| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The USD/ILS currency pair has been trading within the descending triangle pattern since the end of January.
As apparent on the chart, the exchange rate is testing the upper triangle line at 3.6350. If given pattern holds, it is likely that the pair targets the lower triangle boundary located at 3.6073. However, the rate will has to surpass the support cluster formed by the 55-, 100– and 200-hour SMAs in the 3.6190/3.6228 range.
If given pattern does not hold, it is expected that a breakout north occurs in the nearest future. A possible upside target is the resistance level formed by the Fibonacci 23.60% retracement at 3.6365.