| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The USD/ILS exchange rate continued to trade within the falling wedge pattern. As apparent on the chart, the rate declined below the 3.4600 level. From a theoretical perspective, it is likely that the currency pair could continue to decline within the given pattern within the following trading sessions. Then, a breakout north could follow, and the pair could target the 3.6500 level. Meanwhile, it is unlikely that bears could prevail in the market and the exchange rate could go below the 3.3700 mark due to possible support from the monthly S2.