| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The USD/ILS currency pair continued to trade downwards within the falling wedge pattern. As apparent on the chart, the pair has already reversed south from the upper pattern line.
From a theoretical point of view, it is likely that the exchange rate could trade downwards within the given pattern in the nearest future. Also, a breakout north could occur in the medium term. In this case the rate could reach the Fibonacci 50.00% retracement at 3.5565.
However, note that the currency pair is supported by the 100– and 200-hour moving averages. Therefore, a breakout north could occur in the nearest future.