| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar has been depreciating against the Israeli Shekel since the end of June after the USD/ILS currency pair reversed south from the upper boundary of the medium-term channel at 3.6255.
As apparent on the chart, the pair is testing the lower channel line located circa 3.5200. From a theoretical point of view, it is expected, that a reversal north could occur in the nearest future, and the exchange rate could target the upper channel line located circa 3.6100.
However, note, that the rate is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 3.5310/3.5426 range. Thus, if the given channel does not hold, the US Dollar could continue to depreciate against the Israeli Shekel.