| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The USD/ILS currency pair has been trading within a descending channel since the end of March. Currently, the pair is trading in the 3.6000 area.
From a theoretical point of view, it is likely that the exchange rate could continue to trade downwards within the given channel in the medium term. In this case the rate could decline to the 3.4000 level at the beginning of May.
However, note that the currency pair is under pressure of the 55–, 100– and 200-hour SMAs in the 3.6150 area. Thus, a breakout south could occur in the nearest future. Note that the pair could gain support from the monthly S1 at 3.2527.