| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/ILS exchange rate continued to decline within the falling wedge pattern (4H time-frame chart). Currently, the rate is testing the lower pattern line.
From a theoretical point of view, it is likely that the currency pair could trade downwards within the given pattern until March.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 3.4402/3.4508 area. Thus, a breakout south could occur in the nearest future.