| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/ILS exchange rate has been trading within a falling wedge pattern since the beginning of May.
From a theoretical perspective, it is likely that the currency pair could continue to trade within the given pattern until the end of June. Then, a breakout north could occur, and the pair could jump to the psychological level at 3.6500.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages. Thus, some a breakout south could occur in the nearest future, and the rate could re-test the 2020 low at 3.4000.