| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
USD/ILS has been trading in a long-term ascending wedge. The rate re-tested this pattern early in June and subsequently surged 3% up to its one-year high at 3.66.
Following a few-day correction south, the US Dollar is once again heading towards this highest point. Given that technical indicators remain bullish, it is likely that the Greenback continues to appreciate during the remainder of this week.
In case the monthly R2 at 3.6650 is surpassed, a possible short-term target is the junior channel and the monthly R3 near 3.69. In this situation, the following week should bring the beginning of a bearish correction.
Conversely, this 3.66 level may hold strong, thus pushing the pair down to the monthly R1, the 200-hour and 55-period (4H) SMAs at 3.61. Further decline should stop near the senior channel line located circa 3.59.