| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The US Dollar has been appreciating against the Israeli Shekel since the currency pair reversed from the psychological level at 3.7800 at the end of December.
Currently, the exchange rate is testing the lower boundary of long-term ascending channel located circa 3.6500. Two scenarios likely, If given channel holds, it is expected that a reversal north occurs in the nearest future. Potential upside target is the Fibonacci 0.00% retracement at 3.7270 mark.
If given channel does not hold, a breakout south occurs soon, thus, it is expected that the pair aims for the Fibonacci 38.20% retracement located at 3.5968.