| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The American Dollar is trading against the Israeli Shekel in a one-month long descending channel that has recently started to transform into the falling wedge formation.
Second half of this week the currency rate spend trying to break below the monthly S1 located at the 3.4456 level.
This inability to slip further suggests that new trading week the pair most likely will start above the upper trend-line of the wedge.
If the breakout happens, the surge is expected to last until the currency rate will reach opposite side of the channel that is back up by the falling 55-period SMA.
Nevertheless, in larger perspective the buck most probably will continue to depreciate. A number of technical indicators support this assumption. In addition to that, the pair is moving in a one-year long descending channel, which presupposes drop towards the 3.41 mark.