USD/ILS 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuySell
Alligator(13;8;5)SellNeutralSell
SAR(0.02;0.2)SellSellBuy
Aggregate

At the middle of January, the USD/ILS exchange rate reversed north from the psychological level at 3.1200.  

From the one hand, it is likely that the currency pair could gain support from the 200-period moving average near 3.2400. Thus, some upside potential could prevail in the market, and the pair could target the Fibo 50.00% at 3.4530. 

From the other hand, it is likely that the exchange rate could be pushed down by the 55-period moving average near 3.2800. Thus, some downside potential could prevail in the market.

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