| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The USD/ILS exchange rate has been trading within a falling wedge pattern since the end of June.
From a theoretical point of view, it is likely that some downside potential could prevail in the market, and the currency pair could continue to trade within the given pattern in the medium term.
Meanwhile, note that the exchange rate could gain support from the monthly S1 at 3.4186. If the given support holds, it is likely that a breakout north could occur within the following trading sessions.