has to surpass the Fibonacci 23.60% retracement at 3.6465.