| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar has been appreciating against the Israeli Shekel since the beginning of October when the USD/ILS currency pair reversed north from the lower boundary of the long-term ascending channel (4H time-frame chart).
From a theoretical point of view, it is likely that some upside potential could prevail in the market, as the exchange rate should reach the upper channel line located circa 3.5600/3.5700. In this case the rate would have to surpass the resistance level formed by the Fibo 50.00% at 3.5565.
However, note that the currency pair is pressured by the 55-, 100- and 200-hour moving averages. Therefore, the possible advance might not be immediate, and the pair could re-test the lower channel line.